Financial Wealth Management Property Acquisition Accountant Kingsgrove ATO Tax

Well-kept properties can result in better rent, but owners shouldn’t over-spend on renovations, says leading Australian property expert Matthew Mousa from TLK Partners Chartered Accountants.

Kingsgrove, Australia - March 22, 2019 /NewsNetwork/ —

Renovations Help you Up the Rent Says TLK Partners Property Expert Matthew Mousa

Well-kept properties can result in better rent, but owners shouldn’t over-spend on renovations. Property Acquisition specialist Matthew Mousa of TLK Partners advises on improvements that will be both easy on the budget, and show extra return on investment.

Some rental property investors might be unsure of where and how to invest renovation dollars for maximum return. “As a property investor myself, it’s easy to spend a fortune and over-capitalise on the property,” warns Matthew. “Rather invest in cost-effective upgrades on key areas, known to attract tenants. Not only will you draw people who are prepared to pay a little extra, but they are also more likely to care for it during their stay.”

Bathrooms and kitchens are two of the major areas – one represents the heart of the home, because it is where food and nourishment originate, while the other is a haven for relaxation and de-stressing. These two rooms could easily become a ‘wow’ factor. However, most importantly, they should be spotless, and leave a squeaky-clean impression.

Representing the heart of the home, a tatty kitchen will turn away potential tenants. It should be spotless, and leave a squeaky-clean impression. A full-blown kitchen renovation is a costly exercise, but there are ways of improving the space and creating a ‘wow’ factor without blowing the bank.

Matthew recommends looking at and changing the small details. Add a splash back behind the stove or sink or replace the existing ones with fresh tiles. Splash backs serve a double function in protecting the wall from damage, but can also be a striking feature with clever tiling choice.

Do the counter-tops and cabinet doors look tired? A granite top will make an impressive feature, while new doors with fresh hinges and modern handles will transform old cupboards.

Another practical improvement is the addition of clever lighting, to brighten the space and improve its function.

“Keep good design and classic style in mind when you consider renovating the bathroom of the rental property,” advises Matthew. He warns against overly-modern or trendy fittings as they can easily date in a few years’ time. Owners could, however, add contemporary touches with modern towel bars and vanity shelves. Once again, the importance of a brilliantly clean look cannot be overemphasised.

Dark and dingy is a definite no-no if you are looking for a higher rent. Apart from lights being an expression of style, it is most important that your rental property is well lit. “Remember to open blinds and switch the lights on where necessary when you’re showing the property, as light and airy looking properties hold much more appeal,” says Matthew.

Lighting and light fittings can create ambiance in any room, and the variety of styles of lighting available is infinite. It can be used to create any look and feel of your choice, from rustic to industrial. Just be careful not to go too way out there – tenants want to add their own personal touches to make the rental property their home, and they don’t necessarily have the same taste in décor as the owner does. So choose something functional, classy, tasteful and fairly neutral.

When faced with dark corners or rooms, skylights or installed windows are a wonderful source of light and sun, and can often make all the difference in bathrooms and kitchens by lighting them naturally. Choose energy efficient long-lasting lighting, not only to reduce tenant’s electricity bills but also to care about the environment.

Renovating rental properties from time to time not only holds the bonus of collecting more rent each month during the tenant’s lease period, but could save other costs in the long run. “Remember, if tenants love their home, they will stay longer, so investors will save on advertising and screening costs. It really is best to show it off the property its best light,” Matthew concludes.

TLK Partners are real people just like you with hobbies like property investment; Wealth Management Companies Kingsgrove, Beverly Hills | Tax Accountant & Agent | Property Adviser are wealth advisers serving enterprises and private individuals who hope to take care of their future through sound financial management. Visit their website or contact them at (02) 8090 4324 for an appointment to discuss your financial management and investment needs.

This material is of a general nature only, it does not take into consideration your financial circumstances, needs or objectives. Before making any decision based on this content, you should assess your own circumstances, seek professional advice or contact our office to be directed to the appropriate professional. Whilst all care has been taken in presenting the material neither TLK Partners or its associated entities guarantee that the material is free of error and, the information may have changed since being published.

Syndicated by Baxton Media.

Contact Info:
Name: Matthew Mousa
Email: Send Email
Organization: TLK Partners
Address: 1-5 Commercial Rd, Kingsgrove, NSW 2208, Australia
Phone: +61-1300-724-017
Website: https://tlkpartners.com.au/

Source: NewsNetwork

Release ID: 494143

More News From Bajet Harian

Philippine official seeks strong protest over boat sinking

Jun 18, 2019

MANILA, Philippines — The Philippine defense chief will recommend Manila file a strongly worded diplomatic protest after a fishing boat was hit in the disputed South China Sea by a suspected Chinese vessel that the abandoned the 22 Filipino fishermen as their boat sank. Defense Secretary Delfin Lorenzana strongly condemned the sinking of the F/B Gimver 1 on Sunday night due to the collision at Reed Bank off the western Philippine province of Palawan and the abandonment of its Filipino crew. He also thanked the Vietnamese fishermen who rescued the Filipinos and brought them to safety. The sinking is a...

65 Rohingya Muslims found shipwrecked in southern Thailand

Jun 18, 2019

BANGKOK — Thai officials said they discovered 65 ethnic Rohingya Muslim refugees on Tuesday who were shipwrecked and stranded in southern Thailand. The chief of Tarutao National Marine Park, Kanjanapan Kamhaeng, said the boat carrying the Rohingya was found after several Thai and Myanmar citizens told park officials their ship had broken down. They initially denied they were transporting Rohingya. Kanjanapan said the boat was found smashed onto a rocky shore and a preliminary check showed it was carrying 65 Rohingya and several Thai and Myanmar citizens who were identified by the Rohingya as in charge of operating the ship....

Australian PM: WTO needs mending to keep up with the times

Jun 18, 2019

SINGAPORE — Australian Prime Minister Scott Morrison said Friday that the World Trade Organization needs mending to keep up with the times. Morrison said many leaders attending the Group of 20 summit in Osaka later this month share the view. "There is a strong consensus about the need to modernize the WTO and its rules," he said. "We need to mend it, we don't need to break it, and mending it requires a lot of partnership," he added. "Just now it's the technical practical things that need to get done." Morrison, who spoke at a lunch organized by the Australian...

Asian stocks mixed after Trump threatens Mexico tariffs

Jun 18, 2019

SINGAPORE — Asian stocks were mixed on Thursday as traders kept a close watch on impending U.S. tariffs on Mexico while trade talks with Beijing remained at a standstill. Japan's Nikkei 225 index added 0.3% to 20,832.46 while the Shanghai Composite index lost 0.5% to 2,848.34. The benchmark in Shenzhen, a smaller, more domestic-oriented market, tumbled 1.5% to 1,471.73. Hong Kong's Hang Seng added 0.3% to 26,965.76 and Australia's S&P ASX 200 advanced 0.5% to 6,392.20. Shares fell in Taiwan and Singapore but rose in the Philippines. South Korean markets were closed for a holiday. American and Mexican officials said...

UN agencies urge stronger efforts to stop illegal fishing

Jun 18, 2019

BANGKOK — Major United Nations agencies are urging key fishing nations to join efforts to fight illegal, unreported and unregulated fishing. The U.N. Food and Agricultural Organization and other groups made the call at a conference in Bangkok on Wednesday focused on helping protect fisheries and those working in the industry. Thailand is the world's biggest importer of tuna. It has one of the seven state-of-the-art centers in the region monitoring fishing vessels in real time to help control access to regional ports and curb illegal fishing. The centers are helping enforce the Port State Measures Agreement, which aims to...