With major cities and regional areas going in and out of lockdown, and with no real end in sight, it’s time for landlords to consider whether their properties are pandemic-friendly enough to endure the next couple of years.
Whether you’re looking to buy a new investment property, renovate your old one, or just rejig your current space before re-listing, we’ve got some tips for you.
Here’s a list of considerations to make:
1. Figure out who you’re providing for
Ask yourself: What kind of tenant are you trying to cater for, and what do they need in order to carry out their lives under lockdown conditions?
If you’re pitching a city pad to young, urban professionals, you’re going to want to make sure that you offer them desk space and a clean, blank wall so that they can conduct virtual meetings without beds, laundry (or toilets) in the background.
If you’re pitching a three bedroom house to a young family, you’re going to want to make sure that there are enough segmented spaces for each family member to conduct their work, school and/or university commitments remotely without driving each other crazy.
While open plan living arrangements have been popular in recent years, they’re not exactly the most pandemic-friendly spaces! If you’re looking to renovate, you can check out our blog on DIY COVID renovations here.
2. Figure out what utilities they need to work from home effectively
Consider throwing in a strong wifi connection to sweeten the deal for your tenant. As we explained in our tax tips blog, this is all tax deductible!
You might also want to consider investing in a lock box for your tenant. This way, you can leave the keys for your tenant to pick up themselves, share accomodation style. It’s a contactless handover, which will make both parties feel more comfortable!
3. Figure out how you can you maximise living space
Clear out unnecessary furniture, storage space and clutter that will prevent your tenant from being able to move around, stretch and enjoy the space. A poorly-considered layout may have cut it in the past, but it’s not going to cut it when your tenant is spending the majority of their time inside.
No one wants to feel like a hoarder...
it’s Marie Kondo time!
Oh, and if you’re buying: A backyard is going to be a massive plus. This is
especially important if you’re intending to rent your property out to young families. However, housemates also value outdoor areas in which they can chill out.
4. Create a user manual / guide for the local area
It’s worth thinking about how your tenants are going to be able to access essential services - such as grocery stores and surgeries - as well public parks in which to exercise.
Consider creating a manual for prospective tenants highlighting the liveability of the property and the local area. Hopefully, within the next little while, the manual will expand and start to include cafes and bars again!
If you consider this list, you will be the best landlord!
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