As a landlord, you may have a hard time adding value to your property and attracting tenants. Fortunately, there are several ways you can do to boost the functionality of your place and make it more appealing to the eyes of your potential renters. Here are some property improvement tips you can take advantage of to secure a better rent return:
Kitchens and bathrooms are some of the most crucial features of a property. If these parts of your place are outdated, tenants are most likely to look for another room or establishment with a more functional and attractive kitchen and bathroom.
Boost the value of your rental property by giving your kitchen and bathroom an upgrade. Some simple improvements you may consider are replacing the appliances, updating the handles, replacing or painting over stained tiles, painting the cabinets, and more. You may do all of these on your own or hire professionals to ensure the quality of work and make sure that you will attain your ideal look. For further assistance, you can always reach out to our experienced rental agents in Ottawa to increase your rental yield and get the best bang for your buck.
Never underestimate the power of a fresh coat of paint. By painting the interiors and exteriors of your rental property, you can easily spruce up your place and give your prospective tenants a refreshing and modern atmosphere. Painting your property is particularly helpful if your establishment is old or appears dilapidated.
To create a bright and airy vibe and make your space look and feel big, it is best to stick to light or neutral colours. Work with a reputable property management company to ensure the success of your property improvement project.
The existence of healthy and colourful flowers and plants in your rental property can be a deciding factor for your potential tenants. To make your rental property more attractive and look and feel more like a home, add some low maintenance gardens to your place. These will definitely put a smile on the faces of your renters and help them keep relaxed and refreshed.
Providing your tenants with optimal comfort should be your number one priority. One of the best ways to achieve this is by installing high-quality air conditioning systems and ceiling fans to your rental property. Make sure to pick the type that uses minimal energy to cut down your energy costs and choose the right size for your space.
Conclusion
Managing a rental property can be an excellent source of extra income if you learn how to increase your rental yield. Follow the mentioned tips above and work with a property manager to ensure the success of your investment.
If you need assistance from a reliable company that specializes in property management in Ottawa, then you have come to the right place. Contact us to learn more about our services!
