We've finally got some good tenants in for almost 2 years. They don't complain, we self-manage. Usual issues of maintenance over the last few years such as fixing things, fix aircond, replace gas HWS, bathroom exhaust etc, install soakwells.
Replaced carpets recently as they were in a state and we wanted to improve the look of the place, repainted as well.
Got a list of things at the back of my mind, cost is issue (would rather do small bits at a time than say a complete kitchen reno). But when and how do you decide to do improvements to your IP? Is it when you think you can get a bit higher rent, or attract better quality tenants?
No rent increase for over a year now (360pw), but looking around, its a fairly good rate.
Some of the small things I'm thinking are like - install ceiling fans in bedroom, install BIRs and door. Would really like to put more cabinets in kitchen but kitchen overall needs an overhaul. Bathroom is average too.
Replaced carpets recently as they were in a state and we wanted to improve the look of the place, repainted as well.
Got a list of things at the back of my mind, cost is issue (would rather do small bits at a time than say a complete kitchen reno). But when and how do you decide to do improvements to your IP? Is it when you think you can get a bit higher rent, or attract better quality tenants?
No rent increase for over a year now (360pw), but looking around, its a fairly good rate.
Some of the small things I'm thinking are like - install ceiling fans in bedroom, install BIRs and door. Would really like to put more cabinets in kitchen but kitchen overall needs an overhaul. Bathroom is average too.