How to Add Value to Your Rental Property

Finding ways to increase the value of your rental property over time is key to succeeding as a landlord. Investing in property can offer a range of financial benefits, but in order to profit from these, your rental properties need to remain a worthwhile investment for years to come. 

To make more from your residential letting, consider the following tips:

Keep your rental property clean and well-maintained

Let’s start with the basics. Keeping your property clean and well-maintained may seem like an obvious point, but it’s surprising how easy it can be to let this slide if you don’t conduct mid-term inspections or keep on top of maintenance works. The negative aspects of a property will outweigh and distract from the positives, so make sure you get the basics right before planning future renovation projects. 

Freshly painted walls, stain-free carpets and scuff-free skirting boards will go a long way in attracting tenants, so be sure to hire a professional cleaner and tend to any upkeep before listing your property for rent. Pay particular attention to common pain points, such as the kitchen and bathroom areas, where patches of mould or discoloured tile grout could cause interested tenants to turn the other way. 

When it comes to decorating, opt for a neutral colour scheme and avoid bold patterns. Decorating the property like a blank canvas ensures tenants won’t be put off by a difference in personal style. 

Focus on kerb appeal

add value new build houses


Furnish your rental property 

Providing your tenants with basic furnishings, such as bed frames and a kitchen table, will put you in a much better position to charge more for monthly rent payments than if you were to leave the property unfurnished. 

While you aren’t obligated to fit your property with stylish furnishings, doing so may also attract higher-paying tenants, such as on-the-go professionals looking to rent inner-city properties for a Monday to Friday let.

garden patio


Maintain your garden spaces

Properties with attractive gardens are high in demand, especially amongst families, so focus on the maintenance of your green spaces to boost your property’s appeal. Before you begin, think about your target audience and consider ways to make your property’s garden better suited to them. For instance, if you typically rent to families with children, a secure garden fence will receive a big thumbs up, whereas a large pond may cause them to think twice. 


Consider your target tenants

Before renting out your buy-to-let property, consider your target tenants. Doing so will help you decide which features and home improvement projects best suit your desired audience and will make the property more appealing to their demographic.

Figure out which property features your target demographic are looking for and emphasise these when photographing and listing your property for rent. For instance, if you rent to students, offer practical features such as a bike shed or set up an internet connection on their behalf to justify increased monthly payments. 

Once you’ve added value to your property, make letting and property management easier with Bunk – the digital letting agency revolutionising renting for landlords and tenants. With all the resources and information required to advertise and manage a rental agreement on one user-friendly dashboard, our platform is the top choice for modern landlords. 

Check out our pricing plans to see how our subscriptions could help you save time and money today.

Share:

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Heather Mitchell

Heather Mitchell

Originally from the midlands, Heather is our client success lead here at Bunk. When she is not making the lives of our landlords a whole lot easier, you can find her cooking spicy food and painting canvas art.

More articles you may like

Subscribe to our newsletter

Sign up to Bunk’s mailing list and receive a monthly newsletter with all the up-to-date news as well as special offers and more.

Subscribe To Our Weekly Newsletter

Get notified about new articles

* indicates required

Bunk will use the information you provide on this form to be in touch with you and to provide updates and marketing. Please let us know all the ways you would like to hear from us:

You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us, or by contacting us at info@rentbunk.com. We will treat your information with respect. For more information about our privacy practices please visit our website. By clicking below, you agree that we may process your information in accordance with these terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

cookie consent cookie

This website uses cookies to ensure you get the best experience on our website. More info