Owners of rental properties should understand the importance of adding value to their rental property. This doesn’t necessarily require major renovations or expensive upgrades. It can be achieved with some well-thought-out additions and a bit of Kiwi ingenuity. Here are five tips to add value to your NZ rental property:
Keep it well-maintained
Most tenants are flexible with what features they require in a home or the layout of the property, but one thing they demand is a rental property in good condition. Regular maintenance is crucial to keep your rental property in good condition. Neglecting maintenance can lead to more costly repairs in the long run. Simple tasks such as fixing leaky taps, cleaning gutters, and repainting walls can go a long way in keeping your rental property in top shape. After all, first impressions are key when potential tenants enter a house.
Enhance curb appeal
Speaking of first impressions, the exterior of your rental property is the first thing tenants will see. Enhance your rental property's curb appeal by keeping the garden tidy, cleaning the driveway and paths, and adding some potted plants or flowers. A well-maintained exterior can make your rental property more attractive to potential tenants. They need to be able to imagine themselves living on the property and will think about what their friends, family and neighbours think.
Offer modern amenities
Modern amenities can increase your rental property's appeal to tenants. Consider upgrading old appliances such as dishwashers, ovens and stovetops. With Healthy Homes, you’ll need to supply a heat pump, or heater. These upgrades can make your rental property more comfortable for tenants, and they may be willing to pay more for these conveniences. Having a rental property that requires minimal effort to make it truly liveable will be attractive to potential tenants.
Invest in security features
Security is a top concern for tenants, so investing in security features such as alarm systems can make your rental property more appealing. These features can also provide peace of mind for both you and your tenants. Protect your property and add value simultaneously.
Rental Property Management Services
To grow your wealth and protect your investment, arrange a free rental appraisal from The Rent Shop. Our experienced team offers a comprehensive range of services, including everything from full Property Management to tenant selection.
Make life easier with The Rent Shop. Get in touch with us today.
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