Knowing the right lighting to have in your investment property, can help maximise the returns on your property and will impact on your ability to increase rent and the property value.
In Australia, new hardwired light fittings are tax deductible under capital works’ deductions.
Here are
several options when considering the best types of lighting to install:
· LED’s
LED’s are
one of the most energy efficient options, so they are both beneficial for you
and the tenant.
They range
from $10 to over $500 depending on the style and once they are installed the
tenant is unlikely to need to replace them, as they have several years of life
in them.
· Incandescent bulbs
Incandescent
bulbs are more common than LED and the least expensive, not taking into account
the lifespan.
Usually you
get between 700 to 1000 hours use, which means the tenant will have to change
them regularly.
Incandescent
bulbs are likely to add value to your property but rather are a functional form
of illumination.
· Halogen bulbs
Slightly
more energy efficient than incandescent bulbs, they can be adjusted with a
dimmer.
Halogen
bulbs are prone to exploding and are not necessarily the safest alternative.
· Fluorescents- Fluorescent lighting is quite harsh and not dimmable,
although they do last longer than incandescent. These lights are better for workshops and basements and not
really suited to your investment property.
· Compact Fluorescent bulbs
CFLs are
similar to fluorescent illumination as they produce harsh blue and white light.
They are an
inexpensive option as they have a lifespan 10 times of incandescent bulbs.
· Light fittings
Changing lights is inexpensive however changing from
incandescent to LED will require an electrician.
Overall LEDs offer
the more practical and flexible option for your investment property.
If you want to save even more
money by using RealRenta to manage your investments, use RealRenta
for Free for up to 2 Months and stop handing your profit over to a Property
Manager immediately!!
Start your free trial here- https://app.realrenta.com/Signup.aspx
Jason Gwerder
Friday, 6 September 2019
