Making little changes to your rental property can make a big difference in making it more attractive to your prospective tenants. Moreover, by doing some improvements, you can increase your rent, lease your property faster and increase the return from your rentals.
Here are quick, easy and affordable improvements landlords can make to their rental properties that will reap big rewards:
- Create kerb appeal
Landlords can increase the value of the rental property by creating kerb appeal. It is a good way to make the best first impression. Spend a few hours of your time making your property exterior more appealing by having a well-kept garden, clean windows and frames, fresh paintwork in neutral colours, well-kept front porch and adequate outside light fixtures. Making your rental property’s landscape look great and appealing can make your property more attractive to potential renters.
- Highlight your property’s best features with the right paint
Choosing the right paint can transform a space, brighten dark areas and revive tired looking walls. Use satin and waterproof paints and avoid painting walls in flat white colour. Try to paint your walls with a grey or cream colour to add a little texture and warmth to your interior spaces.
- Clean and well-kept kitchen and bathrooms
If you don’t have the budget to remodel or renovate your kitchen or bathroom, it is best to keep it spotlessly clean, organised and functional before you show these spaces to your prospective renters. Clean grout and for a quick makeover, consider placing new handles on cabinets. Moreover, a kitchen looks much better when it features a fitting backsplash. With a little work on your part, it can make a subtle pop in a neutral kitchen, or add appeal to an already bold room.
- Clean and remove mould on window frames
A good indicator if a property is well cared for or not are the window frames. Remove mould and make sure your windows are washed and clean on the outside and the inside as well.
- Increase the value of your property with carpets
Carpets are easy to install and one of the most affordable options for flooring in a rental property. It can significantly increase your property’s value to tenants. If you can’t afford new carpets, consider renting a professional carpet steamer to clean it.
In addition to a fully managed service, Keyring Lettings also offers an introduction only service. This service is for those landlords who wish to actively manage their property themselves but would like help finding suitable tenants. Contact us to find out more about it and the other services we provide.