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by Ben Luxon October 09, 2019 4 min read

Running a rental comes with a host of bills and often making improvements to the property is the last thing on a landlord’s to do list.

However, by being proactive and completing a few (even minor) improvement tasks you can increase the value of the property, minimise vacancies and improve landlord tenant relationships.

1. Keep it in Tip-Top Condition

Nobody wants to live in a property that is worn out, tired, dirty or simply outdated. Regular maintenance tasks and deep cleaning will both ensure that a property stays appealing but also reduce more expensive maintenance works.

Related: 4 Ways to Prep your Rental Between Tenants

2. Get out the Paint

One of the quickest and cheapest ways to refresh and renew the look of a property is with a lick of paint. Keep your choices neutral and light. This will help increase the mass appeal of the property.

Personally we prefer paint over paper for several reasons:

  • It’s generally cheaper;
  • It’s easier to apply;
  • It’s easier to fix if it gets damaged - you just get the paint out and cover-up any scratched or damaged patches on the wall.

NB: If you have multiple properties consider painting them all the same colour.

Related: Top 9 Renovation Ideas to Improve the Value of your Property

improve property value

3. Give the Bathrooms and Kitchen some TLC

The most important rooms in a property are arguably the bathrooms and the kitchen. Water does bad things to a lot of surfaces, and these two rooms suffer the most in their day to day use.

There are a few simple things that done regularly can help keep these rooms sparkling and which require little more than a little bit of elbow grease.

  • Polish and shine faucets and any other metal features eg. handles.
  • Remove limescale build-ups. This can be tricky to remove but left to build it can reduce the water pressure and eventually lead to breakages and leaky faucets.
  • Recaulk. This is a good way keep water where it’s meant to be and stop potential leaks which could cause worse issues if left untended and you have the added bonus of making the bathroom look newer without having to splash out on a complete refurb.

4. Think About the Garden

No matter the size, a nice garden is a big draw and people will pay more if they have a place where they can relax in the sun or have BBQs. This being said, when thinking about the garden space a lot of tenants aren’t going to be that great at looking after it.

If you do go down the road of doing up the garden consider these three things.

  • Make it low maintenance.
Something with lots of exotic flowers or a large lawn will inevitably grow wild, weeds will take over and anything that is likely to die will die. So, keep the maintenance needs of the garden to a minimum, have a few potted plants and some decking, for example.
  • Include a clause in the lease.
A short clause in the lease stating the tenant's roles and responsibilities in taking care of the garden (for example, water the plants once a week), can help ensure the tenant spends a bit of time looking after the garden area so that it doesn’t fall into complete disarray during their tenancy.
  • Consider hiring a gardener.

If you really want the garden to stay nice you may want to consider hiring a gardener to do regular maintenance work. The cost of this can be prohibitive, but even just once a month during the Spring and Summer, when things are growing will have big impact.

Related: How to Build that Little Black Book of Contractors 

5. Go the Extra Mile

improve property value

If your property is in an especially competitive market. Then you might consider adding additional features to your rental to help increase its value. Thes are things that maybe aren’t necessary and often come with a little higher expense than the previous items on the list.

  • Better Kitchen appliances.

More modern kitchen appliances are serious points of interest for a lot of tenants. I know that having a quality stove and oven is one of the first things I would check in a rental when I was renting (if it was old and electric I would walk away no matter how nice the rest of the property was). On top of this, old fridge freezers can be inefficient and incredibly uneconomical, driving up energy bills.

  • Security.
A quality security system will help give tenants peace of mind that their home is a safe place and for security-conscious people, it could be a major selling point.

Smart tech can help make a property more eco-friendlyamongst other things. For example, installing a smart thermostat to properly control the climate in a property will reduce energy bills.

Many renters are willing to pay a premium for features like these, aware that they will help them reduce their energy bills in the long run, as well reduce their carbon footprint in ana age where we are all environmentally aware.

Final Words

There are other ways to improve a properties rental value like adding an attic conversion or putting in expensive hardwood floors, however, in this article we have focused on the more affordable ways to maintain and cheaply upgrade the property and in that way increase the properties value.

What are your tips and tricks for improving a property's value? Share them with our readers in the comments section below.

We hope you found this blog interesting! However, do note that it should not be used as a substitute for competent legal and/or other advice from a licensed professional.

Ben Luxon

"Ben is an author and real estate enthusiast. His interest in all things entrepreneurial has led him to work with real estate professionals all over the world, distilling their knowledge into articles and Ebooks. His love of travelling has taken him to over 10 countries in the last year, where he has sampled the craft beer of them all."


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