‘Re­vamps can help at­tract bet­ter ten­ants’

Weekend Argus (Saturday Edition) - - PROPERTY -

LAND­LORDS ad­ver­tis­ing rental prop­er­ties are en­cour­aged to do more than just ba­sic clean and re­paint work when ten­ants leave, and should even con­sider home im­prove­ments.

Even if there are no im­me­di­ate op­por­tu­ni­ties to raise the rent, im­prove­ments hold other ben­e­fits, says Greg Har­ris, chief ex­ec­u­tive of Chas Everitt Prop­erty Rentals.

“There would be an ad­van­tage, for ex­am­ple, in be­ing able to at­tract bet­ter qual­ity ten­ants – the kind who al­ways pay their rent on time, look af­ter your prop­erty as if it was their own and are be­com­ing in­creas­ingly dif­fi­cult to find in the cur­rent eco­nomic cli­mate.”

Land­lords should look at ren­o­vat­ing ar­eas likely to in­crease their prop­er­ties’ ap­peal. These in­clude floor­ing, light­ing, stor­age and kitchen and bath­room re­vamps.

Noth­ing says “dated” like scuffed floors or old car­pet­ing, no mat­ter how clean it is, and in­stalling low- main­te­nance tiles or wood floor­ing will im­me­di­ately give the home a more mod­ern and at­trac­tive look, Har­ris ad­vises.

“A bright home is al­ways more invit­ing, so get rid of old fix­tures and dim globes and in­stall mod­ern fit­tings and high-power LED or long-life globes. Also think about ad­di­tional over-counter light­ing in kitchens and bath­rooms.”

Har­ris says one of the top rea­sons given by ten­ants for mov­ing is a lack of suf­fi­cient stor­age. He urges land­lords to en­sure their prop­er­ties have enough cup­boards, cab­i­nets and shelves.

“Bear in mind clut­ter cre­ates stress and ten­ants who can’t find any­where to store their ex­tra tow­els or win­ter wool­lies are quickly go­ing to get tired of mak­ing do.”

Kitchen and bath­room re­vamps are also a good idea and can be done with­out break­ing the bank.

“The kitchen is one of the rooms that re­ceives the most scru­tiny from po­ten­tial ten­ants. If they don’t like it, they are quite likely to move on. The best kitchen ‘fixes’ are at­trac­tive, durable counter tops, new cab­i­net doors, tiled in­stead of painted walls, mod­ern back­splashes, taps and han­dles, ad­di­tional plug points and ex­tra spa­ces for ap­pli­ance,” Har­ris says.

For bath­room up­dates con­sider big­ger van­i­ties with more counter space, tiled walls, mod­ern san­i­tary ware, large mirrors, bright light­ing and frame­less, walk-in show­ers. – Prop­erty Writer

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