So who is planning on some improvements to increase yield of their properties?
Both my IPs are tenanted at the moment, and I have just done a fair bit of work in the back yard of one.
I'm sticking this money aside this year, with a view to replacing / updating kitchen and bathroom in one property if and when it becomes vacant.
If and when the other becomes vacant, I'm going to take some time off work, get out there with some paint, some new fixtures and fittings for doors and taps, and if there is some money left over, put in some new carpet and blinds.
I believe that whilst capital appreciation appears to be slowing, it's important to improve the yield and get these properties generating +ve cashflow as soon as possible.
What do you plant to do with your returns?
Both my IPs are tenanted at the moment, and I have just done a fair bit of work in the back yard of one.
I'm sticking this money aside this year, with a view to replacing / updating kitchen and bathroom in one property if and when it becomes vacant.
If and when the other becomes vacant, I'm going to take some time off work, get out there with some paint, some new fixtures and fittings for doors and taps, and if there is some money left over, put in some new carpet and blinds.
I believe that whilst capital appreciation appears to be slowing, it's important to improve the yield and get these properties generating +ve cashflow as soon as possible.
What do you plant to do with your returns?