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Empty house advantage

On Apr 01 2013


Two things make a landlord happy - a good return on their investment via capital gains or increased ...

Two things make a landlord happy - a good return on their investment via capital gains or increased rent.


An untenanted property generally makes them very unhappy.

However, this time can be used well to maintain or refurbish the property to then attract a new, higher paying tenant.

Property improvements include:

  Garden – mow, weed, prune and remove all rubbish
  Replace dated cupboard handles in the kitchen and bathroom
  Update window and floor furnishings
  Apply fresh paint inside and outside as well as worn cabinetry
  Replace old white goods with stainless steel appliances
  Install air-conditioning, ducted heating, dishwashers and built-ins if needed
  Install an internal laundry behind bi-fold doors to avoid unit laundry sharing
  Add a carport, ensuite or extra bedroom to boost appeal and value
  Install security features, such as door deadlocks and security screens
  Fence your property for visual appeal, functionality and safety.
 

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