411homerepair.com

How to Develop Your Home to be more Attractive and Rent Worthy

by Guest on Dec 28, 2017

Letting out void space in your buy-to-let property as quickly as you can depend on many things. Keeping the apartment up to spec is a prominent one. Contention for tenants in today's residential rental market is becoming fiercer than ever, especially for those looking to attract clean and competent occupants.

While every landlord understands that renovating is a good idea, most are wary of following through due to the concern of cost. There is a worry that the original budget for the remodeling may be surpassed when the work actually begins. The tendency for tenants to sabotage the hard work is also another turn-off. Notwithstanding, the pros of renovating always outweigh the negatives.

In many cases, landlords put the brakes on updating the look and amenities of their properties as a result of lack of funding, and this, in turn, results in void rental spaces over a long time. The best move here will be to pursue short-term finance like bridging loans to get things in order and put the house back into action.

Why you should Remodel

Not only does renovating increase the appeal of your property, but it also attracts occupants who'd likely take good care of your building and are willing to match the value in rental payment.

Remodeling is also a no-brainer for accidental landlords who originally didn't plan on turning their homes into rental properties. In this case, it's necessary to make the home not just more attractive, but conducive for the category of people the house is to be let out to.

The answer to the question of if you should renovate shouldn't be compromised due to troubling prospects, rather you can get around things by having a clear budget and consulting your estate agent before lifting a brush.

Key places to spruce up

When a tenant moves out after many years, and there's a space in your house again, you have to prepare for the next set of occupants. Sometimes, the regular clean-up and repaint work doesn't cut it; updating spec and space could just be what you need to land ideal tenants. Here is several key areas that catch the eye of tenants:

Retouch the kitchen

In most apartments, kitchens are natural extensions of the living room and important venues for many social occasions. It's no wonder they come under extra scrutiny during viewings.

When remodeling the kitchen; avoid wooden worktops and go for composite stone or stainless steel which are heat- and stain-resistant; use contemporary taps and handles; dump painted walls, use tiled ones instead; extend the space to complement the living room if possible; and use modern facilities.

New Flooring

Nothing turns off prospective tenants like old carpeting and scuffed floors. Despite how clean they are, they are more repelling than they are appealing.

Install new wood floors or low-maintenance tiles and your house will take on an attractive, modern look.

Better Lighting

Home lighting has grown to be a huge selling point nowadays. A bright home will always look more inviting and draw the attention of new tenants. So, do away with dim globes and old fixtures, and install more modern light fittings. Add long-life and high-power LED globes. Over-counter lighting for bathrooms and kitchens are also welcome developments.

Bathrooms

A bad or not-so-modern bathroom can seriously damage the appeal of your apartments. So make sure to go with amenities that please the eye, and are top quality.

Go for tiled walls instead of the painted variety; larger accessories with extra counter space; modern showerheads, taps, and handles; large mirrors; and bright lighting.

Conclusion

While renovations are great for maximizing rent revenue, you do not want to go out on a limb and spend more than you can regain from rents. Put the area of your property, who you're renting to, and other factors into consideration before embarking on remodeling. But overall, you do not want to put an ancient building up for rent in the 21st century.

Latest Articles

Considerations for Immediate Roofing Maintenance

One of the best ways to keep your house safe from the weather is to get frequent roof inspections and properly maintain your roof. When your roof...

on Dec 1, 2022

Budget Home Makeover Tips

With the current state of the economy, many of us are tightening our belts and diverting our discretionary income elsewhere. But just because you...

on Oct 26, 2022

Real Estate Investment for the Next Generation

Investing in real estate is something that people have been doing for a long time. Most people invest in a home, so they can stay at the home. This...

on Oct 18, 2022

5 Ways to Update Your Kitchen

You finally did it! You bought your dream house, and you are ready to make the most of it. The only issue is your kitchen situation- the backsplash...

on Oct 15, 2022

6 Safety Tips That Are a Must During Construction

Infrastructure is a vital part of an economy, which is why construction work is integral to any flourishing society. Despite its importance, it is...

on Oct 15, 2022

Sponsored Articles

Actions

More DIY Articles

Save Money This Winter by Rearranging Your Furniture

There are several ways you can save money on your electricity bill this winter. Some are obvious, such as scheduling maintenance, changing filters,...

HVAC / Air Conditioning

Wood Burning Stoves or Fireplaces, You Decide

Most people who want to burn wood in their living room to ward off the cold usually face a conundrum, whether to go for a fireplace or to opt for...

HVAC / Air Conditioning

How to Find Problems in Your Chimney’s Masonry

Masonry issues are common problems with chimneys, and experts repair these issues quite often. Fortunately, it does not take a professional to spot...

Roofing / Gutters

5 Home Improvement Tips for Aging in Place

Are you getting older, but do not want to move out of the comfort of your own home? Well, no one can blame you- staying in the house you are...

Improvements / Remodeling

Metallic Finishes and Accents

It can sometimes be hard to achieve a fresh and stylish décor in your home that oozes elegance and sophistication but stays far away from clinical...

Interior Design / Decor

Contact Us | Submit Article | 411homerepair © 2022