Floors are a crucial component of any property plan and should be one of your first restoration priorities. The size of a floor is essential for first impressions, and renovating your Australian investment property with comfortable, clean, and attractive floors can provide stunning, transforming outcomes that attract 'five-star' Sydney tenants and increase your investment profits.
Because renovating a home is such a significant investment, it's critical to understand precisely what tenants require and what you as a house owner need to do to keep your property competitive. To assist you, All In One Renovation polled 300 of our 5-star tenants to find out what they wanted and preferred in terms of rental property flooring.
With 37 per cent apiece, both options tied for most-preferred. Only 16 per cent of Australian tenants preferred carpet in their new rental home, and even fewer desired laminate — only 8% selected laminate, therefore ruling out this option for most landlords.
Sadly for property owners, one of the most abused surfaces in the house is the floor. Most homes, let alone a rental property, require harsh, easily cleaned, long-lasting floor surfaces.
Even if you have the best tenants, your rental property's floor will be stomped on, spilt on, and have mud and dirt tracked over it. Accidents occur when chair legs brush against it.
Although placing down white rug is not an alternative, resist the urge to cover the floors in hardy vinyl or tiles because tenants may find hard floors throughout a property uninviting and echoey – we've found that tenants respond well to a mix of soft and hard flooring; warm and welcoming, but practical where needed.
Carpet packs a powerful punch and has the power to make a lasting impression on a potential tenant.
Many tenants prefer the soft textures of the carpet. It's warm and inviting, as well as an excellent insulator. It is instrumental in flats since it decreases noise and ensures the safety of youngsters and the elderly who are prone to falling.
Unfortunately, carpet requires a lot of upkeep, and even the most obedient tenant will struggle to keep it clean. Carpet is a high-maintenance material that is prone to damage and discolouration due to its sensitivity. In locations inside the house with a lot of foot activity, irrevocable markings are standard.
Tiles are the most practical alternative for flooring in an investment property. There are many different types to pick from, each with a diverse price range and a flexible choice to fit any budget.
They're bullet-proof, and unlike carpet, they're not forgiving of dropped plates or tripping kids. Because they are moisture-resistant, they are ideal for use in bathrooms and laundry rooms.
Tiles may appear frigid and uninviting to tenants, but they do not insulate well, requiring tenants to spend more on utilities like electricity to heat and cool the home.
Timber flooring is a fantastic hard flooring option that looks great, is durable, and provides visual warmth. Tenants prefer floorboards because they require little upkeep, as frequent sweeping and moist mopping may be all that is necessary to keep them clean.
It is costly to purchase and install; therefore, regular care must last an extended period. However, its fragility puts it at risk if your rental property's tenant does not treat it with respect.
The hardwood flooring variety can be refinished up to more than four times throughout its lifetime, removing any scratches, stains, or fading.
Laminate flooring for the property combines the visual effects of wood with the ease of maintenance of laminate flooring, making it a cost-effective alternative to timber flooring.
It's worth mentioning, though, that this option is significantly less durable than hardwood floors - you'll save money in the short term, but you'll have to replace the flooring sooner and more frequently in the long run.
It's a fantastic alternative for busy families with kids because it's easy to clean and has a protective layer that resists abrasions, fading, and stains. You may use it in most house areas, though moist areas such as bathrooms are not suggested. It's also a simple-to-remove flooring option that won't harm your home's existing floors.
After taking care of the necessary maintenance and upkeep, you should only renovate rentals to increase equity, returns, or both. You may add value to your rental home and boost its tenant appeal and achievable rent by choosing the best flooring for it.
When it comes to renovations, it's seldom a good idea to go cheap, and you need to get the preparation right. If you choose the wrong flooring or go for impractical short-term remedies, you'll end up paying more in repair and maintenance costs in the long run.
Budget flooring solutions may save you money in the near term, but when their more durable equivalents outlast them by 20 or 30 years or more, it's time to think about replacement.
Turning your home into a productive revenue stream is enticing, and building a successful investment property portfolio is often a long-term goal for property owners.
It's just as crucial to discover and keep a good tenant as it is to find the ideal location for your investment property. A good renter is often the difference between a high-performing and a low-performing investment. A dependable and consistent tenant will look after your property and help you get the most out of your investment.
You may rest easy when property owners that their investment is in good hands when you attract a high-quality tenant. Apart from the increased value and returns, excellent tenants will enjoy a restored house and be more likely to remain longer and treat it well.