5 quick ways to boost your rental yield

5 quick ways to boost your rental yield

The rental sector in 2022 is increasingly becoming more competitive, however, there are great opportunities for Landlords to increase their rental yield and stand out from the crowd.

We have curated a list of five quick ways you can boost your rental yield and make your property stand out in the market.

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1. Improve interiors

Keep everything clean and fresh for a great first impression. A lick of paint throughout can work wonders to the desirability of your property, and the amount of money your tenants will want to pay. A top-tip is to make the walls and flooring a neutral shade to maximise its appeal.

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2. Allow pets

If you are serious about increasing your rental yield then allowing your tenants’ to inhabit their furry friends could give you an edge. As well as being a kind gesture too.

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3. Have an impressive kitchen

Not for no reason is a kitchen the heart of the home. So, it makes sense to invest in high-quality fixtures and fittings. Why? Decent quality flooring, lighting and a large fridge all enable your property to stand out from the crowd and attract a higher level of rent.

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4. Go green: for the planet and your tenants

Whilst this strategy may involve a higher upfront investment, minimising environmental footprint is increasingly at the forefront of renters minds. Giving your property a green makeover such as upgrading its insulation or installing a smart energy meter will also lower your tenants' energy bills, and allow you to flex its green credentials with a higher rent.

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5. Increase storage

A frustrating issue many tenants have is not having enough space. Good storage appeals instantly, especially in a kitchen, because people instantly start imagining live there. You could add useful cupboards in the bathroom and mount them in an appropriate place in the kitchen too.