5 Easy ways to add value to your rental property

/5 Easy ways to add value to your rental property

For landlords, making a profit on your property is the key to a successful investment. However, it can be hard to know where to spend your money and it is worth always keeping in mind your target tenant. Here are 5 easy ways to spruce up a tired rental property and add value without undertaking expensive and time consuming renovations.

  1. Paint Job

Adding a new layer of paint can do wonders to freshen up a tired or dated property. Stick to a neutral colour palate as this isn’t about your taste, however yo can still add some character. You can inject a bit of colour by painting the skirting boards or coving a different shade to the walls, or by adding a feature wall.

2. Flooring

Flooring is important and can instantly change the feel of a property. Carpets are great for warmth and cosiness in bedrooms, but they can show spills and wear and tear in higher traffic areas. A hardwood floor looks smart and is easy to keep clean, but it can be expensive. A good quality laminate is cheaper but can still look good.

3. Appliances

There’s no need to completely redo a kitchen if the basic structure is sound. New stainless steel appliances can instantly make a tired kitchen look sleek and modern, perfect for professional tenants.

4. Kitchen Counters

Likewise, by changing the kitchen counters you can smarten up a dated room, without having to change all the fixtures and fittings. There’s no need to splash out on granite, unless you are able to command a healthy rent, instead laminate worktops are a better value option.

5. Bathroom

After the kitchen, the bathroom is another place you can instantly add value and make a property more appealing. Once again, as long as the suite is in good condition there’s no need to replace everything. Adding a new vanity unit and replacing the taps and shower head can instantly freshen up a dated bathroom without calling in the plumber.

 

2018-11-20T11:31:24+00:00November 4th, 2018|Homige|