Zillow: Simple, low-cost projects add value to rental properties

Millennials and Gen Z renters, priced out of homeownership, are investing in affordable, nonpermanent upgrades to personalize their rental spaces, according to a new report by Zillow and Thumbtack. The data has revealed that simple changes like swapping out cabinet hardware, adding open shelving, or incorporating smart lighting can boost a rental’s appeal and value, often costing less than $1,000.

These renter-friendly projects not only help tenants make their space feel more like home but also attract more attention from potential renters when the property is listed, making them a win-win for both renters and landlords.