5 Best Ways to Increase Your Buy to Let Property’s Value

In the UK, over 2.4 million households are privately rented. With more and more private landlords entering the buy to let market and rental prices on the rise, how can you make sure you are getting the best rental income for your investment and making sure you are providing a well maintained and habitable property for renters?

Opt For Premium Fittings and Fixtures

The essential elements of an attractive property are the fittings and fixtures. Whether a new kitchen or bathroom, premium fittings will instantly add value to any property. The trick is to go for quality and style over quantity. Consider opting for bespoke fitted kitchens with designer units and appliances, which will make your property stand out from the rest.

Renters will be able to see if you have cut corners, which will affect the price they are willing to pay. Investing in a better quality finish might be expensive upfront, but you can recoup the costs by increasing the rent to accommodate the level of quality.

Pay Attention to Kitchens and Bathrooms

Kitchens and bathrooms are usually the most valuable rooms in a property. For this reason, it’s essential to make sure these two rooms are well designed and up to date.

Extend kitchens where possible and add extras such as aluminium bifold doors or kitchen islands to help give the space that wow factor. In bathrooms, make sure you have a separate bath and shower if possible and have tiling installed for a more waterproof and secure room with a modern white suite.

Add Extra Rooms Where Possible

The easiest way to increase the rental value of your property is by adding extra rooms. Whether you split one larger room into two, convert a garage, basement or loft, or look to add a two-storey extension, more space will always guarantee you a higher yield.

For example, on average, it can cost over £200 per week to rent a room on a flat or house share basis in London. When you are looking at family homes, the average for two-bedroom homes is £1,800 a month, and three-bedroom houses are upwards of £2,000 per month, depending on the borough.

Move Bathrooms Upstairs

It may seem like a small thing, but the bathroom location can significantly impact how desirable your property is to renters. Consider moving the bathroom upstairs and converting the ground floor into a bedroom.

Many bathrooms in older properties are located downstairs, leading to damp, cold and dark conditions. With more people looking for homes with at least one bedroom and bath on each level, an upstairs bathroom will be more attractive to renters.

Pay Attention to Landscaping

Still, it’s still wise to not forget about its maintenance and consider factors like how long does artificial grass last.

Post lockdown, more and more people are willing to pay more for rental properties that have been landscaped well. Landlords who make the garden areas safe for use and well kept can look to increase the rental value by allowing renters to enjoy outdoor space safely. Features such as decking, artificial grass or fully paved areas will be attractive to potential renters and worth the initial investment. Undertaken correctly, a well-landscaped garden can increase rental value by up to 10%.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website.

You May Also Enjoy

Breaking News

Breaking Property News – 28/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   tlyfe the tenant App gets huge marketing boost from national team tour from the Openbrix team As many will know tlyfe, powered by OpenBrix, is the UK’s most innovative tenant lifecycle app, taking the stress out of the move in process and helping to…
Read More
Breaking News

Over Four Out Of Five Tenants Unaware Of The Renters Reform Bill

OVER four out of five tenants remain unaware of the Renters (Reform) Bill and its contents, according to new research. The data comes from a representative survey of over 2,000 private renters conducted by the TDS Charitable Foundation, which works to advance education about housing rights and obligations in the private rented sector. The Bill…
Read More
Estate Agent Talk

What is Property Damage in a Personal Injury Case?

Property damage refers to any damage that affects things instead of a person. This might include damage to your car, house, etc. As such, it is not regarded as a personal injury case. However, when an individual is injured when the accident occurs, the affected person can file a personal injury claim. A typical example…
Read More
Love or Hate Rightmove
Breaking News

Rightmove comment on new 99% first-time buyer mortgage product

Matt Smith, Rightmove’s mortgage expert said: “It’s encouraging to see lenders continuing to try to innovate in the mortgage market, even after the government abandoned its own plans to encourage lower deposit mortgages in the Spring Budget. This new product has the potential to help some first-time buyers who fit the affordability criteria, but are struggling…
Read More
Breaking News

Breaking Property News – 27/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Coadjute ahead of the game as they are already licensed to provide digital TA6 Forms to property stakeholders This week, the Law Society announced its TA6 Form will now include Material Information as per the the National Trading Standards Estate and Letting Agency Team…
Read More
Breaking News

Breaking Property News – 26/03/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Sharing Success: The Guild Conference and Awards celebrate Member achievements The QEII Centre in Westminster, London, was abuzz with excitement on Friday, 22 March 2024, as The Guild of Property Professionals hosted its highly anticipated annual Guild Conference and Awards. Under the theme ‘Sharing…
Read More