Making your rental properties stand out in the market is key to attracting and retaining the best tenants. Reinvesting isn’t always a priority for landlords, but upgrading your offering can lead to greater, more reliable returns in the long run.
Here are some improvements to help make your property a place people want to call home.
Energy efficiency improvements
With around 40% of people struggling to afford their energy bills, energy efficiency is a big factor for many renters. Lower bills and a more sustainable home can help you appeal to budget-conscious tenants.
Start by upgrading your insulation, especially in older properties. This helps to reduce heat loss and the energy required to live comfortably. Double-glazed windows are another popular upgrade, further curbing heat loss but also reducing noise. New radiators sourced from the UK can increase the efficiency of a central heating system.
Installing energy-efficient appliances, such as refrigerators, washing machines, and dishwashers, means the property should use less water and electricity. These may be more cost-effective upgrades if you don’t have the money for more significant changes.
Smart home technology
Technology has transformed how people interact with their living spaces. By adding devices like smart thermostats, digital security systems, and smart lighting, you can give tenants greater convenience and comfort.
Smart thermostats make it easier to control the home environment. Smart doorbells with cameras add an extra layer of security, while motion-sensor lighting can reduce energy consumption. Highlight these in your property listings to appeal to more tech-savvy tenants.
Modern living spaces
If your properties are looking outdated, modernising the living spaces can be transformative. This could be some simple redecoration or more significant improvements.
Open-plan layouts are still highly sought after, offering flexibility and a greater sense of space. Upgrading kitchens and bathrooms can have the biggest impact on living, particularly with sleek, contemporary designs and good-quality finishes. Neutral colours, such as whites and greys, are timeless and provide tenants with a blank canvas to personalise the space.
Even adding some high-end fixtures and fittings, such as chrome taps, under-cabinet lighting and modern appliances, can elevate the overall feel of the property.
Functional outdoor spaces
Whether it’s a small balcony, garden, or patio area, making the most of any outdoor space can greatly increase your property’s appeal. You don’t need to create a garden oasis, just add small touches like decking, outdoor seating or a raised terrace.
Focus on low-maintenance landscaping, such as gravel or artificial grass. This reduces upkeep while still providing a pleasant, functional outdoor environment.
Work-from-home essentials
Creating somewhere for tenants to work from home should be a priority for any landlord today. Whether it’s an adaptable second bedroom or an unused corner, ensure there’s enough space for a desk and comfortable chair. The area should have good natural light and power outlets, too.
High-speed internet is another non-negotiable for many renters in today’s market, so ensure your property is equipped with reliable broadband. Wi-Fi extenders are an added touch that shows you care about the tenants and their comfort in the property.