EXTRA 59.5% RENTAL INCREASE
Are you a Landlord who wants to maximise the return on your investment? How does an extra 59.5% Rental increase sound?
Read our story here on how we achieved this for one of our Landlords.
One of our long-standing overseas Landlords wanted to find out more about how to maximise their investment and refurbish their property. Our Landlords asked if we had any contacts who would be able to facilitate a large refurbishment, our reply was ‘Yes, us!’ We utilised our connections with professional qualified contractors and delivered a stress free refurbishment. This increased the overall value of the property but also resulted in a rent increase of 59.5 % per month!
Our dedicated professional Maintenance Clerks investigated the market to understand what was required and tailored the property refurbishment to the Landlord’s specifications. This research and market knowledge was key to achieving such a high return on the investment. We project managed the entire refurbishment, which enabled our Landlord to carry on with his day to day life and feel assured that he was in safe hands. With weekly updates, via phone and email, we provided before and after pictures of each element of the work, enabling the Landlord to feel part of the whole process from the other side of the world and without the hassle of getting his hands dirty!
The main aim of the project was to achieve a contemporary look, which in turn would reduce the maintenance costs moving forward. To achieve our Landlord’s specifications we completed the following works:
- New kitchen to include all new appliances and a new layout
- New UPVC Double Glazed windows
- New bathrooms
- Removing walls to create more space
- Skimming of ceilings
- Replacement of light fittings, plug sockets and door handles etc.
- Replacement fireplace
- Replacement carpets
- Replacement Garden fences
- New gravel
- New doors
- New boiler
- New alarm system
- External clean with a pressure washer
Although the aim of the project was to achieve a high-end contemporary look, the budget was set and the result came in under budget but higher than any expectations set.
The result was that the Landlord received a 59.5% rent increase and to top it off we were able to secure a 24-month tenancy!
One very happy customer J