7 Updates That Add Instant Value To Your Property
How can you make your investment property stand out in the ever growing and changing market? Here are seven changes you can make to your property to boost value and attract more tenants.
1. Extra storage
Tenants value a variety of storage solutions. Consider adding extra shelves, cupboards, an outdoor shed or a secure storage cage.
2. Built-in robes
Speaking of storage, to add extra appeal, install built-in wardrobes, ideally floor-to-ceiling ones that maximise space.
3. Fresh paint
Dirt, stains, and even odours can cling to paint over time. Liven up your property with fresh paint, preferably in neutral shades.
4. New carpet
Signs of wear and tear are easily found in old and outdated carpeting. Update your property with a more durable material.
5. Internal laundry
A built-in laundry (plus dryer) added to the bathroom or kitchen area will add instant appeal.
6. Air conditioning
You can easily increase rental yield by installing an air conditioner. Now is the best time to get a good bargain on a quality split-cycle air conditioner. Don’t wait for the summer season to install one when those prices go up.
7. Consider pets
According to the Australian Companion Animal Council, more than 60 per cent of Australian households include a pet. Be sure to include special conditions in your lease to protect your property from damage or flea infestation.
For your free investment property health check, please contact 07 3123 7373 or lauren@rentalresults.com.au
