Before you do, have a you considered making a few simple changes to add value and marketability?
This does not need to involve months and a massive outlay. Some of the simplest projects that take just a few minutes can make a huge difference. So, to help you, here are some top tips:
Start with the basics
First and foremost, make sure it’s clean and tidy inside and out. First impressions really do count and untidy entrance or overgrown garden can put prospective tenants off before they even get inside the property.
Clean and fresh and smelling fresh is key to a finding a good tenant too. So get rid off marks and scuffs and unwanted smells.
It is key that you are your worst critic…Does the paintwork look shabby? Are the carpets worn? Are any of the furniture or appliances damaged? You want the property to look cared for. Small changes like that can instantly make the property more appealing. And, also give a prospective tenant confidence that you will be a good landlord too.
3 bed home, Manuden, Nr Bishop's Stortford
Long term let
If you want to get an even better return, consider changes that will transform the property.
For example, if carpets or flooring is worn, consider changing it for a contemporary laminate wooded floor that immediately gives the property modern feel.
Also are the windows worn, draughty or difficult to open. A big outlay, but in the long term if for example they are single glazed or very old double-glazed units new ones will add value to the property and give cost savings to tenants on energy bills. Also look to replacing old curtains or blinds which comparatively a relatively small outlay for a great impact.
Lighting can also transform the appearance and ambience. Replacing old light fittings with contemporary designs in the main living rooms and improving light levels in the key task areas will make a great difference.
New kitchens and bathrooms are generally the biggest outlay but if yours is dated and tired then this will always add a great long term return.
Outside, is there enough parking? If not, can some be added. Also check that everything is neat and tidy.
Making changes like these can transform a rental property. They should help you to attract good tenants who are willing to pay more for a higher standard of accommodation and that can give you a good long-term return on your investment in upgrading.
2 bed flat, Bishop's Stortford
Long term let
Wardsmith & co. can help with your upgrade
Whether you are a landlord or homeowner, you have a lot of options for upgrading your property to add value. The route you choose will depend on your budget and the return you believe will result.
Wardsmith & co. can advise on the prices or rent levels that the types of property you plan could achieve. We also have a team of professional tradespeople who can help you with your project.
We’re proud to be able to offer this service to local residents even if you are not an existing client. All of our tradesmen are vetted and insured.
If you would like to find out more about this service, or would like to arrange a FREE property valuation then please give us a call on 01279 510300