For the first time in 7 years, it is cheaper to rent a house in the UK as opposed to buying one. Because of this, the demand for rental properties has gone up tremendously. While this is great for landlords and property owners, there is a slight catch – since the supply of rental properties is as high as the demand, tenants can be very picky. To make a property stand out from the rest, landlords and property owners are thinking about renovating, redoing and refurbishing! According to estate agents in Sittingbourne, here are the best tips to refurbish your rental in order to make it a class apart.
Focus on the kitchen
As more and more people have started spending time at home due to the Covid-19 pandemic, the number of people who have started cooking has certainly increased. Tenants are now looking for properties with spacious kitchens where they can enjoy making a home-cooked meal. So, the first thing a landlord should think about refurbishing is the kitchen! Change the cabinets and try to create some more storage space in the kitchen. You can change the colour scheme, add a pop of colour, repaint the kitchen walls or spring for a fancy new countertop. Essentially, you want to make the kitchen look big and modern, which can easily be done without spending too much money.
Add some plants
Adding plants is the cheapest way to brighten up a space and make it look more homely. A tall plant in the living room, a small plant in the bedroom and maybe a succulent in the bathroom are all you need to make your rental property look brighter and better. If you are adding plants, make sure to choose nice planters as the planter also acts as a form of decor. And, if you have the space, think about creating a small kitchen garden in the garden, the balcony or on the terrace – it’s easy to do, and it will really go a long way with your tenants!
Repaint the walls
Sometimes, all you need is a fresh coat of paint. Again, this is not very expensive, and it can make your rental property look brand new. Usually, landlords use a shade of white on their walls as that is versatile and classic. However, there are many shades of white to choose from, so choose wisely. Alternatively, you can add a pop of colour to your property with wallpaper or wall art, which gives the place a whole new look and feel.
It’s all about the lighting
The best way to make your property look happy, bright and homely is by allowing a lot of natural light to enter. If you do not have any natural light source, add lots of lighting to your home. A floor lamp in the bedroom, a chandelier in the living room, an industrial-chic light fixture in the kitchen – there are so many things you can do. By adding more light to your property, you can make it look bigger and a whole lot better! If you can, switch out all the bulbs and lights in your property for LED lights as those are more energy-efficient.
Create more storage space
Who doesn’t love some extra storage space? If potential tenants walk into a house to see just a small cupboard in every bedroom and some extra drawers, they’re definitely going to complain about the lack of storage space. So, the best way to refurbish your rental property and make it stand out is by creating storage space. A TV cabinet with storage shelves in the living room, spacious lofts above the existing cupboards in the bedroom, a foldable storage unit under every bed – there are so many ways to create more storage space.
Redo the bathroom
If you have a small bathroom in your rental property, then you need to renovate it in such a way that your tenants can maximise the space. Replace the bathroom with a walk-in shower. Get rid of the old toilet seat. Change any leaky faucets and showerheads. Add some shelves or a cabinet under the sink to create additional storage space. If you have the space, and the money, try to create a private bathroom for every room – that is a major selling point among tenants. In fact, just adding one more bathroom to your property will go a long way!
At the end of the day, you need to decide exactly how much money you want to spend on refurbishing your rental property. Based on that, you can make small or big changes – just remember, every change should add value to your rental property!