Updating your Neutral Bay rental? Do these 7 things
With the new year fast approaching, now’s a good time to think about your goals for 2023. If you own an investment property, it’s essential to update your asset regularly. This not only offers a pleasant living environment for your tenants but also helps to maintain its value.
Plus, if you have a new tenant moving into your property in 2023, now is the time to refresh it. But what are the best value updates that you should consider?
Painting and flooring
One of the best ways to give your property a refresh is to give it a new coat of paint. This makes the rooms look clean and removes signs of wear and tear. Remember to stick to fairly neutral colours and use good-quality paint that will stand the test of time. This is one of the easiest projects that can be completed quickly and won’t cost you a lot.
The next priority should be the flooring. If the home is carpeted and these are a bit worn, stained, and tired looking, it’s time to update them. Instead of installing new carpets that will need to be replaced again, consider hard floor coverings such as vinyl flooring, floating floorboards or even tiles.
If the floor under the carpet is timber, why not consider having the floorboards sanded and polished? These days, timber floors are coveted by tenants because they’re easy to care for and don’t harbour dust like carpets do.
Update the kitchen
The kitchen is the centre of any home and new tenants will appreciate a neat and functional kitchen. You don’t have to go all out and replace what’s already there. A kitchen makeover could be as simple as painting or replacing the cupboard doors and adding some stylish new handles and taps.
Also, consider replacing the appliances if they’re old and less-than-appealing. And don’t forget that a dishwasher is almost a necessity these days.
Add more light
Consider adding more light to the interiors. This will instantly appeal to new tenants as it gives the impression of more space and feels uplifting.
To create more light, you might want to replace old and heavy curtains with new slimline blinds that are easy to maintain. Also, have a look at the light fittings. Do they provide enough light? Can you add any task lighting in the kitchen?
Sometimes, the light fittings just need to be cleaned and fitted with brighter bulbs. Or you might be after better options that give a more modern look. Take a trip to Bunnings or IKEA for some stunning light fittings at bargain prices.
How’s the outdoor entertaining area?
When you live in Neutral Bay, having a usable and functional outdoor entertaining area is a bonus, so if you have outside space, make the most of it.
This does not have to be a costly exercise with the fabulous new decking options that are available today. You can even buy modular decks that are easy to assemble and even move later if you wish.
Don’t forget about the outdoor lighting and ensuring that there’s a clothesline too.
Add a little extra storage
Storage is a big drawcard for tenants in the city. Consider having some built in, or check out Bunnings for some inexpensive storage solutions.
Space for a laundry?
If the home doesn’t already have an internal laundry, consider any small unused space that could be used to house a washing machine and dryer. This could be in the bathroom or even tucked under the kitchen benchtop.
Don’t forget the bathroom
The bathroom is almost as important as the kitchen. Tiles can easily be refreshed with a new coat of paint, while other cheap upgrades can include replacing the taps and shower head with more modern-looking ones, ensuring there’s a nice big mirror and vanity, and having adequate storage space for essentials.
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Are you looking for experienced local property managers in Neutral Bay, or looking to sell or buy an investment property here? Feel free to give us a call in the New Year – we look forward to it.
