Top Renovation Tips for Scunthorpe Landlords

Planning to renovate your rental? There’s one thing you should know before you start pulling up carpets or ripping out cabinets.

It sounds simple, but you’d be surprised how many landlords lose sight of the fact that they’re supposed to be making business decisions. As a result, they do one or more of these things:

• Spend more than they need to.
• Spend cash in the wrong areas.
• Wind up with a longer void period than necessary.
• Do a sub-standard job that requires repairs.
• Put off doing much-needed work.

Here are some tips to help you stay on track.

Identify your market – Don’t decorate to your personal tastes. Consider who will most likely rent your property – students, families or professionals – and renovate to suit this demographic. A bespoke kitchen might be justified if you’re targeting wealthy professionals, but not if you’re renting to students.

Neutral tones – If you’re yearning to make a bold interior design statement, do it in your own home, not your rental. Prospective tenants may not share your tastes and could be put off by your aesthetic choices.

Go beyond the cosmetic – Do the locks need fixing? Are the fences wobbly? Does the boiler need replacing? It can be tempting to blow your budget on sexy, eye-catching features, but don’t overlook the basics.

Family matters – If you have a strong emotional attachment to the property (perhaps it was your former family home), don’t let sentiment misguide you. You must separate any nostalgic feelings from your duties as a landlord.

For any more tips and tricks, give us a call!
TEL 01724 487297
EMAIL info@jc-property.co.uk