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  • Darlinghurst Suburb Guide | Real Estate Blog – Niche Portfolio
    Wednesday, October 15, 2014
    Highlights of Darlinghurst Darlinghurst is an inner city suburb of Sydney.  Close to Sydney’s Central Business District, it is one of the m...
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  • Paddington Suburb Guide | Real Estate Blog – Niche Portfolio
    Thursday, September 25, 2014
    Paddington, Sydney living: the highlights  The sought-after suburb of Paddington, nicknamed “Paddo”, is located a mere 3km from the S...
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  • Bondi Beach Guide | Real Estate Blog – Niche Portfolio
    Wednesday, July 02, 2014
    Highlights of Sydney’s Bondi Beach Sydney’s Bondi Beach is located on Sydney’s Eastern Suburbs and it’s the most famous beach ...
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  • Top 5 renovation tips that will increase the value of your property | Real Estate Blog – Niche Portfolio
    Thursday, June 12, 2014
    The competitive Australian property market can seem like a jungle - everyone is looking for the best way to add value to their home without breaking t...
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  • DIY tips to prepare your house for sale | Real Estate Blog – Niche Portfolio
    Monday, June 02, 2014
    Do you want your home to stand out from your competitors?  If you are serious about putting up your home for sale, it is vitally important that y...
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  • Rental home hunting? Follow these 5 simple tips for a smooth transition | Real Estate Blog – Niche Portfolio
    Wednesday, May 14, 2014
    The rental property market is highly competitive at the moment, especially as more and more people are choosing to rent rather than to buy.  Look...
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  • Escape into your own private oasis | Real Estate Blog – Niche Portfolio
    Wednesday, April 30, 2014
    With all the chaos of our modern world, we all need a private haven to escape to. Nature has provided us with one of the most decadent luxuries the hu...
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  • Property prices on the rise with Sydney’s property boom | Real Estate Blog – Niche Portfolio
    Monday, March 17, 2014
    With interest rates at a record low, and high demand for limited housing stock, Sydney’s property market is set to see an increase in property d...
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  • Top Tips for Buying a Rental Property | Real Estate Blog – Niche Portfolio
    Friday, February 28, 2014
    Buying a rental property can be a very financially rewarding decision. However there’s no denying that it involves a lot of research beforehand....
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  • Sydney property and property investment news | Real Estate Blog – Niche Portfolio
    Monday, January 20, 2014
    The increase is the biggest jump seen since late August 2010, and follows a series of country-wide falls in property values in the two preceding years...
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Tips to Make Your Rental Property More Appealing | Real Estate Blog – Niche Portfolio

Thursday, July 25, 2013

Void periods are a killer when it comes to owning an investment property. The less time a property remains on the market the better, and the best way to boost rental income is to make your investment property as attractive as possible to prospective tenants. Improvements to the appearance and general upkeep of a property won’t have to break the bank, however they will make all the difference to the property’s capital value and rental returns.

1. First Impressions Count

First impressions are key when preparing a rental property for inspection. Care should be taken to ensure that the exterior of the property is looking its best to encourage tenants to even consider the property in the first place. This means keeping the lawn and shrubbery well-manicured, designating an out of sight area for rubbish, ensuring the letterbox and light fixtures are in good condition, and even adding colourful flowers and plants to endow the property with an inviting feeling upon entering. This also extends to the entranceway of the house, the first room which tenants will set foot in. Adding paintings or decorative items which compliment the colours of the walls and floors can add instant appeal.

2. Keep A Classic Style

Generally, colours and fixtures in the house should be neutral and we recommend that you stick to a more classic style rather than attempting to be trendy or fashion forward. This will guarantee that the property will appeal to the widest range of tastes possible. It also allows future renters to imagine the house to be arranged in their own style.

3. The Kitchen and Bathroom Are Crucial

Two rooms to which particularly close attention should be paid are the kitchen and bathroom. Studies have shown that these rooms have a significant influence over the success of a rental property. This could likely be because more than any of the other rooms, they exhibit the style and levels of luxury possible in the house. Both rooms should be sparkling clean for the inspection, they should if possible, contain modern, matching appliances, and any repairs to leaks or other damage should be made as quickly as possible. This will also avoid future expenses covering damage made to neighbouring properties. It’s a good idea to invest in mid-range, Australian made appliances for the bathroom and kitchen as the parts are easier to source and cheaper to replace if the need arises.

4. Research Your Competitors

Finally, never underestimate the power of knowing your competitors. Being well aware of properties similar to yours in similar locations can encourage you to understand what makes your property unique and desirable to tenants and henceforth, to create a selling point by accentuating these positive attributes. For example, if your property is within close proximity to public transport, has a balcony or courtyard, or floor to ceiling windows allowing in copious amounts of sunlight, then place great emphasis on these distinctive features as this might just be the deciding factor for tenants.

A little effort goes a long way in achieving your goal of renting out your property for the maximum rate possible.