There are many reasons why landlords decide to redecorate their properties. Whether you are hoping to appeal to a new market, update the look of your property or just mitigate against wear and tear, here are some common factors to bear in mind:
First of all, you should think about the timescales involved for the decoration work. Planning rejuvenation in between tenancies can help refresh a property and make it more appealing but needs to be completed within a timeframe that still allows the mortgage to be covered. Prioritise work that needs to be completed and book the necessary tradespeople in ahead of time.
How long the redecoration will last is also a vital consideration. Whilst higher quality products such as carpets and furniture cost more in the short term, they will not need to be replaced as often as inferior, cheaper items, making them more economical in the long run.
When deciding on the colour and style its worth remembering that a more neutral palette will appeal to more people than bold, patterned designs which may put a lot of prospective tenants off. Plain walls may not be your preferred design, but they are likely to appeal to more people and mean that the property is let out more quickly and easily.
Finally, it’s important to think about the amount of rent you are likely to receive each month and what your return on investment for any decorating work will be. Working out this figure will mean you are less likely to overspend and more likely to benefit from carrying out the work.
GME Painting Contractors have a wealth of experience in property painting and decorating and understand the importance of creating attractive living spaces for tenants in a quick turnaround time. If you would like to know more about the range of specialist services we provide in the housing sector, please get in touch today by calling 01924 723 723.