10 simple investments that will boost the rental value of your property

10 simple investments that will boost the rental value of your property 4 years ago Lettings Tips 0 Sometimes you need to spend money to make money. Here are 10 worthwhile investments to help boost the rental value of your property. Our property management and maintenance services can help with these upgrades. 1. Buy new furniture In today’s dynamic and mobile society, many tenants prefer furnished properties. However, it’s important to remember that the quality and style of the furnishings can significantly influence the property’s perceived value. Opt for reasonably priced, durable, modern furniture to enhance the appeal. Alternatively, if you have a flair for upcycling, consider revitalising second-hand items with a fresh coat of paint or creative refurbishments. This approach adds character to the property and demonstrates a commitment to quality and thoughtful design. 2. Add extras Modern pluses that go down very well with prospective tenants include high-speed broadband, door entry systems, security systems, and dishwashers. These relatively simple additions make it much easier for tenants to settle in without having to spend time and money arranging them for themselves. On the less technical side, adding curtains and blinds saves tenants a world of hassle and makes it easier for them to imagine the property as their home. 3. Decorate Nobody wants to see wear and tear left by previous tenants: they want the property to feel like new – and a simple repaint will work wonders. Bear in mind that tastes vary, and the safest choice is predominantly neutral – although you can add character with touches of gentle colour here and there. Present the property as a blank canvas on which the tenant can impose their own personality. 4. Repair Check the property thoroughly for anything in need of repair. This is not just about aesthetics – it’s about making it safe and fit for human habitation. Above all, don’t leave areas of rot or damp go untreated, or you’ll be creating a more costly problem for yourself in the long run. 5. Update the kitchen and bathroom These two rooms will do more than anything else to sell your property to prospective tenants. Give both a makeover, ensuring they look up to date. Focus on neutral tones and choose hardwearing fixtures and fittings to ensure they stay in a good state of repair. 6. Add an ensuite Ensuites are now enormously desirable and can help increase the rental value of your property. It’s often possible to fit a small ensuite shower room into an existing bedroom with surprising ease. 7. Add storage Today’s tenants bring a lot of stuff with them, so they’ll appreciate adequate storage space. Consider adding built-in cupboards, storage trunks and easy access to a floored loft space. 8. Add a bedroom Extending the property to add an extra bedroom is a good way to fetch a higher rent. You may be able to convert a garage, extend into the loft space or build into the garden. You could also look at how to repurpose existing space to create an extra room. 9. Enhance the curb appeal First impressions count, so make sure your property looks great from the outside. Repaint faded walls, buy a new front door if necessary, and add a bit of greenery such as a potted tree by the door. 10. Enhance the garden Adding a patio is a great investment that will help your tenants imagine time spent outdoors. More generally, make sure the garden is well-tended and easy to maintain. A few items of outdoor furniture will also add appeal. Need help? At Morgan Jones we'll rent your property to carefully vetted tenants – and if it needs repairs and freshening up between tenancies, we've got it covered. Get in touch today to find out how we can help boost the rental value of your property. Next Post EPC Certificate Exemption Wales Related posts September 11, 2024 Lettings Tips Top Tips for First-Time Landlords in Wales Becoming a landlord can be a rewarding investment, but it also comes with challenges, especially... Continue reading August 28, 2024 Lettings Tips A Landlord’s Guide to Energy Efficiency in Welsh Properties As a landlord in Wales, ensuring your property meets Energy Performance Certificate (EPC)... Continue reading August 21, 2024 Lettings Tips The Pros and Cons of Short-Term vs. Long-Term Lettings in South Wales Choosing the right letting strategy is crucial for property owners in South Wales, whether they're... Continue reading Join The Discussion Cancel reply Save my name, email, and website in this browser for the next time I comment. Submit