Looking to splurge a little more? Have a look at slightly more expensive renovation ideas:
• Repaint the inside of the unit with modern colours.
• Replace the carpets with tiles as tiles work better for a unit you are renting out.
• Upgrade the cupboards in the kitchen and bedrooms.( Try using the existing structure and only replacing the front cupboard doors)
• Put in a granite kitchen top.
• Modernise the basins in the bathroom and the taps in the bathroom and kitchen.
• Add smart features to your unit.
Doing maintenance or renovations on your rental property is usually a good idea because your property will
stand out from competitors while earning you more money. You could even improve your property’ s energy efficiency while you’ re at it!
Rossalyn Carter said,“ There is nothing more important than a good, safe, and secure home”, and I can guarantee your tenants will agree. Therefore, whatever your budget, find ways to maintain and improve your rental properties.
SOURCE Prosperity Enterprises
Jaco Grobbelaar Property investor, structuring specialist & international speaker. Grobbelaar founded Prosperity Enterprises to assist individuals in building their property portfolios through education, structuring & support.
SA Real Estate Investor Magazine OCT 2021 33