No one ever said that being a landlord was easy. In fact, it can be downright challenging at times. One of the most important things you can do as a landlord, though, is to make sure your property is in good condition before renting it out. This will help attract tenants and avoid any costly damage repairs down the road. As always, there are multiple factors that might influence how much work you need to put into your rental property before it’s ready for tenants. But here are five renovations that can help make your property more attractive to potential renters:
Paint your walls a neutral colour
One of the simplest and most effective ways to renovate your rental property is to paint the walls a neutral colour. This will make the space feel more inviting and make it easier for tenants to visualize themselves living there. If you’re not sure what colour to choose, black, white, or beige are all good options that will appeal to a wide range of people. Avoid fancy or personalised wallpapers, as these can be a turnoff for potential tenants. Neutral colours also means that tenants are able to bring in their own furniture and decorations more easily, without having to worry about clashing colours.
Also Read: Best Wall Paint Colors.
Repair any cracks or holes in the walls
If you’re looking to renovate your rental property in order to attract more tenants, one of the most important things you can do is repair any cracks or holes in the walls. This may seem like a small detail, but it can make a big difference in terms of appearance. And if there are any major cracks or holes that need to be repaired, it’s important to do so before tenants move in, as they may end up causing further damage. You can easily do this yourself with some spackle and a bit of paint, or you can hire a professional to do it for you. That being said, make sure you have a good knowledge on DIY to avoid any accidents or mistakes.
Install new fixtures, such as light switches and door handles
Another way to renovate your rental property is to install new fixtures, such as light switches and door handles. This is a relatively easy and inexpensive way to make your property feel more modern and up to date. Plus, it’s a good way to add your own personal touch without going overboard. You’d be surprised how easy it is to find new fixtures that match the existing style of your rental property. Nobody likes old, outdated fixtures, so this is a renovation that will help you attract more tenants.
Carpets and floors
When it comes to renovating your rental property, one of the most important things you can do is to clean the carpets and floors. This is something that potential tenants will definitely notice, and it can make a big difference in terms of appearance. If your carpets are looking a bit worn or stained, you may want to consider replacing them altogether. In terms of the floors, make sure they’re clean and free of any dirt, dust, or debris. You may also want to consider polishing or waxing the floors to give them an extra shine. If your floors are old, consider replacing them with luxury vinyl planks. They’re an affordable option that can give your rental property a more modern and luxurious look.
Also read: How to clean vinyl Plank Floor.
Broken windows and doors
Everyone wants to feel safe and protected in their home. That’s why it’s important to make sure that all the windows and doors in your rental property are in good working order. If there are any broken windows or doors, be sure to repair them before tenants move in. Not only is this a safety hazard, but it can also make your property look run-down and uninviting. If you’re not sure how to replace a window or door, you can always hire a professional to do it for you.
Keep the garden clean and tidy
If your rental property has a garden, it’s important to keep it clean and tidy. This is something that potential tenants will definitely notice, and it can make a big difference in terms of appearance. Be sure to mow the lawn, trim the hedges, and remove any dead leaves or debris. You may also want to consider planting some flowers or adding some outdoor furniture, such as a table and chairs. This will make the garden more inviting and welcoming.
Bonus Tips for The “Luxury” Property Owners:
Renovate your kitchen and bathroom
If you’re willing to take it one step further and own a property that’s on the luxurious side, you may want to consider renovating your kitchen and bathroom. These are two of the most important rooms in any home, and they can make a big difference in terms of appearance and final renting price. If you’re not sure how to renovate your kitchen or bathroom, you can always hire a professional to do it for you. Keep in mind that potential tenants looking for these properties will be looking for quality appliances and finishes. So, if you’re going to renovate your kitchen or bathroom, make sure you do it right.
Bring in furniture and decoration
If you really want to make your rental property stand out, you may want to consider bringing in furniture and decoration. This is a great way to add your own personal touch without making any permanent changes. Plus, it’s a good way to make your property feel more luxurious and inviting. When it comes to furniture, you can either buy new pieces or rent them from a furniture rental company. As for decoration, you can either use your own personal belongings or purchase new items specifically for the rental property.
Consider these six renovation ideas when preparing your rental property for tenants. These simple changes can make a big difference in terms of appearance and final renting price. Plus, they’ll help you attract more tenants to your property. At the end of the day, you’ll have to be sure that your renovations are sustainable in the long run for maximum return of investment. When in doubt, always consult with a professional for help and guidance. They’ll be able to advise you on the best way to renovate your property and make it more attractive to potential tenants.