It goes without saying that renting out your property is a smart long-term investment that pays off every month, but what people don’t tell you is the continuous maintenance and upkeep it requires. Whether your last tenant was an absolute mess or your property is in desperate need of some TLC, fixing up your rental property can be a costly undertaking. Fortunately, there are a few upgrades you can do that won’t require a second mortgage. Try these budget-friendly updates to get the best return on your investment.
Repair any surface damage
Before you can get to work, you first need to pinpoint what can be repaired and what needs to be replaced. Walk around your property and give it a thorough inspection, fixing scuffed doors, loose screws and damp spots as you go along. During this process, make a list of all the serious issues that need attention or a complete replacement.
Update cupboard doors
Over time, your bedroom and kitchen cupboard doors can start to discolour, especially if they are melamine. Whether giving them a new coat of paint or modernising them with a shaker style border, there are plenty of ways to give your cupboards a new look for less.
Splash on a fresh coat of paint
Your walls are often the first thing people will see, and if they’re not neat and clean, it will send possible tenants running. A new coat of paint can do wonders for a space, making it appear bigger and brighter. Go with an edgy off white or choose a neutral colour that’ll impress anyone, regardless of their taste.
Upgrade fittings and fixtures
Light fittings and kitchen and bathroom fixtures are simple upgrades that make a huge difference. With a trendy kitchen mixer, quality shower head and luxurious pendant lights, your space will feel expensive and tasteful.
Level up the landscaping
With the COVID-19 pandemic forcing people to spend more time at home, there has been a greater emphasis on outdoor and lifestyle spaces. By sprucing up your garden with low-maintenance landscaping, you can add to the appeal of your property and attract more potential tenants.
Give the place a good clean
After you’ve repaired, replaced and upgraded everything in your home, the last item on the checklist is to give the property a thorough clean. First impressions count and if your property is neat, clean and clutter-free, you can double your chances of finding a suitable tenant.
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