Renovating your Rental Property

Melton home improvements | Landlord Portal | Latest News | Rent | resources 2nd September, 2019 No Comments

We understand that renovating or improving your rental property may be a stressful task. It’s possible that there’s significant wear and tear on your walls and they need a fresh coat of paint, or your ducted heating no longer works. Here at Professionals Ryder Real Estate, we’re dedicated to ensuring that both tenants and landlords are catered to in the best way possible.

  1. Keep the interiors neutral.

When improving interiors within your home, it’s a good idea to keep the colours as neutral as possible. A fresh coat of paint on the worn out walls will bring the property a new look, but it’s important to ensure that you keep it plain and simple, so that prospective tenants aren’t turned off by bright colours that may not appeal to them. Less is more within a rental property, as tenants want to be able to make the home their own.

  1. Ensure the property has heating and cooling.

Many tenants will turn away from a property as soon as they become aware of its lack of heating and/or cooling. Whilst air conditioning is not essential in a rental property, many tenants won’t settle for just ceiling fans. If you haven’t already, it’s a good idea to consider installing an air conditioner in your investment property.

  1. Replace well-worn carpets.

After many tenants live in a rental property, the carpets can get significantly damaged and well-worn. If your carpets are stained and don’t look appealing to tenants, they’re highly likely to be turned off from the property. It may be an expense that you weren’t planning for, but it will definitely be worth the expense when you see just how much it improves the property, and interest from prospective tenants.

  1. Don’t get caught up in renovating the property to suit your preferences.

When renovating your investment property, it’s important to ensure that you don’t go overboard in designing and decorating the property as if you will be living there. As mentioned earlier, a tenant wants to be able to make the home their own, and excessive decorations or designs may overwhelm them and not appeal to their sense of style.

For more advice on renovating or repairing your rental property, contact the best property managers in Melton on 9743 6400.

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