The benefits of routine rental property inspections are often untold. They shouldn’t be a source…
Finding a tenant who pays their rent on time and takes care of your property as if it were their own is a landlord’s dream. But to attract these high-quality tenants, you need to make your property look and feel high-quality.
From installing air conditioning to creating an outdoor living space, here are five simple home improvements that will boost your rental returns and help you attract top-tier tenants who will treat your house like a palace.
1. A fresh coat of paint
They say change is as good as a holiday, so a fresh coat of paint inside and out will give high-quality tenants an inviting reason to choose your property.
A fresh new look can really brighten the interior while a splash of exterior paint can make the home look classy and modern, setting a standard tenants will strive to maintain.
2. A comfortable outdoor space
Rental properties can often be very basic in their amenities, with simple furnishings and low maintenance gardens. But if you take the time to add an outdoor space1nytimes.com that tenants will truly enjoy, then your property could stand out and even command a higher fee.
Verandas and outdoor entertainment areas are a great way to add value to the property and showcase the type of lifestyle that’s possible there – a deciding factor for many discerning tenants.
3. Reliable air conditioning
In our increasingly hot Aussie summers, a ceiling fan just doesn’t cut it anymore. Good tenants expect a certain standard of living if they are going to pay top dollar and take care of the place well.
By installing air conditioning, such as a reverse cycle system, you will bring a better level of liveability to your rental property, making it much more competitive in the rental market.
4. Brighten windows with simple furnishings
One of the first things prospective rental tenants often notice is the atmosphere inside the property – how it looks and feels.
One of the best ways to improve the character of your place is to replace any old curtains and blinds with new window furnishings that look smart and modern. This simple change can dramatically transform the feel of your rental property and could improve its value.
5. Improved interior lighting
The way your rental property is lit can also greatly influence its ambience. Cheap lighting fixtures may save you money initially, but they can also create a dull, washed-out atmosphere that’s not attractive to high-quality tenants.
By installing bright, warm, modern lighting fixtures, your rental property will instantly become more appealing, and will show just how homely the space can be.
Higher standards bring better tenants
Sprucing up your rental property with a few strategic improvements can add significant value to the rental price, making it much more appealing to high-quality tenants. These improvements don’t have to be expensive but could significantly improve your rental returns.
Insurance issued by AAI Limited ABN 48 005 297 807 AFSL 230859 trading as Terri Scheer. Read the Product Disclosure Statement before buying this insurance and consider whether it is right for you. Contact Terri Scheer on 1800 804 016 or visit our website at www.terrischeer.com.au for a copy. The Target Market Determination is also available.
The information is intended to be of a general nature only. Subject to any rights you may have under any law, we do not accept any legal responsibility for any loss or damage, including loss of business or profits or any other indirect loss, incurred as a result of reliance upon it – please make your own enquiries. This article has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it.