Five steps to add value to your rental property

As a landlord, getting the most out of your rental property investment is key, especially when the rental market is competitive. Investing in your buy-to-let property at the beginning, or continuing to update it regularly, could be how to ensure you’re receiving the rent that you want and the rent that will cover your mortgage payments. 

Find out how much you could rent your property out for with our yield valuation which works out the rent you can charge per calendar month and the sale value of your property. 

1. Decorate for everyone’s taste
A neutral palette is the perfect base for a rental property and will be of interest to most potential tenants. Most people want to see a blank canvas that they can put their own interior design stamp on, not the fact that you loved red gloss kitchen cupboards for a year or two… If you’re furnishing your rental property, choose classic and timeless pieces that aren’t too trend led and will go out of fashion quickly. Good quality is also very important here, if you’re having to re-buy a sofa every time a tenant leaves in order to attract a new one, this isn’t going to be very cost effective. 

2. Outdoor space
If your property is a house or has any type of garden or outdoor space it’s best to keep this maintained to its highest standard before viewings commence. If the property is well kept but the garden is growing out of control, your potential tenants could be put off. Or, they may not want to pay the rent you’re asking for unless the garden is sorted before they move in. 

3. Boost up the essentials
The kitchen and bathroom are where potential tenants will focus a lot of attention so make sure you take note of the following points.
  • Keep things modern and neutral
  • Make sure they're cleaned before viewings
  • Replacing floors or cupboard doors are easy ways to spruce up a kitchen or a bathroom if they’re looking a little tired
  • Think about handy hooks, shelves and storage cupboards to increase the usability of your bathroom and kitchen and to make it even more attractive. 
4. Added extras
In order to attract higher rent and more tenants, installing added extras such as dishwashers and security systems could make your property more attractive. 

5. Keep up to date with the basics
Regular maintenance on the property will mean that you don’t have to invest lots of time and effort each time you’d like to get a new tenant in. Simple cosmetic fixes can increase the rental value of your property and it just needs a bit of elbow grease! 

The Nottingham and HM Lettings offer a full landlord package, landlord insurance and buy-to-let mortgages amongst other services. Plus, if you’re a qualifying member* of Nottingham Building Society, which means that you have had a savings account for over 12 months and have deposited over £500, then you can access the Member Rewards loyalty programme. With this, you can save 20% on landlord management fees and receive £25 cashback on home insurance policies, underwritten by RSA. 

Here at The Nottingham and HM Lettings we have a landlord portal which gives you 24/7 access to your rental property information including tenant details, invoices and statements so you can keep on top of properties from wherever you have access to the internet.

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HM Lettings are members of The Property Ombudsman (TPO) scheme, a member of ARLA Propertymark and is part of Propertymark Client Money Protection Scheme

*If you have a savings balance of at least £500 and have either held one of our savings accounts for at least the last 12 months or currently have a Nottingham Building Society mortgage, you can benefit from a range of offers. Visit your nearest branch or call us on 0344 481 0912 to find out more.


Rental Property


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