9 tips for maintaining your investment property
Follow our tax-time advice to find the best way to keep your rental property in top condition.
Think maintenance friendly
When decking out a holiday rental or investment property, ideally you want a simple palette of finishes and fittings that are super durable, budget friendly and look great. With the right selections inside and out, you can maintain the home’s appeal and functionality while minimising upkeep and potential damage. Here’s how to make the switch to a ‘rental-savvy’ style.
1. Pick tough paint
If walls are lacklustre, nothing freshens a space more than a coat of paint. Natural white is a timeless choice that can brighten rooms and create a more spacious feel. Invest in a durable, quality paint that easily wipes clean, such as Dulux Wash&Wear, and use a resilient gloss finish on bedroom doors, cupboard doors and trims to help withstand inevitable knocks and bumps.
2. Look for durable flooring
Carpet isn’t ideal in rental properties as it’s more susceptible to staining, and can deter people with allergies. Alternatives are affordable timber-look vinyl, or water-resistant laminate that is easy to lay and looks fabulous in the bedroom and beyond.
3. Discover tiles
For pet-friendly appeal, go for a hardwearing tiled floor throughout. Glazed porcelain options are particularly resistant to stains and scratches, and large-format styles will create a streamlined, easy-clean look.
4. Add welcome mats
Placing a few door mats at each entrance can encourage people to give shoes a wipe, helping to keep floors clean. An inexpensive hallway runner is also a simple way to reduce floor wear and tear in a high-use area, and is easily replaceable.
5. Consider the benchtop
There are plenty of affordable laminate options for benchtops that skilled DIYers can cut to size and install themselves. Alternatively, look to have a solid-surface benchtop, like those in the Think Solid Custom range, installed - it costs more, yet offers greater longevity. Plus, if scratched or chipped, it’s renewable and reparable.
6. Invest in trivets
To protect new or existing benchtops, equip the kitchen with a few trivets for hot pots and pans. Try Cuisena Cork Trivets in a set of two.
7. Extend splashbacks
A splashback is essential in the kitchen, bathroom or laundry to protect walls from splashes and stains and ward off moisture damage to cabinetry. Consider a neutral, modern tile to run at least 600mm high, ideally to the base of overhead cabinetry.
8. Find the right fittings
For items that get frequent use like knobs and handles, matt black zinc alloy hardware is a stylish, on-trend alternative to brushed nickel or stainless steel – plus it camouflages tarnishing, keeping it looking schmick for longer.
9. Update outdoors
If garden surfaces like timber fencing, privacy screens or even decking are due for an overhaul, consider replacing them with materials that don’t require ongoing upkeep. Think composite decking like Ekodeck, Colorbond fencing and plastic or aluminium screening.
For some helpful information on tax matters around renting out property, have a look at the Australian Taxation Office website.
Need to know
This information in this article is general in nature and doesn’t take into account your specific financial position, needs or circumstances. As with any major project, you should look at your own financial position, objectives and requirements and seek professional advice before making any financial decisions.
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Health & Safety
Asbestos, lead-based paints and copper chromium arsenic (CCA) treated timber are health hazards you need to look out for when renovating older homes. These substances can easily be disturbed when renovating and exposure to them can cause a range of life-threatening diseases and conditions including cancer. For information on the dangers of asbestos, lead-based paint and CCA treated timber and tips for dealing with these materials contact your local council's Environmental Health Officer or visit our Health & Safety page.
When following our advice in our DIY videos, make sure you use all equipment, including PPE, safely by following the manufacturer’s instructions. Check that the equipment is suitable for the task and that PPE fits properly. If you are unsure, hire an expert to do the job or talk to a Bunnings Team Member