You've done your research, purchased in a good suburb and
now your property is tenanted and covering your costs ... and hopefully a
little extra too! But how can you maximize your investment and get the best
return on your money?
Tenants love low maintenance and low responsibility. Your
property probably looked immaculate when you put it up for rent; gardens were
weed free, hedges straight and lawns lush and green. You put a lot of work into
making sure it looked its best.
But in all likelihood your tenants won't love your garden as
much as you do. They may keep the house in order; to keep the agent happy on
the next inspection but the gardens are another story…
Research by REIWA found that rental properties with
well-maintained gardens rent up to 4x faster than untidy properties. Tenants
were also far more likely to search for properties with neat gardens in a
flooded market. So it pays to ensure your property is looking its best when you
put it up for lease. In another study researchers found that tenants are 83%
more likely to extend their lease if the property has a gardener maintaining
the gardens regularly.
In today’s world everyone is busy, stressed and desperately
running out of time. It’s no wonder that tenants are snapping up rentals that
have regular gardeners. And it’s easy to see why these properties can charge a
premium.
Remember, if you are thinking about hiring a professional gardener to maintain your
rental property, make sure it’s written into the tenancy agreement and the rent
is increased to cover the costs of garden maintenance – otherwise you might be left short changed.
Regular garden cleaning services & maintenance is a win-win. It keeps tenants happy for longer,
and increases the value of your property allowing you to attract better tenants
and a higher rent or resale value.
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