Adding to the property – While renovating can have its advantages, you may just want to consider upgrading appliances or fixtures. This can not only attract a tenant willing to pay a higher rental price but can also justify a rental increase to the property’s current tenant.
These items can include security fly screens, air conditioning units, dishwashers or other white goods and can make a difference to the quality of life of the tenant. Simply by getting your Property Manager to survey your current tenants with what they believe they need, to make living in the property easier, is often a good indication of what they would pay more for.
Here at The Rental Experts we would even go so far as to say, consider spending a night in your rental property, prior to advertising for new tenants, to determine what the home might need to ensure a more comfortable stay for the next occupants.
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