PROPERTY NEWS - Property prices have been increasing exponentially, especially in the rejuvenated parts of CBDs around the country. This is good news for property owners who rent their apartments and houses out to tenants.

 

But if you’re one of these individuals who are burdened with an investment that isn’t returning nearly as much as you think it should be, here are some simple tips to boost that asking price.

New paint, new prices: Painting your premises will not only add worth, but guarantees that potential lessees will be more open to paying extra. Grubby walls with faded colours - excuse the pun - paints a poor picture of the future.

Offer fully furnished: Properties can fetch more when they’re furnished. Though this might seem like an expensive proposition for you, you can rent-to-own the items in your property with loads of benefits. Various companies offer rental plans on a month-to-month basis, with repairs and risk cover, delivery and installation, as well as a TV license included in the monthly fee e.g Teljoy.

Bear in mind also that much more than a TV can be rented these days – everything from kitchen appliances to gaming consoles are available on the market. The real major plus is that you’re welcome to return the item if you or the tenant does not need it anymore.