Increasing Property Letting Value With Oak Windows
Mar 19, 2015
As with all things in life, when improving your property for rental, you get out what you put in. Developing a property that exudes quality from the bottom to the top will command a higher rental value PCM; it’s that simple. Whether you achieve this through bringing in all the mod cons and fully furnishing the property, or updating the overall decor, giving the property a finishing flourish can easily add a little value to the monthly rent.
So what can you do to increase the rental value of your property?
A Loft Conversion
If you have the money for it, a loft conversion can work in more ways than one! Adding an additional room to a property will obviously add value, but that becomes a significant amount of value when you turn that space into a bedroom! In cities like London where any space comes at a huge premium, the loft conversion is a great option for an extra renter, or a family looking for a child’s room. Depending on the size of the loft conversion you could double your rental value!
Create Off Street Parking By Paving the Front Garden
In the inner city where space is at the highest premium of anywhere around, turning those old flower beds and that unnecessary wall into a private, off street parking area will give those city dwellers with a set of wheels a safe place to keep their automobile!
One of the oldest tricks in the book - a set of well hung mirrors seem to magically transform space into more space. Even though the tenants will know the trick, it will still make the place look larger and means that they don’t have to bring in their own!
One of the cheaper bells and whistles, but a bell that will chime with the younger generation - installing fiber optic broadband for your tenants removes the stress of getting a new line and service provider put in.
Well, it simply wouldn’t be a list by oak windows if it didn’t include our beloved oak windows! Rich, illustrious and oozing class, the look of the property both outside and in is a key factor for renters. By installing oak windows you are giving your tenants a property that they will be happy to show off!
In fact, installing noise reduction windows will add further value to a rental property, especially for those on busy streets or under flight paths. A sure fire way of making those tenants sign on the dotted line!
Do you have any other suggestions about increasing a property’s rental value? Leave them in the comment section below!
Image by Wendy North