It shouldn’t matter whether you have a single room to rent out or a whole portfolio of real estate – you have to obtain a good return on your investment regardless of what you possess. That’s when the question of ‘how to increase the rental value of a property?’ arises and that answer to that query is pretty simple – provide value to your tenants.
As a landlord, if you can offer your tenants a comfortable, beautiful, and functional place to stay, then there’s no doubt that the tenants will be willing to meet your rental asking price. The following are some of the significant methods that you can utilize to enhance the rental value of your property.
Methods To Follow When Increasing The Rental Value Of Your Property
- Ensure That Your Property Looks Great
According to a professional service provider for bathroom tiling in Auckland, you have to always attract good tenants for your property. And to attract good tenants, you have to ensure that your property looks great both on the exterior as well as the interior. Good tenants want to live inside nicer homes and they will be prepped to pay more if they get a better privilege.
Furthermore, if your tenants are happy, then they’ll stay longer than the usual contracted time, which means that you’ll have peace of mind since you don’t have to look for an alternative tenant anymore.
There are many ways you can make your property look attractive. For instance, you can proceed to alter the tiles inside the bathroom & kitchen. If your kitchen and bathroom tiles look shabby, old and dated, then your property will be devalued. Moreover, having a kitchen or bathroom with new tiles will make your property look more modern and thereby give it an upmarket feel. As a result, you can even increase your rent prices.
- Ensure That Your Property Is Structurally Sound
If you have cracks on the walls, mould growth, dampness, rusting radiators and things like that inside your property, then you simply cannot attract the right kind of tenant. At least, your property should be in the ideal order and there shouldn’t be any major flaws – either on the interiors or the exteriors.
Thus, don’t be afraid to make the necessary repairs and replacements as required to make your property look & feel strong to the incoming tenants. For instance, there shouldn’t be any peeling paint, no gaps in between the doors & windows to let outside cold or hot air enter or issues in the home’s plumbing system. Only when you can showcase your property in an improved state, then only you can charge more rental prices from the tenant.
Thus, if you’re looking for professional bathroom tiling services in Auckland, don’t forget to contact our specialists at any time.