Buying an investment property is one thing; making the most of it is quite another. The important thing to remember is that there are some simple steps you can take to add to your property's value, so when it comes time to rent it out or to sell it you can look forward to greater returns.
Here are the top 8 ways to according to finder.com.au
Paint. A fresh coat of paint, on the outside and the inside, can make a significant difference to the appearance of a home. It's best to stick to neutral colours in order to attract more buyers.
Landscape. While you might not enjoy gardening, a well-kept lawn and garden definitely up the value of a home and will also tell tenants that you've taken care of the house. Don't forget to fix the fencing if it requires attention.
Fix the roof. Most regions in Australia witness heavy rainfall and this can take a toll on roofs. If your roof is more than 15 years old, it might require a complete overhaul. Otherwise, check the rook thoroughly for leaks and replace all damaged shingles.
Fix flooring. Dirty and frayed carpeting is a turn-off, as are chipped floorboards and tiles. Besides, a fresh coat of paint with dirty flooring just doesn't match. You don't have to go overboard, just make sure the floor looks clean and presentable.
Refresh the bathroom. Make your bathroom look as inviting as possible, even if it means investing in new fixtures. If you cannot clean grime from tiles, consider replacing them. If the paint in the area is old and dated, repaint it.
Update the kitchen. Like the bathroom, a poor-looking kitchen can be a deal-breaker as well. Again, you don't have to spend huge amounts to make your kitchen look good. To deal with old cupboards, you can paint them or just replace the doors. With this done, consider adding new handles. If the kitchen bench looks old, replacing just the benchtop can serve the purpose you want. Replace old, leaky, and rusty-looking taps.
Add extras. Many renters look for homes with air conditioners, so simply adding an air-conditioning unit can help increase weekly rent. Adding a dishwasher can do the same, as can installing a washing machine.
Add storage. Functional storage space is what many renters look for and this can come in the form of built-in wardrobes.
At Belle Property Illawarra, we are experts at leasing and property management. Our team of highly adept agents can give you advice on what are the best upgrades to do to ensure you get the most out of your investment, and can organise and manage these works for you as well - our team is dedicated to delivering a personalised experience.
If you’d like to know more about how Belle Property can help you, contact our team today.