
As the real estate market continues to evolve, property managers must stay ahead of the curve when it comes to renovations. Renovations are not just about enhancing aesthetics; they can significantly increase property value, attract quality tenants, and boost rental income. Here are the top renovation trends in 2024 that every property manager should consider. Doing this will keep their properties competitive and appealing in the rental market.
1. Sustainable and Eco-Friendly Upgrades

Environmental sustainability is no longer just a buzzword; it’s a priority for both renters and homeowners. In 2024, eco-friendly renovations are becoming essential to meet tenant demand for energy-efficient and environmentally conscious living spaces.
What to Consider:
- Energy-efficient appliances: Install smart thermostats, LED lighting, and Energy Star-rated appliances to reduce energy consumption and attract eco-conscious tenants.
- Solar panels: Depending on the location, installing solar panels can help reduce energy bills and increase the long-term value of the property.
- Low-flow fixtures: Water-saving faucets and showerheads not only promote sustainability but can also reduce utility costs, which tenants will appreciate.
By investing in these green upgrades, you’re not only making your properties more appealing but also contributing to a more sustainable future.
2. Smart Home Technology
In 2024, smart home devices are rapidly becoming standard in rental properties. Tenants are increasingly looking for properties with integrated technology that enhances convenience, security, and energy efficiency.
What to Consider:
- Smart thermostats and lighting: Allow tenants to control the temperature and lighting remotely, ensuring comfort while conserving energy.
- Keyless entry systems: Provide convenience and added security with keyless entry that allows tenants to unlock doors using their smartphones or codes.
- Security cameras and alarms: Boost tenant peace of mind with smart security systems that can be monitored through apps, offering convenience and control from anywhere.
These innovations will not only increase tenant satisfaction but also set your property apart from the competition.
3. Open Concept Living Spaces

Open floor plans remain one of the most popular renovation trends in rental properties, and they are expected to stay relevant in 2024. Tenants continue to favor spacious, multifunctional areas that maximize the usability of their living spaces.
What to Consider:
- Remove walls: Consider knocking down non-structural walls to create open, airy spaces that allow for flexible living and dining arrangements.
- Multifunctional furniture: To complement open spaces, provide tenants with options for flexible, space-saving furniture like foldable desks or modular seating that can be rearranged.
Open spaces foster a sense of community and functionality. This makes the property more appealing to a wider range of tenants, especially families and those who work from home.
4. Modern Kitchen and Bathroom Upgrades
The kitchen and bathroom are two of the most important spaces for tenants, and well-designed, modernized versions can elevate a property significantly.
What to Consider:
- Quartz countertops and modern cabinetry: Replace outdated surfaces with durable, low-maintenance options like quartz or granite. Also sleek, modern cabinetry can improve the aesthetic appeal and functionality of these rooms.
- Walk-in showers and spa-like features: Walk-in showers, heated floors, and freestanding bathtubs are luxurious features. Tenants increasingly look all of these for in bathroom renovations.
- Open shelving and smart storage: Tenants often struggle with storage, so it is good to incorporate smart storage solutions like open shelving. Also deep cabinets can add both functionality and appeal.
By upgrading these areas, you not only improve the aesthetic but also increase the overall value of the property.
5. Outdoor Living Spaces

With many tenants seeking properties that offer a connection to nature or outdoor spaces, creating functional outdoor areas is one of the most important renovation trends to watch in 2024.
What to Consider:
- Outdoor kitchens and dining areas: Install built-in grills, countertops, and comfortable seating to make outdoor entertaining easier and more appealing.
- Landscaping and gardens: Beautiful, low-maintenance gardens or rooftop terraces can make the property more desirable, especially in urban areas where outdoor space is limited.
- Firepits and seating: Adding cozy firepits and seating arrangements will make outdoor areas more inviting, creating spaces for relaxation and socializing.
These features not only enhance the tenant experience but also make your properties stand out in a competitive market.
6. Improved Lighting and Natural Light
Proper lighting can transform any space, making it feel brighter, larger, and more inviting. Making lighting one of the most popular renovation trends this year. Moreover in 2024, property managers are focusing on maximizing natural light and using lighting to create ambiance.
What to Consider:
- Larger windows and glass doors: If possible, increase window sizes to allow more natural light to flood the space, creating an open and airy atmosphere.
- Statement light fixtures: Installing modern light fixtures can serve as both a functional and decorative element, adding personality and warmth to a room.
- Layered lighting: Combine ambient, task, and accent lighting to create dynamic spaces that can adapt to different moods and times of day.
Good lighting improves the overall aesthetic of the property and makes spaces feel more inviting and functional.
7. Pet-Friendly Renovations

As more tenants opt to bring their pets with them, pet-friendly amenities are becoming an increasingly important factor in attracting quality renters.
What to Consider:
- Pet washing stations: If space allows, consider adding a pet washing station or dedicated area where tenants can bathe their pets.
- Durable flooring: Opt for pet-friendly, scratch-resistant flooring materials such as vinyl or tile, which can withstand the wear and tear from pets.
- Fenced-in yards: For single-family homes or townhouses, a fenced-in yard is a highly desirable feature for tenants with pets.
Pet-friendly renovations not only increase your pool of potential tenants but also improve tenant retention.
8. Minimalist and Neutral Design
While bold colors and maximalist styles are trending in some areas, minimalist and neutral designs continue to dominate in rental properties. This aesthetic appeals to a broad audience and makes it easier for tenants to visualize themselves in the space.
What to Consider:
- Neutral color palettes: Stick to soft whites, grays, and beiges for walls, floors, and larger furniture items to create a calming and universally appealing environment.
- Clean lines and simple décor: Minimalist design focuses on functionality, so keep décor sparse and use furniture with clean, modern lines to maintain a sense of openness and simplicity.
By opting for minimalist designs, you make it easier for potential tenants to feel at home, while also creating a timeless and easy-to-maintain space.

2024 offers exciting opportunities for property managers to enhance rental properties with in-demand renovations. From sustainable upgrades to smart home technology and modern design trends, these improvements can increase property value and attract quality tenants. At Wynnow, we specialize in delivering the renovations mentioned above, helping you stay ahead of the competition and create spaces that tenants will love. Contact us today to discuss how we can transform your property! Be sure to also follow us on Facebook, Instagram, and X to stay connected!