Case Study - Rental Makeover Halls Head

The property was rented to the same tenant for 6 years and the rent was currently at $340 per week for a very large modern home.  This was below the market rental values for this area.  The owner had not been guided for any improvements to the property or how he could increase his rental income through makeover improvements.

The property was in poor condition with damage and excessive wear and tear by the tenants.  The home makeover was aimed at gaining:-

• Higher rental income /yield;
• Quality Tenants;
• Tax Benefits for owner
• Increase or maintain capital value;
• New Property Managers.

The property required a range of makeover solutions that were suitable for tenants and also cost effective for the owner.  In addition there were tax benefit considerations taken into account so that the client could maximise immediate deductions versus capital.

Facts and Figures

• Rental Income $340 per week.
• Investment by Owner $20,000 (includedscapital works at owners request for new appliances and airconditioning).
• Time to Complete - 2 weeks.
• Listed for Rental in 2nd week.
• New Quality Tenant at first viewing.
• New Rental Income $400 per week (equates to over 17% growth in rental income).

Over 17% growth in the rental income for this investor.

Other benefits include tax benefits of immediate deductions,added depreciation and capital growth from the makeover.

Before and After Living Area - Rental Makeover

The living area was dated with vertical blinds and pelments and damage vinyl flooring.  The new fresh look is modern and more appealing to attract quality tenants

Before and After Kitchen Area - Rental Makeover

The kitchen was updated with new appliances, dishwasher rangehood.  

If you have an investment property you may not be getting the most you can from the rental income. Cost effective rental makeovers can increase rental income and attract quality tenants.  

Contact us if you want to increase your rental income.