Right now, as you read this, you’re probably losing money.

“But the rent from my investment property came in today, my shares went up and the rest of my cash is sitting in a high-interest account!”, you say.

While all of that might be true, if there’s a value-adding improvement to your investment property which you haven’t yet carried out, you’re losing money by the day.

Imagine being able to charge $50 a week extra on your investment property, thanks to a value-adding improvement which only cost $1000 to make.

That means it would only take 5 months to pay itself off, and you’d have an extra $2600 per year in rent after that!

But as things stand, you’re actually losing that $2600 per year. 

If this makes sense to you, as it should, then keep on reading. Here are some of Patrick Leo’s top creative ways to add value to your investment properties!

Paint the walls

OK, we know you asked for creative ways to add value to your investment property – and this certainly isn’t one. In fact, painting the walls is the oldest trick in the book. But why is that? Because it’s still the most effective.

A fresh coat of paint can liven up any property. And it doesn’t have to be a boring, old coat of white paint – you can get a bit creative and add a feature wall, or even paint the skirting boards a different colour. Just keep in mind that your personal taste may not be in accordance with the majority of renters, avoiding overly-gaudy shades.

Install solar panels

Solar panel installation is a triple win. It increases the value of your property, allowing you to gain extra rent from it (a win for the landlord). It reduces the energy bills for the occupant (a win for the tenant). And, it reduces CO2 production (a win for the environment). Solar panel installation has definitely become more common as an investment property improvement, and it’s no wonder why.

Create a European laundry

Ahhh, a ‘European laundry’. We love this term, which actually means you had so little space to put a washer and dryer that you simply put them in a closet. But adding a European laundry is an infinite improvement to a small apartment that has no laundry at all. Imagine the extra convenience of being able to wash clothes at home, instead of going to a laundromat 3 times a week!

At Patrick Leo, we’re full of creative ideas when it comes to increasing your investment property value. We’ve got over 20 years in property buying and management, and have helped hundreds of Australians increase their property value… as well as increase their wealth and happiness. With a skilled team of researchers and negotiators, working within an extensive network of developers, builders and vendors to meet your individual needs, we deliver the best possible result for your property strategy. Get in touch with the experts at Patrick Leo today.