Increasing the rental value of your property is the most effective way to get the most out of your buy-to-let-investment, especially in competitive rental markets.

Check out our ways to increase the value…

Look after the basics

There are some very simple things you can do to increase the value of a rental property, perhaps the most important of which is to conduct regular checks, maintenance and between-tenancy cleaning.

Consider hiring a carpet cleaner for the day, polish fixtures and fittings, and make sure that appliances are working properly. Some simple cosmetic fixes can increase rental value with little to no outlay on your part.

Focus on the main points

The kitchen and the bathroom are two main points in any rental property! By spending some more time on these areas, you can increase potential rents without having to carry out major work if the only thing it needs is a bit of elbow grease.

Go for mass appeal

It’s tempting to decorate a rental property as you would your own home, as you have an idea of how you want it to look and what would make you comfortable.

Remember it needs to appeal to a wide range of people. This should be considered from the very first stages of fitting out a new property. Consider going for neutral colours and furniture, rather than statement pieces that appeal to you, but which might put off prospective tenants.

Green space

A garden, however big or small can be a great asset for increasing the rental value of a property, but it needs to be properly looked after. Make sure that you tend to any green space! You could even hire a gardener to help you with this, depending on the size and nature of the outdoor space.

You should make it clear with your tenants about who takes responsibility for the garden during the tenancy itself. This should be written into tenancy agreements.

The added extras

If your property is in a particularly competitive rental market, you might consider adding some special extras to attract tenants who are willing and able to spend a bit more money.

Consider investing in top spec kitchen appliances, or even installing a security system. You can achieve a luxury feel for a relatively low spend.

If you’re looking for any more advice then get in touch with our team today or if you’re looking for more information, visit our website.