‘Revamps can help attract better tenants’
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