1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar




Property News

Improving your rental property may be wise investment

January 31, 2012

Landlords can reap rewards by carrying out minor improvements to their rental property. In doing so increasing their property’s value and adding greater appeal which in turn attracts better quality tenants and higher rental returns.

Not all improvements to investment properties need to be costly.

 


There are some small and inexpensive improvements that can make a huge difference to the appearance of your rental property and help it stand out.


Externally, it could be something as simple as ensuring that lawns are mowed and garden beds are neat and that paths and driveways are clean. Older properties may need new carpets, a fresh coat of paint, new guttering or possibly roof repairs.


Landlords need to ensure the quality of all work carried out is good, as inferior work can easily detract from the value of a property. By law, certain tasks must be done bay qualified tradesperson.


Where the budget allows, updating old kitchens and bathrooms with new appliances, or installing an air conditioning can also provide added value to an investment property.


It is important for landlords to do their sums and work out if the potential return is likely to justify the cost of the renovations. Remember also that tax benefits such as depreciation allowances on improvements often make the initial investment in renovations worthwhile.

Latest Articles

How to manage when your rental home is for sale

From the owner’s perspective, selling a property is incredibly difficult at the best of times ...
read more

Can’t wait to jump into your new rental but have you forgotten anything?

Securing a rental property involves a standard process. Follow the tips below to make sure ...
read more

Protect your homes from burglars this Christmas

As the congested highways and busy airports around Australia will prove later this month, the ...
read more

Upper end property on the move

A combination of improving company profits, stronger equity markets and larger dividend payouts has ...
read more

Are you seeking new tenants for the new year?

Often, property owners will have to make amendments to their rental investment in order to attract ...
read more

LJ Hooker's groudbreaking framework takes out top sustainability award

LJ Hooker has affirmed its leading influence in the sustainability industry taking out the top ...
read more