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

Source: NewsNetwork

Release ID: 494143

More News From Sports - In The Headline

Urshela hits Yanks to 4th straight win, 4-3 over Halos in 14

Apr 23, 2019

ANAHEIM, Calif. — After the Yankees' vaunted closer blew a 12th-inning lead, but before New York manufactured another run while striking out four times in the 14th, an Angels outfielder playing second base for the first time in his pro career dived to stop a grounder and made a fine throw to get the out at first. Out of every improbability in this epic opener of the Yankees' West Coast trip, the identity of their offensive hero was right up there with the weirdest. Gio Urshela singled home Gleyber Torres in the 14th with his second extra-inning RBI of the...

Arizona tops Pirates 12-4; Bucs' Burdi exits with arm injury

Apr 23, 2019

PITTSBURGH — Pirates reliever Nick Burdi left in tears with a right arm injury, a chilling low point for Pittsburgh in a 12-4 loss to the Arizona Diamondbacks on Monday night. Burdi, who had Tommy John surgery in 2017, had already given up five runs in a third of an inning when he fired a 96 mph fastball to Jarrod Dyson. The 26-year-old Burdi shrugged his right arm after releasing the pitch then crumpled to the ground. Surrounded by teammates, a trainer and manager Clint Hurdle, Burdi sobbed on the mound before standing and walking off holding his arm. The...

Oh, yes! Nurse, Raptors look to finish series with Magic

Apr 23, 2019

DENVER — In response to an early call, Toronto coach Nick Nurse formed the perfect "O'' with his mouth and held it for a dozen or so seconds. Oh, these playoffs. They can leave your mouth agape — just like Nurse's gone-viral expression on the bench during a win Sunday in Orlando. Now leading 3-1, Nurse and the Raptors look to close out their series with the Magic at home Tuesday. The same goes for Philadelphia against Brooklyn and Portland against Oklahoma City. The second-seeded Denver Nuggets return home Tuesday following their first victory in San Antonio since 2012. Tied...

Jazz stave off elimination with 107-91 win over Rockets

Apr 23, 2019

SALT LAKE CITY — Donovan Mitchell turned a rough start into a fantastic finish. Mitchell dominated in the fourth quarter, rallying the Utah Jazz to a 107-91 victory over the Houston Rockets in Game 4 of their Western Conference series on Monday night. Mitchell scored 19 of his 31 points in the final quarter to help the Jazz pull away for their first win in the series. Utah staved off elimination and forced a Game 5 on Wednesday. Mitchell's late-game performance helped the second-year guard make up for struggles earlier. He turned the ball over twice in the first two...

Bucks advance for 1st time in 18 years and face Celtics

Apr 23, 2019

DETROIT — Giannis Antetokounmpo will have his unique talents on display in the second round of the NBA playoffs for the first time in his six-year career. If Milwaukee's superstar can match or beat his latest jaw-dropping highlight, everyone is in for a treat, unless they play or root for the Boston Celtics. Antetokounmpo scored a career playoff-high 41 points to lift the Bucks a 127-104 sweep-sealing win over the Detroit Pistons on Monday night. "This means a lot," he said softly. The top-seeded Bucks will face fourth-seeded Boston in a postseason rematch. The Celtics are also coming off a...

Sign up now!

About Us

In The Headline sought to bring professionalism back into journalism, bringing you only the most exclusive and the most impactive news from all over the globe.

Contact us: sales[at]