If you’ve purchased an investment property to rent it out or flip it and making some extra money, you might be wondering how often you need to redecorate the building. It’s easy to lose track of outdated paint, shoddy carpets, and peeling wallpaper when you’re not living in the house that you bought. However, the way that your property looks can make or break your chances of earning a consistent income.
While there’s no fixed timescale dictating when you need to redecorate your investment property, it’s essential to ensure that you don’t end up with a house that looks outdated. Whether you’re selling the home on the market and looking to make a profit, or you’re renting it out, the right aesthetic is crucial.
Contact NexGen Tradies and talk to the about what you can do about staying on top of your décor.
How Often You Should Redecorate an Investment Property
To a certain extent, the frequency with which you redecorate your investment property will depend on what you’re using that house for. For instance, if you bought a property that you wanted to flip and resell on the market as quickly as possible, then NexGen Tradies can help you get things moving pretty quickly, with our certified tradies. Things to keep in mind are:
- If you’re renting the property out, the best time to redecorate is whenever a tenant moves out. This will give a chance to refresh the colour schemes and make your property look amazing for the new tenants.
- If you’re keeping the property until it increases in value, then selling it, updating the decoration about once every five years is usually a good rule of thumb. This will allow you to keep the property relatively up-to-date in case there is a spike in real estate value, and you suddenly decide to sell.
Even if you decide not to change the appearance of the entire home, it’s a good idea to give the house a fresh lick of paint. This will keep it looking beautiful for longer. Contact NexGen Tradies for an informal chat on how you can keep your investment maintained.
Quick Tips for Redecorating an Investment Property
Remember, decorating an investment property isn’t the same as decorating your own home. You won’t need to worry about showing off your personal sense of style. Instead, all you need to do is make the home or building look fantastic for potential buyers. A few golden rules to follow include:
- Choose neutral colours: This should ensure that you don’t accidentally put-off potential investors or tenants.
- Invest in quality finishes: Make sure that you don’t cut corner with your decoration. NexGen Tradies have qualified tradies and handymen who can who can give you a professional finish.
- Keep records: Make sure that you can prove when the property was redecorated, in case of any future disputes.
Additionally, when you’re ready to sell, make sure that you take plenty of great, high-quality pictures so you can show off how much effort you’ve put into making your property look great. NexGen Tradies have professional picture hangers on their books who can help you place your pictures. Poor-quality photos can make it difficult for potential buyers and tenants to see the true value of the property they’re looking at.
Give NexGen Tradies a call to gleen some ideas and tips on keeping your hard earned investment in good shape.
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