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 coat 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 make the room seem lighter and brighter while also allowing renters to imprint their own style. Don’t forget about the floors If your flooring is badly worn or outdated consider replacing it with something more aesthetically pleasing.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 floor coverings are suitably water resistant. Refresh the kitchen New kitchens are expensive so instead of a full overhaul try replacing benchtops and handles or painting cupboards to give it a fresh look for a fraction of the cost. Again, go for neutral to appeal to the majority of renters. Dishwashers are deemed an essential kitchen appliance these days so installing one may help the property appeal to more renters. If any appliances are on their last legs, remember that a stitch in time saves nine, and replacing them sooner rather than later may reduce the likelihood of an urgent repair or maintenance call. 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, taps or 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. Heating & cooling Appeal to more renters by investing in and installing air-conditioning to the property, especially in warm climates. Some states may also mandate having fixed heating in the property that meets the applicable energy efficiency standards. 8
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