Increase the Value of Your Rental Property Today

Author
YNM Real Estate
Date
18 December 2021
Category
News

Your investment property is just that - an investment. So how can you make your investment grow?

Here are some general rules to follow to increase the value of your investment property.

Quick fix

Did you know that you can easily add value to your property by keeping it modern and fresh? Quick fixes that can help do that include updating fittings and fixtures such as door handles, lights and cupboard handles, installing new blinds or giving your property a fresh coat of paint. These are all quick and inexpensive ways to freshen up your property and make it more appealing - and they are all budget friendly!

Invest money where it counts

If you are keen on investing money into your property then make sure to spend it wisely! Adding investment back into your property is a great way to increase the value of your property but you should always invest where it will add the most value. Features that will make your property more attractive include renovated kitchens and bathrooms, installing heating and cooling, investing in great built in storage such as wardrobes or storage sheds - or even installing solar panels to decrease overall power bills.

Keep up with maintenance

Poor maintenance is a common complaint of tenants - but it can also decrease the value of your property! Keeping up with the general maintenance of your investment property is crucial to maintaining and increasing the overall value. And tenants won’t always tell you when something needs to be repaired - regular inspections to make sure all is in good condition is a great way to keep on top of the maintenance.

Get great tenants

We all know it - great tenants look after their home, rental or not. Make sure that you find great tenants to rent your property - it's not as easy as it sounds though! A property manager is the best way to go about this task - from background checks to calling previous landlords, they will ensure all bases have been covered.

Invest in property management

Property management is a great way to keep your property in tip top shape - our property managers are on hand to handle any issues that may arise as well as to ensure regular maintenance checks are carried out. Investment properties can take time to look after properly - but they also require expertise to know what to follow through with.

Have patience

Any sort of capital growth takes time - it's a long term game and it’s important to have patience.

Need help with property management services in Sydney? Give us a call today!

YNM Pty Ltd T/AS YNM Real Estate © 2020

ABN 99 605 376 449

Corp Licence Number 10034936

Authorised Credit Representative Number 478307

1300 588 855
1300 552 782
4/221-233 O'Riordan Street, Mascot NSW 2020
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