Lets face it, having your own apartment or flat in London is basically like sitting on a small gold mine. Not only could you sell your property for a small fortune, but you could also start renting out your property too (potentially leading to a long term income stream). But renting out your place is no easy job, and even though it can be financially stabilising down the line, the initial preparation process can be a little overwhelming. There is so much advice and information available that your renovation process doesn't have to be tricky, and with resources like London Loves Property available online, you really do have a wealth of industry news and knowledge at your fingertips! So make use of all the information that you can and start planning that renovation today!
Here at My Favourite Voucher Codes, we want to show you how you can start renovating your property ready for rent. We will take a room by room approach, giving you the hints and breadth of information that you need to really get this project on the road!
What Will You Need in the Bedrooms?
Making the bedroom/s warm, welcoming, comfy and cosy can be a little tricky, and a lot of the decisions that you make will depend on whether you are looking to rent your property out as a furnished or unfurnished product. Here are a few of the things that you will need to consider:
Think Beds: If you are offering out a furnished apartment to rent then you will need to think about the bed/s. It all depends how many rooms your property has, and how many people that you are renting to. If you have a one bed apartment that you would like to rent out to a professional working couple then you will need a large double bed. If you have a few rooms and would like to provide shared accommodation, then you may prefer a single bed in each room. Take the time to think about who you want to rent to and what you are providing. Ideally, they should compliment one another. You can get a range of beds - from single and double to ottomans for small apartments in need of extra storage space - with The White Company discount vouchers. Not only will you be getting high quality and appropriate bed/s, but you will also be getting them for a fraction of the price too.
Storage and Wardrobes: This really does depend on whether you are providing a furnished or unfurnished property, but including storage options for your tenants is always a great way to go. Think about including some basics in your property, such as a wardrobes or drawers.
Wallpaper Designs: When renting your property out, it’s a good idea to make sure that it is appropriately decorated. This means that it will look and feel appealing, and thus more potential tenants will be interested in renting your property. Use neutral paint and feature wall designs to spruce up your property. You can find some gorgeous wallpaper designs at really affordable prices when you make use of Dunelm discount codes. Their passion for interior design and range of home improvement products are sure to get your ideas going!
How Should I Renovate the Kitchen?
Lets face it, all parties end up in the kitchen! They are one of the most important places within a home, and they are the most likely place for things to get broken or stained too. This means that it is vital for you to have properly installed and good quality worktops, cabinets and white goods. By investing in some good quality products in the kitchen, you will be ensuring that they will last longer, maybe even through a whole host of different tennents! With 2019's home improvement trends in mind, here are a few of the essential kitchen renovations that you should consider:
#1 Quality Worktops
Getting the right worktops is imperative. Having good quality and long lasting worktops could save you a whole lot of money and time later down the line, so making sure that you have well fitted and reliable worktops - as well as cabinets too - will be a huge benefit in the long run, not to mention a great selling point! You can use Leekes voucher codes to save money on your kitchen installation. Leekes can help to instal your kitchen quickly and efficiently for a great price, and their designs are very smart, minimal and aesthetically pleasing. Perfect for a rented property!
#2 White Goods: Will You Need Them?
Having a good range of white goods - a dishwasher, washing machine and fridge freezer - will make your property a lot more appealing to potential tenants, so try to supply these during your renovation-for-renting process.
#3 Do You Need to Provide Provisions?
Most of the time, you will not be expected to provide provisions such as cutlery and utensils, but it is a good idea to supply all documentation relating to any of the products within the property. For example, the ‘how to’ guides for white goods, and safety instructions on how to use the oven.
Make Sure That Everything Works in the Bathroom
Make sure that your bathroom has been fitted to a high standard and that everything is working properly! Test the toilet, shower pressure, extraction fans and towel rails to ensure that they are all working and safe.
How Can You Spruce Up the Living Room?
This is where your prospective tenants will most likely be relaxing in the evenings and weekends, so it is really important that it is both clean and suitable. If you are offering a part or fully furnished property then make sure that you supply a sofa and some shelving units. You can get some gorgeous living room furniture using our Made.com promo codes, and they are sure to last a long time too. Providing furnishings such as sofas can be a really great way to attract tenants, and may even allow you to inflate your rent prices somewhat.
Finishing Up Your Renovation
You will need to make sure that everything is working, clean, fitted properly and safe to use. Once this has been done, and you have done the relevant paperwork, you will be able to begin welcoming your first round of tenants. Always make sure that you finish up with a good old clean, and keep track of everything in your inventory! You can keep up to date on all of the latest property news in London in London Loves Property. This is a great way to stay on top of the latest news in property. From renting and development prices to commercial and residential information, keeping up to date with the latest news will help you on your journey to becoming a landlord!
Renovating for the purpose of renting can be a really exiting - albeit stressful - time. Make sure that you enjoy the process and save some of those pretty pennies where possible! From the bedroom and bathroom to the living room and kitchen, your property will be well renovated and ready for rent before you know it!
Posted By: Mary-Ellen Simper - My Favourite Voucher Codes - 1st March 2019