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:
4. Paint & carpet
Giving your property a lick of paint and replacing old carpet can instantly lift its mood and look. A contemporary colour palette brings a sense of modernism and can increase the potential tenant pool, as well as the asking price. Even just thoroughly cleaning walls, skirting boards, and doors and getting old carpets steam cleaned can brighten the look of a tired home.