Renovating Before Renting: A Landlord’s Checklist
So it’s time to rent out your investment property, but it’s not looking up to scratch? There are many simple renovation projects you can undertake to refresh your rental property and get those tenants knocking. That’s why we’ve put together this renovation checklist for landlords!
From new aluminium doors to kitchen cupboard installation, read on for eight simple ideas to get your rental reno off the ground!
1. Install New Kitchen Cupboards
Rather than simply painting your existing cupboards, which will require sanding back and priming the material, an entirely new storage space is a more efficient use of funds, and will bring your kitchen in line with popular trends in the leasing market.
Install new kitchen cupboards to:
2. Create A Feature Wall
You can easily create a feature wall by painting the focal point of the room with a color which contrasts with your existing design scheme. This will draw the attention of potential tenants, and liven the room with an improved atmosphere.
Choose the following schemes for the best results:
3. Replace Front and Back Doors
Never treat doors as mere entry and exit points. Doors create opportunities for experiences and interaction between the rooms of your home. If you’re looking for a renovation project to improve utility and add value to your home, consider replacing your front or back doors to woo these types of tenants:
4. Upgrade Built-In Wardrobes
Fitting out your bedrooms with built-in wardrobes is an excellent selling point for potential tenants. A built-in increases the utility of the bedroom, offering more space than a free-standing robe. You’ll also save the tenant the trouble of transporting or purchasing a standalone furnishing, which is a favourable advantage in comparison to properties without built-ins.
To wow tenants, ensure your built-in has:
5. Patch Up Holes and Scrapes
If a tenant spots a hole or scrape during their inspection they’ll question the value of your property, and your efficiency as a landlord. Take a walk through the house or apartment and identify any holes and scrapes that need to be patched up, then follow-up by adding it to your renovation plan.
Prioritise the following rooms when fixing holes and spaces:
6. Improve Natural Lighting With New Windows
Natural lighting is the most efficient way to light a home during the day-time. A rental property with sufficient natural light will appeal to tenants because it will save them some energy dollars on their electricity bill (no one wants to turn the lights on while the sun is shining!).
Improve natural lighting and overall room functionality in different rooms with these aluminium windows:
7. Clean Carpets and Blinds
Before opening the property to potential tenants you should have all carpets and blinds professionally cleaned. There are many health conditions that can be aggravated by exposure to excess dust, such as asthma and pollen allergies. Tenants with children will also not look favourably upon unclean soft furnishings.
8. Secure With Locks or an Alarm System
Security is an item all tenants will be seeking, particularly those with children and pets. Ensure all doors are fitted with functioning locks, and that garden gates can be tightly secured. You may want to update your locks if they’re outdated or difficult to use, and consider installing an alarm system to make your property appeal to the security buffs of the rental market.
Start Your Reno!
With your checklist in hand you’re ready to start renovating and get that rental property up to speed! Prioritise based on the needs of your property and what’s trending in the rental market for your suburb to achieve the best results with your renovation project, and woo those tenants when they arrive for their inspection!
If you’d like any more advice regarding renovating before renting, get in touch with the team at JK to chat about how installing new aluminium doors or windows can add value to your rental property.