How to renovate your rental property on a budgetSUBSCRIBE TO NEWSLETTER
Are you a new landlord? Think you have found the ideal buy to let property but worried that it isn’t quite up to scratch. The trouble with renting out a property is not that you have the expense of actually buying the property, but also that you have to invest money to make sure it is ready to be lived in.
Fear not, money conscious landlords. We have some great tips that can help you to renovate your rental property, all on a budget.
Make sure the property is clean
Whilst it may not be strictly renovation, one of the simplest things you can do when it comes to renting out a property is to make sure that it is clean and tidy. A clean and tidy house is one that is going to appeal and will make sure that you secure a renter in no time at all.
Think about first impressions
When you head to a property, one of the first things that you are going to see is the front door and then the hallway. This means that if you want to make a great impact, then think about those first impressions. Take the time to make sure that the front door looks great, maybe giving it some new paint, or even plant some flowers and plants around the garden to add a simple splash of colour.
Keep it low key
There is a reason why so many rental properties opt for magnolia walls. It is a neutral colour that doesn’t offend. You may have some grand ideas for how to transform the property, but the trick is to save those ideas for your own home. Instead, keep things low key in your rental property, not only does this help you to appeal to more people, but it also saves you money.
Focus on the important spaces
If money is short and you want to create an appealing space for possible renters, then it always pays to focus on the important spaces. For the majority of homes this is the bathroom and kitchen. Both of these rooms can become tired and worn quickly and are likely to be places that visitors see too. Which means that it pays to invest into making these rooms look their best.
Think outside the box
A common concern when it comes to properties is whether the space feels small and cramped. Light is the simplest way to do this, brightening up the space and making it feel open. However, this isn’t always possible to do without changing windows. A simple solution is to install mirrors on the walls, these will reflect light around and make the entire space feel much bigger.
Now you know, you can create a beautiful and appealing property, all without spending out a fortune. Why not try some of these out for yourself and see if you can attract some first class tenants to your first class property?
Need more FREE advice on your investment? Call Cooper Adams with out delay