Whether you’re a landlord or a renter, your housing concerns are probably more similar than you think. As the cost of living continues to rise, we all want to make sure we’re getting as much bang for our buck as possible.
If you own a rental property this is especially true. It should afford you a steady income and financial security, but any extended period without tenants will quickly turn your dream of being a property magnate into a nightmare.
Luckily there are a few small changes you can make that will increase the value of your property, and satisfy even the pickiest of future occupants. We’re talking about home improvements, of course.
Before you start with excuses about time and money, remember that a small investment now could be just the thing you need to seal the deal on that long-term tenancy agreement. We’ve highlighted a few key renovations that’ll do just that.
Increase the living space
If estate agents have taught us anything, it’s that selling the lifestyle is essential. Open spaces offer a modern and attractive way of living that’s sure to attract lodgers. If your rental property is on the small side, increasing the amount of room on offer should be at the top of your priority list.
Mezzanine floor construction is easier than you’d imagine if you hire in the experts to oversee the process. It’s a stylish way of adding value and space to a small studio flat, or of carving up one large living area. Just make sure to show off the most effective layout by dressing all rooms properly.
Freshen up the interior
Interior decorating can create the impression of more space and helps create the right atmosphere. Knowing your target market is key here. Students, young professionals, couples or families all have different requirements, but providing a clean canvas is always appealing.
A bright and fresh look is always attractive, and there are lots of clever and inexpensive ways of livening up your property. Boost natural light by installing glass doors, positioning mirrors opposite windows and choosing neutral curtains.
The final touches
Investing in a few flashy gadgets and splashes of luxury can quickly ramp up the attractiveness of an empty flat. Built-in coffee machines and smart TVs will appeal to trend seekers, for example.
A waterfall shower head can save you from having to install an entirely new bathroom suite, and could be just the thing to make a viewer fall instantly in love with your property. These sorts of small touches cause minimum hassle but make a big difference to the overall vibe of a place.
If you’ve got any other suggestions for adding property value or securing occupants, let us know!