For landlords, the primary goal is to secure reliable tenants who see your property as more than just a rental, but as a home. To achieve this, it’s time to inject some cash into your abode in the form of home improvement projects. Any of the projects below will not only heighten your property’s appeal but can significantly increase its rental value too! Let’s dive right in.
Complete Safety Checks
While a lot of our suggestions focus on the aesthetics of your home, you should always put safety first. Regular safety inspections, including electrical checks, reassure tenants of their wellbeing and help you abide by rental regulations. Hexo Electrical Testing can examine your property and provide a landlord electrical safety certificate. Getting a landlord electrical safety certificate will ensure you’ve done everything possible to ensure your property is up to standard and secure for tenants.
Create a Charming Exterior
A property’s exterior is the first point of contact for potential tenants; hence, it’s worth investing time and resources to make it inviting. Little touches can make all the difference. For example, a fresh lick of paint on the front door, some attractive outdoor lighting, or a well-maintained garden can truly make your property stand out. The great news is you don’t have to spend a fortune on these improvements either. This is music to your ears if you’re on a tight budget.
Redesign the Kitchen
It’s often said the kitchen is the heart of the home. As the place where meals are prepared, families gather and memories are made, you’ll want to inject some money into your kitchen space before tenants move in. Consider implementing cost-effective upgrades, like repainting cupboards, replacing ageing appliances with energy-efficient counterparts, or installing new worktops. Any of the three can transform the kitchen and potentially influence a tenant’s decision to sign a lease.
Spruce Up the Bathroom
While the kitchen is one of the primary areas tenants will look at, you should never underestimate the allure of a sparkling, modern bathroom. A clean, updated bathroom signals to potential tenants that your property is well cared for, thus making it more appealing. Minor makeovers like replacing outdated taps, resealing the bathtub, and adding clever storage solutions can transform your bathroom from drab to fab! These practical upgrades won’t only enhance your home’s aesthetic appeal but also serve a functional purpose too.
Focus On Energy-Efficiency
In the age of rising energy prices and environmental consciousness, energy-efficient enhancements are more appealing than ever to potential tenants. Such improvements can drastically reduce energy bills and play a big part in protecting the planet, which creates a win-win situation for both landlord and tenant. Start off by exploring loft insulation to prevent heat loss. You should consider investing in double-glazed windows too that further insulate your property.
To be a successful landlord in the competitive rental market, you need to find the right balance between making your abode attractive to prospective tenants while ensuring it’s a profitable investment for you. All the ideas above can enhance your home’s aesthetic appeal and bring in the perfect tenants.
