Investment property owners often get cold feet when it comes to renovations.
The value in investing in improvements is difficult to measure and organising the work can be daunting. However, there are a number of effective improvements that investors can make, with little effort and at a minimal cost.
Don’t underestimate the value in improving the aesthetic appeal of a property and how that translates into higher rental returns for rental providers when new renters are brought in.
A splash of paint
A fresh coat of paint never goes astray but have you considered a bright colour over neutrals? Something cheerful and contemporary can transform a room.
Have a look at the Revive colour palette in the Dulux Colour Forecast for inspiration.
2022 Dulux Colour Forecast is Set to Inspire
Photo: Dulux Revive Colour Palette 2023
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Modern floor coverings
Replacing carpet can be costly and it is also prone to staining and greater wear and tear. Choosing timber or laminate options instead can bring your property forward a few decades and modernise it to attract a younger rental market.
Clean and simple blinds
A poorly chosen pattern or colour of fabric can date a property very quickly. Similarly, curtains that are not fitted properly or poorly hung can look cheap. Consider some simple slim line blinds instead as a neutral window covering and cost-effective, low-maintenance solution.
For further tips and suggestions on ways to improve your investment property please contact our experienced and friendly property management team who are always happy to assist with your queries.
