Giving your investment property a cosmetic refresh doesn’t always have to cost an arm and a leg, and there are many small things you can do that will make a big difference to the look of your property. Investing a little in these renovations may go a long way in attracting and retaining good tenants.
Here are some easy tips for giving your property a facelift for under $1000:
A quick paint job
One of the easiest ways to brighten up your property is to give it a quick paint job. This can be completed in a relatively short space of time and without the need for professional help in many instances.
A fresh coat of paint can enhance the appeal of the property, giving an impression of a place that is well looked after. You can give your drab and lived-in walls a new life with a new hue.
Adding some greenery
A great fuss-free way to give your rental property a little aesthetic boost is to add some potted colour or plant life.
Purchasing turf or bark chips to touch up patchy gardens are also relatively inexpensive investments that can give a lush impression.
Fix up your front entrance
First impressions count, and making your rental property’s front entrance look inviting is a key to attracting tenants.
Simple things such as repainting the front door or replacing it with new hardware (for example the door handle), can easily enhance the exterior look of your property.
Consider adding a big welcome mat and some lighting to the entrance to help illuminate the walkway.
Install new curtains on your windows for a cheap and easy update to your rental property. Avoid busy patterns and loud hues to ensure that they’ll be appropriate for many tenants to come. Try to pick neutral colours and materials that match the existing décor of your home.
Hanging up new mirrors around the house can give the impression of a bigger space. It can help add more light to your rental property and make rooms in your home seem brighter through reflection.
The features you never really think about in your property can be something potential tenants pick on immediately during inspections. If your rental property has dated fittings such as stair runners, shower curtains, shower nozzles or tap heads, consider replacing them with more modern versions. Try to follow a theme as you go so that it’s consistent throughout the property and doesn’t seem like it’s been thrown together haphazardly.