Original source: Inspiration
Landlords Should Spring To Life With Rental Property Improvements
As the days start to get longer and the weather gets warmer, spring is the perfect time for London landlords to give their rental properties a refresh. With competition in the rental market increasing, it's more important than ever for landlords to ensure their properties are well-maintained and appealing to potential tenants. By making some simple, cost-effective improvements to their rental properties this spring, landlords can attract high-quality tenants and improve their rental yields.
As a property management specialist in London, here are some actionable tips for landlords looking to improve their rental accommodation in spring:
Improve the kerb appeal: First impressions matter, so make sure the exterior of the property is in good condition. This could include repainting the front door, adding some potted plants, and ensuring the front garden is well-maintained.
Clean and declutter: Give the property a deep clean and remove any clutter. This will make it feel more spacious and inviting to potential tenants.
Repaint walls and ceilings: A fresh coat of paint can do wonders for a property. Stick to neutral colours to appeal to a wider range of tenants.
Upgrade lighting: Good lighting can make a property feel brighter and more welcoming. Consider installing LED bulbs or adding lamps to dimly lit rooms.
Replace old carpets or flooring: If the carpets or flooring are looking tired, consider replacing them. This can make a big difference to the overall look and feel of the property.
Update appliances: If the appliances in the property are old or outdated, consider upgrading them. This could include replacing the fridge, stove, and washing machine.
Improve storage: Tenants are always looking for ample storage space. Consider adding some shelving or built-in wardrobes to improve storage options.
Enhance the bathroom: Consider updating the bathroom with a new shower curtain, towel rack, and bath mat. Add some plants to make the space feel more spa-like.
Consider outdoor space: If the property has a balcony or garden, make sure it is well-maintained. Consider adding some outdoor furniture to make the space more usable for tenants.
Install smart home technology: Smart home technology can make a property feel more modern and appealing to tenants. Consider installing a smart thermostat or smart locks to improve the property's tech capabilities.
By implementing these tips, landlords can make their rental accommodation more appealing to potential tenants and increase the chances of finding great tenants quickly.
Think about the tenant
You should also consider the needs of your tenant, and what extra things you can offer which makes your property more appealing. If your tenant uses a bike, investing in a secure bike storage unit will make your property a great fit for them. Alternatively, if you think prospective tenants are likely to use an electric car, look into installing an electric car charging point at the property, as this might be a massive factor in appealing to prospective tenants.
What tenants need or expect from rental property is constantly evolving. By updating the property to meet these changing needs, you’ll make the house more appealing. Given there is no more appropriate time of the year for change than Spring, this is the ideal point to make these changes that improve the attractiveness of your rental accommodation.
Contact ML Estates to better manage your rental property
At ML Estates, we are keen to help you manage your property, and we offer a wide range of services. We can arrange a property valuation for you, and we can help you connect with tenants. If you’re a North West London landlord looking to let property, contact us today for more information about our property management services. Call ML Estates on 020 7328 4444 to discuss your requirements.
Source Inspiration
