10 cost effective tips for adding value to your investment

At Living Here South Yarra, we understand the importance of effectively maintaining a property to ensure the best possible rental return for owners. There are areas where your money is better spent to prevent overcapitalising on your investment and these include:

Window furnishings
Curtains or blinds are another area which reflect the era of a property and can easily date a home. If replacing the window furnishings think about the long term functionality and look at using options that are hard wearing and easy to replace in the future if necessary.

New cupboard doors and handles can transform a kitchen and it’s a relatively inexpensive way to give the whole room a fresh modern makeover. Colour can also date a kitchen so consider repainting or re-lacquering cupboards to freshen the look.

Fitting new and matching tapware throughout will benefit the look of a property and is a simple way to modernise a dated home.





Consider re-grouting tiled areas or use a grout pen to fix any discoloured areas. Also, think about ventilation, such as a fan, window stays to allow secure openings, or a shower dome to prevent the build-up of moisture.

Painting a property can instantly lift its mood and look. A contemporary colour palette on walls brings a sense of modernism and can increase the potential tenant pool, as well as the asking price. Even just thoroughly cleaning walls, skirting boards and doors can brighten the look of a tired home.

Invest the time to ensure all the gardens are in a tidy state and are low-maintenance, where possible for future tenants. Use a high pressure hose to give all pathways and paintwork a good clean and improve their overall appearance.

Light switches
Replacing old light switches is a cost effective and easy way to refresh the look of your property and can also help prevent further maintenance issues in the future.

First impressions can heavily influence a tenant’s decision to rent a home as well as what they are willing to pay. Look at the entrance to your investment property and whether or not this could be improved with minor expenditure eg: security lighting, painting the door, letter box or a security door.

Great lighting will improve the way a property looks and feels for a tenant. Modern lighting can dramatically change the look of an older property as well as helping prevent any maintenance needed on older lighting systems during the future tenancy.

Security System
Consider installing a security alarm system or similar security devices such as window locks. Occupants want to feel safe in any property that they’re renting and this adds huge appeal for tenants.

If you would like any advice in regards to adding value to your own investment property please feel free to contact us on (03) 9826 1399.