For landlords in Wagga Wagga, increasing rental yield doesn’t have to mean a complete overhaul. Here are some simple strategies to boost returns without blowing the budget:
- Install a split system air conditioner: With Wagga’s warm summers and chilly winters, tenants highly value effective heating and cooling. A reverse-cycle split system offers year-round comfort and is more energy-efficient than older heaters or portable units, increasing your property’s appeal.
- Improve street appeal: First impressions matter. A fresh coat of paint, well-maintained lawns, colourful plants, and even small additions like new house numbers or a modern mailbox can dramatically enhance the attractiveness of your property to potential renters.
- Add storage: Storage is a top priority for tenants. Adding built-in wardrobes in bedrooms, kitchen pantry shelving, or even a lockable garden shed helps tenants feel more at home and can justify higher rent.
- Offer furnished or partially furnished options: Especially in Wagga’s student and transient worker market, having essential furniture like beds, a sofa, and whitegoods can make your property stand out and shorten vacancy periods.
Even small upgrades like replacing light fixtures or upgrading blinds can lead to higher rent and better tenants.