Landlord Guide To Refurbishment

Landlords Guide To Refurbishment

Keeping your property fresh and up to date not only ensures you maximise the rental potential but it is also means you are much more likely to find good quality tenants who stay for longer. However, refurbishing property can quickly turn into a costly and arduous process. Here are nine refurbishment tips every Landlord should know.

How far do I go ?

Knowing how far to take the refurbishment on a rental property can be difficult. Do you really need to replace the whole kitchen or will changing the cupboard fronts and appliances suffice? What colour carpet should you choose and should you remove the bath to install that large walk in shower? Ultimately you need to know your market. This can vary greatly depending on where your property is located and the tenant demographic in your area. Therefore, it is important you seek advice from your local letting expert who will be able to advise you on what tenants will come to expect.

Budget & Contractors

Be realistic with your budget and make sure you allow for contingences. Always seek more than one quote and be sure to check contractors’ credentials and that they have the correct level of insurance.