Enhancing your property’s appeal If your budget permits, making improvements to your property can help boost its rental potential while appealing to reliable renters looking for a well-appointed and comfortable home. A lick of paint Dated colours or peeling paint is a turn-off for many renters. Never underestimate the impact of a fresh coat of paint, particularly on an older property. Stick to neutral colours to allow renters to imprint their own style with their furniture and belongings. Don’t forget about the floors If your flooring is badly worn or outdated consider replacing it with something more aesthetically pleasing. Opt for a floor treatment that is hard-wearing and easy to clean such as tiles or wooden flooring, ensuring bathroom and kitchen floorcoverings are suitably water resistant. Refresh the kitchen New kitchens are expensive so instead of a full overhaul try replacing benchtops or painting cupboards and replacing handles to give it a fresh look for a fraction of the cost. Again, go for neutral colours to appeal to the majority of renters. Dishwashers are deemed an essential kitchen appliance these days so it pays to install one in your rental if you want to appeal to the maximum numbers of renters. If any appliances are on their last legs remember that a stitch in time saves nine, and replacing them sooner than later reduces the likelihood of an emergency if they break down later. Update the bathroom If your bathroom is tired but you’re not in a position to replace it yet, consider smaller alterations like replacing the toilet, vanity, basin or taps, shower heads which can help breathe new life into something old-fashioned. If storage is limited mounting a new bathroom cabinet can be a cost-effective solution. Consider installing aircon When it comes to heating and cooling, while heaters can be easily purchased and relocated by renters, air conditioning units are a big financial investment which are bulky to move. As such, a property with air conditioning installed will always have added appeal to renters. 8
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