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Renovate your rental property

22 Nov 13

If you're the owner, landlord or property manager of a home rented out to tenants, it might be time to think about investing in some renovations to keep the property in top condition.

If you're still in the process of deciding whether to rent out your property, consult the experts at REISA for quality real estate advice to help you on the way.

No matter what your budget is, there are plenty of ways to make your property attractive to tenants.

Heating

Consider installing insulation in your home to help keep it cooler in summer and warmer in winter. This will cut down on your tenants' heating costs and make it much more appealing to renters looking for a warm, comfortable home to live in.

Start with installing good quality insulation in the ceiling, before moving to the floor then the walls and windows. Make sure you block any draughts to ensure it's effective.

Decor

A fresh look of paint can instantly transform any space and give it a new lease on life. Avoid going for anything too bright or patterned as it may turn away some renters with discerning taste. Neutrals like white, cream and grey are safe bets as they allow tenants to add their own personal touches to make the house feel like home.

If you do want to add a splash of colour, consider a feature wall in a contrasting hue to the rest of the house.

Home office

Consider converting the spare single bedroom into a study or home office space. Add a built-in bookshelf and you might find you receive interest from a whole new pool of tenants looking for a house with space to work from home.

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