We know the importance of effectively maintaining a property to ensure the best possible rental returns and ensuring long-term capital gains for our investors. There are some areas where your money may be better spent to prevent overcapitalising on your investment and these include the following:
Consider installing a burglar alarm or similar security devices. Window locks are essential in ensuring that the property is secure. Your tenants will have contents insurance and their insurance company will want to know that the property can be secured. Occupants want to feel safe in any property that they’re renting and this adds huge appeal for family tenants as well as increasing the chances of you getting the best possible rental return.