WHY RENOVATE THE KITCHEN IN A RENTAL PROPERTY ...

Many property investors wrongly imagine that once they?ve put up the capital for buying the rental property, all they need to do is bank the rent cheque every month.

A house for rent may be a good way to earn extra income, but they do generally require some initial investment to upgrade the facilities and to attract quality tenants.

And, according to a leader in the Perth rentals market, Complete Property Management, a kitchen is a key area where money will be well spent ? and there are many tricks and tips for a kitchen renovation that will add significant value to the rental property.

Let?s take a look at some good (and practical) ideas for renovating a kitchen in a rental property?.:

You?d obviously do a kitchen renovation a little differently in a rental property than you would in your own home.

It?s not an opportunity to experiment with your wildest interior decorating ideas ? but should rather be an exercise in restraint, with a practical, functional design that has broad appeal.

Whilst most tenants will look after a rental properly, it is worthwhile to choose durable materials that will hide any scratches, stains and dents.? The cheapest option for benchtops in rentals are laminates as these are resistant to stains, durable and there are many modern colours and finishes that are good to look at.? Melamine is the best cheapest choice for doors and draw fronts.

Colour palettes should be kept very neutral ? eg soft greys, whites, creams and stone colours ? as these are universally appealing.

Electrical appliances are the best choice for rental properties ? and built-in is better than free-standing because they?re easier to keep clean.

The aim for a landlord is to lease their rental quickly, attract quality long-term tenants and achieve high rents, and a kitchen renovation could just be the key to achieving all of those things, says Complete Property Management, leaders in the Perth rent arena.

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Posted under Need help buying or renting?

Source: http://southjerseyrealestateagent.com/?p=10615

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