Getting a premium return on your property is priority number one – so how can you achieve this? The needs of the rental market will vary depending on the location and type of property you are offering, however there are some key features that will enable you to achieve higher rental prices for your property and secure your renters for longer periods.
There are several things that renters will want, such as a home office, a bathtub, or a second toilet or bathroom. Not all of these are immediately achievable however without extensive renovations. Luckily, the most coveted features for a rental property can be relatively easily installed. Built-in wardrobes are high on the wish list for many renters as storage units for clothes, linen, towels and general household bits and pieces are essential but also not furniture that is commonly bought. If space is available, a simple installation of a flat pack wardrobe is an easy solution. With fluctuating weather conditions across the country, a split heating cooling system can also be a make-or-break decider for many renters. Depending on the property layout, installing a dishwasher can also improve the overall value of the property, giving it a more premium positioning. Improving the features of your rental property will not only improve its value, but will also unlock access for you to a broader range of better-quality, longer lasting tenancies.
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