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5 Creative Services and Renovations for Rental Properties

 home-renovation

The current rental market in Australia is crowded saturated and proves to be challenging for homeowners trying to fill their properties. To differentiate yourself and stand out from the competition, it's essential to offer the best rental services and amenities to attract new tenants and retain existing ones. Offering the best creative services is a crucial factor for marketing your rental property to customers.

Property depreciation is one of the major reasons why many residential properties in Australia are left vacant each year. We've put together the top five creative services and renovations that will help secure and retain tenants.

1. Create curb appeal

If the outside of your property fails to make a first impression, potential renters may not even try to look inside. Consider replacing the exterior paint if the existing colour is in poor condition.

Repair any cracks in the pathway leading to the entry way and consider decorating the front door with a mat and some greenery. Moreover, your front yard should try to to include green plants or seasonal flowers. A well maintained yard makes a great first impression on visitors and forces them to take a look at the rental property at least once.

 

2. Fix the floors

Nothing can create a worse impression on potential tenants than broken floor materials or unclean floor tiles. That does not mean you should replace the entire flooring, but you must ensure that the rug is updated and clean. If you have an outdated floor, consider replacing it with the modern floor tiles or carpet flooring. If you already have the latest flooring, make sure it is clean and clear of any clutter.  Contemporary flooring is one of the best renovation additions that add value in a rental property.

 


3. Build and extend

Building and extending are the best rental friendly upgrades for your property. Whether it is making a generous bathroom or removing a wall to open up the space, small renovations and upgrades to a property is worthwhile. Adding another guest room or an extra bathroom can add serious value. If it’s possible, try and provide some parking space!

 


4. Surfaces

While renovating your apartment, surfaces should not be ignored as visitors notice them in the first glance. Update all the surfaces in the living room, dining room, bedrooms, and kitchen. Try to find inexpensive materials which you can replace at any time. For example, a vinyl adhesive roll is one of the best decorating ideas for small spaces such as apartments and can transform an old cupboard or an ugly bench top within minutes.

 

5. Fixtures overhaul

Broken fixtures can be the reason for your rental property depreciation. Check all the accessories in the house and upgrade them if they don't look good or work correctly. Update the light fittings; door handles, locks, taps and shower heads. Make sure that all the fixtures in the apartments for rent are in working condition.

Renovating your old house is a part of the managing your rental property before you have tenants living in it. Use your creative mind to make small upgrades so that prospective tenants choose to live there. 

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Jon Stul

Written by Jon Stul

Having spent over 12 years in the real estate industry covering all facets from residential through to commercial, established and off plan properties and sub-divisions, he has an in depth knowledge of the industry. Stepping out of the industry four years ago and moving interstate to expand a frozen yoghurt chain that has gone from 1 to 4 stores in the time he has been involved. This was recently sold to Made Group. Real estate has always been in his blood and it was a natural fit to start Bricks + Agent given the amount of insight he has into the industry as a whole. Having seen how all different forms of traditional marketing was used to the direction that it is now heading today, we think we have come up with a truly unique proposition that fits into the current state of the property maintenance market.