On the hunt for great ways to make your investment property more appealing to tenants and increase the rent? Take a look at some of these tips from our Wellington Property Managers. We regularly see each of these factors contributing to tenant appeal and rent.
In Wellington, tenants generally expect landlords to include whiteware in properties, especially fridges, ovens, and washing machines. Properties with whiteware rent significantly faster, and for a higher rent, making it a great investment for rental properties.
Typically properties with small or no wardrobes will earn less rent. Very few people are minimalists, meaning people are usually willing to pay more rent for a property that has great storage space for their possessions.
Modern Renovations In The Kitchen & Bathroom
Our experience is that in general people love living in modern properties, that stylish, clean feel to the property is very appealing, which means they're often willing to pay more rent for this because they see its value. Having a modern kitchen and bathroom is particularly appealing. If you don’t have the budget to fully modernise your kitchen and bathroom, try adding small touches to create a more modern, stylish feel, such as new door and cupboard handles, new light switches, and a fresh coat of paint.
Wellington gets very cold in the Winter, something people are increasingly weary of, even when they are looking for a home in the Summer. For this reason, people are increasingly willing to pay more rent for warm properties with heat pumps. Heat pumps are generally a one-off cost for the landlord, and can significantly increase the rent, allowing a short pay-off period and easy long-term profits. Plus, it keeps tenants happy and warm, encouraging them to stay longer, so you don't risk missing out on rent during a vacancy period.
Not everyone wants to walk everywhere or rely on the public transport system to get around. Providing at least one off-street park is very desirable to many tenants, and can give your rental income a great boost. It’s worth investing in creating a park if you have the outdoor space, otherwise ensuring there is at least on-street parking before investing in a new property can help the property become a successful investment.
Interested to hear how we can help? Find out how our Wellington Property managers can help you. We manage property in the Wellington and Hutt Valley regions. Feel confident your property and tenants are looked after by our professional Property managers with our property management services .
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Call Jordan Atkinson - 027 297 0873
Quinovic Kent Terrace | Wellington
Call Allan Hartley - 027 522 9084
Quinovic Johnsonville | Wellington
Call Helen Vance - 027 487 8103
Quinovic Hutt Valley | Wellington