Property additions your renters will love
It’s no secret the rental market has been pretty competitive in recent times. But as a property owner that doesn’t mean you should rest on your laurels when it comes to creating a residence that attracts great renters and encourages them to stay long-term.
So what improvements could you make to your property to add value and create an inviting home that renters will be willing to pay for and stay to enjoy?
Here are five property additions your renters will love…
Outdoor entertaining areas
Regardless of whether the property is in Balgowlah, Brisbane or Balwyn North, Australia is a nation of outdoor entertainers.
We just love to kick back with family and friends relishing the great outdoors in our own familiar surroundings. That makes outdoor entertaining areas an addition most renters love and many actively seek when looking for a property to call home.
If your rental doesn’t have an outdoor entertaining area, it’s worth considering adding one, whether it’s a paved courtyard, a covered patio, or a backyard deck.
Energy efficiency
We all know the cost of living is biting pretty badly at the moment, which makes energy efficient properties something renters truly value.
Consider how energy efficient your rental is and look for ways that can be upgraded – whether it’s solar panels, insulation, water saving devices, or passive heating and cooling.
Storage
‘This property has too much storage’, said pretty much no-one ever.
When updating your rental, take an audit of how much storage the property has and consider whether it might benefit from more in the form of built-in cupboards, freestanding cupboards, garden sheds and more.
Temperature control
There’s nothing worse than living in a property that’s too cold in the winter and too warm in the summer, and for some renters a lack of temperature control is a deal breaker.
Importantly, temperature control doesn’t just involve installing a heater or air conditioner, it could include:
- Ducted heating and cooling
- Additional fans
- The addition of a reverse cycle air conditioner
- Improved insulation
- Exterior and/or interior blinds
- Ventilation
- Shade planting in the garden
- The installation of shade sails
A freshen up
Regardless of how new a rental property might be, it will benefit from a freshen up every now and then so it retains its appeal and value.
This might include:
- Repainting the interior
- Repainting decks and wooden exteriors
- A gutter clean and garden trim
- New curtains and blinds
- New flooring
- A kitchen or bathroom revamp
- New cupboard, drawer, and door handles
- New kitchen and bathroom fittings
How we can help
Our experienced property managers pride themselves on establishing great relationships with both rental occupiers and owners.
We manage every property as if it were our own and you can learn more about our property management services here.
Alternatively, if you are looking to rent a property, you can view the properties we currently have available here.
