6 ways to add value to your property
It’s no easy feat letting out a property. Property management in itself is a time-swallowing task, but it becomes a lot easier with a letting agent who you trust at your side. If, however, you’re looking for some guidance as to how to prepare your property for lettings, read on.
1. Make sure the kitchen shines
The kitchen is the undisputed heart of most homes. It’s where we prepare food, eat, converse and socialise. The party ends in the kitchen. So if you’re about to rent out your property, make sure the kitchen is as appealing as it can be. From changing the worktops to installing lights over food preparation areas, make sure the kitchen functions well.
2. Make the driveway/entrance presentable
The term ‘wow factor’ is used a lot, but something along these lines is needed if your prospective tenants are to be interested in the property. Make sure the front of the property looks appealing. Make sure the driveway is in good condition, replace the outside light if it no longer works, and if the front door could do with a lick of paint, get painting. A little effort will doubtless go a long way.
3. Spruce up the bathroom
After the kitchen, the bathroom is generally the most important room. Opt for a neutral colour on the walls so that the room appeals to most people, and try and make the room appear as uncluttered as possible. If you want to improve the look of the room but don’t want to spend a lot, try replacing the taps or add the odd stylish feature.
4. Fix what needs fixing
Prospective tenants will be put off if there are any structural problems or other issues, such as an unpredictable boiler, a poor shower, or structural cracks to walls.
5. Find cosmetic solutions
Is there a window that’s damaged? Perhaps a door doesn’t close properly? Or perhaps the bath needs resealing or the walls repainting? Any structural issues should be dealt with, but if the property is structurally sound, make sure any cosmetic issues are also dealt with – and they can often be done for minimum outlay.
6. Make the garden look loved
If the property has a garden of any size, make the most of it. Make sure it’s as weed-free as possible, brush any hard landscaped areas, and make sure any lawn areas of flower-beds are neat and tidy. If the garden area is somewhat neglected, you could even look about installing a patio or decking to allow for outdoor entertaining.
Larger gardens are becoming less popular, but for the wide majority of landlords and homeowners in London, a large garden isn’t something they have to manage as there just isn’t the space in such an urbanised city, not to mention the fact that land is at a premium. But even the smallest outdoor space needs to look inviting and cared for – and could make a great deal of difference.