If you are a new landlord, then you might be feeling a little stuck when it comes to doing up your first rental property. No matter how new you are to renting out flats and houses, there is no need to panic, as we are here to help.
Being a landlord comes with lots of responsibility, it isn’t something that should be taken lightly.
Before you start doing any DIY work, make sure that you know about all the rules and regulations in place for rental homes.
The last thing that you want to do is spend hundreds fitting a new bathroom only to find it isn’t up to standard. That’s why it is so important that you ensure that when renovating your rental properties, you know what you can and cannot do.
When it comes to decorating rental properties, there are some things that all landlords should know. The first thing is that as a landlord, you will probably need to redecorate at least once every three years. Because of this, it’s best to decorate using cheaper materials to keep costs as low as possible.
For more landlord DIY tips, keep reading, below:
Think about your target market
Ask yourself who it is that you are aiming to market your property to – families, professionals or students? The reason this is important is because the target market you are aiming for will affect how you decorate your property.
For example, properties aimed at students can be more basic than those aimed at professionals. It isn’t just about deciding who you want to rent to; it’s about deciding who the property would be best for. For instance, families look for properties near schools while professionals look for central homes.
Don’t rip everything out
Once you have bought a property that you intend on renting, don’t rip everything out. Take some time to walk around the property and see if anything can be saved.
For instance, if the carpets are of a good quality but are a little grubby, they might be able to be kept. As long as you are willing to hire a professional carpet cleaning company, you will be able to reuse the carpets in the property.
Always keep things neutral
It’s far too easy to decorate your rental properties in a style that you love, but it’s important to keep things neutral. Your rental properties should be decorated in simple styles, as these are the most popular with tenants.
It might be your property, but tenants are going to make it their home and won’t be able to do that if you decorate in your own style. Stick to neutral walls – white and cream are ideal, so that your tenants can put their own mark on the property.
Make the property as hard wearing as possible
While you might have to redecorate every three years, making the property hard wearing is still a good idea. Simple things like opting for easy-to-clean paint and flooring that is long-lasting is a good idea.
As a new landlord, you have a lot to learn when it comes to DIY, but these tips are a great start. Follow the simple tips and advice in this guide, and you should be just fine.