An upgrade may improve tenant appeal, but it does not guarantee an immediate rent increase or repayment of its cost.
Compare cost with likely benefit
Obtain evidence from comparable leased properties and allow for downtime, installation and future maintenance. Durable flooring, useful storage or an efficient appliance may solve a practical problem more economically than a complete remodel. Address required repairs before optional improvements.
Check consent and compliance
Use qualified people for electrical and other regulated work. Cameras require careful consideration of tenant privacy, neighbours and their field of view. Rent reviews must follow NSW requirements, including applicable frequency limits and notice; new equipment does not create an automatic right to raise rent immediately.
