Innovative solutions to secure higher rents for landlords.

Rather than just sitting and waiting for the market to go up, why not make simple improvements to your properties that will have your tenants happily paying more rent.

The right sort of improvements can easily pay for themselves in a couple of years through depreciation, increased rent and fewer vacancies.

Here arenine relatively simple thingsyou can do to your property that tenants will happily pay a bit extra for.

1. Install air-conditioning

This is always high on the list for tenants in sunny places, especially when summer is approaching.

2. Add a dishwasher

Nobody likes doing the dishes, so tenants will often pay a bit more for the convenience of a dishwasher.

3. Cover for tenants cars

Most people greatly value their cars, so providing a simple shade sail or carport structure can make your property more valuable in the eyes of potential tenants.

4. Provide extra security

Every rental property must have certain security features like door and window locks, but providing extra things like sensor lighting and security screens can help increase the rent you can charge.

5. Allow pets

Given how many people own, or want to own, a pet, opening your rental property to pet owners can help increase your returns by widening your pool of potential tenants.

6. Do a quick paint job

While not as easy as some of the other items on this list, a new paint job can do wonders for the appeal of a property and even increase its value.

7. Tart up the outdoors

Tenants tend to value useable and attractive outdoor space, so if you can create some without too much trouble it can pay off financially.

8. Install new carpets

There’s something about new carpets that everyone loves, so why not your tenants.

9. Offer a long-term lease

This is something you may not have thought about, but some tenants would gladly pay a bit extra for the security of a long-term lease.

It can be very costly to have to move every couple of years.

Jason Gwerder
Friday, 15 April 2016

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