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Here are 5 easy ways to add value to your home

• Gardening – nothing fancy, just keep it tidy. Lawns mowed, paths edged, gardens weeded
• Lights – Your property should be well lit. Replace any broken globes and replace with LED lighting where possible
• Declutter – Show off how much space your home has by removing any unnecessary clutter
• Cleaning – Keep your home sparkling, especially bathrooms and kitchens
• Maintenance – Look for anything that might need to be fixed. Start listing them down and call a handyman/tradesperson in when the list is ready

Some bonus advanced tips

• Start planting flowers in the gardens or speak with your local gardener
• If you have a creative flair, visit stores to add some finishing homely touches – eg. Adairs or Kmart – or speak to a stylist
• High pressure clean the concrete around the home. You may want to use a professional if it’s a large job or you’re working on stencilled concrete

If you need to speak with someone about getting ready to sell your home, or need some help with the tips above, fill in the form below or contact us on 0738628666 to speak with someone ASAP.

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Maria and Viv talk about how an out of state investor maximised their rent return for a property they just bought.

The post How to rent your property out for more, and faster appeared first on Catherine White - Harcourts Pinnacle.

Maria talks about some of the things we do to find great tenants.

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Our Rentals Operations Manager Maria Schmelzer sits down with one of our business owners & sales agents Johnny Lin to discuss maximising the sales price on your investment property! 💸

• When you can or can’t take marketing photos inside your property
• Selling your property vacant
• Painting and staging with furniture to maximise your sale price
• Paying your marketing at settlement

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Of course, check with your accountant or financial advisor to see how this applies to your individual situation:

• Depending on your water usage arrangement with your tenants, consider getting your property water efficient. One of our Petrie landlords recently spent $120 to have his property certified including a minor adjustment to his laundry taps, and is now able to recoup an additional $200/year water usage from the tenant. On top of the savings, a water efficient property saves water and is good for the environment!

• If you don’t have a tax depreciation schedule, get one now! An Aspley investor for example saved $5,613 in their 1st year of their investment, and they will continue to save more in the coming years. A reliable quantity surveyor we use is Real Property Matters (www.realpropertymatters.com.au) who will not charge if they cannot find significant tax deductions for you, or BMT quantity surveyors will do a complimentary estimate of potential deductions based on photos upon request.

• Consider installing solar panels. You may consider installing solar on condition of your tenants agreeing to a small rent increase. It’s a win/win scenario. Claim an asset write off and at a price increase of $10-15/week, it can be paid off over a number of years, be your asset and future tenants will continue to pay more for a property where they save considerable $ on electricity bills. Plus, it’s good for the planet. Solar Asset Management (solarassetmanagement.com.au) provides free quotes for solar installations, upgrades and other energy related matters.

• Refinance your home loan. Some people are paying comparison rates under 3% on interest only, with Principal and Interest Fixed Rates as low as 2.29%. If you can save 1% on a $300,000 loan, that’s $3,000 extra in your pocket every year. Contact your mortgage broker or negotiate with your bank direct to see if this applies to you. A reliable mortgage broker we use is Thuy Hook contact thuy.hook@ezfinancing.com.au or 0449150117

• If you are planning on general repairs, consider bringing them forward to this tax year. For example, if you are spending $200 to replace a faulty fan soon after 1st July, you could bring this forward and claim the repairs as a tax deduction now and save e.g. $66 in your FY20 tax return, rather than in your FY21 return 12 months later

Our team is focussed on making the investing and renting experience simpler for everyone, so if we can help, just reach out and let us know.

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• Presentation
• Having the tenant on your side
• Knowing the legislation so the tenants can’t up and leave by giving 2 weeks notice

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