Transform Your Rental Property

At the moment in South-East Queensland it is no hidden fact that there is a rental crisis due to the most recent COVID-19 pandemic. This rental shortage is the result of a major influx of interstate buyers and renters relocating to our Sunshine State. Lockdown after lockdown we don’t really blame them and really we often wonder why it has taken everyone in the Southern States so long to finally cotton onto our well kept secret of how beautiful Queensland is!

With the mass migration to Queensland has come a multitude of issues for the rental market, mainly short supply. Properties are in high demand and there are queues out the door for some of the more desirable locations and homes. This being said, a lot of older properties particularly on the Gold Coast are going to need a bit of money spent on them to compete with the requirements of today’s modern renter. With rental properties being in such high demand it is as good a time as any to spend a bit on your investment property to increase the return – whether you do a quick spruce up with a fresh lick of paint, brand new flooring and some new curtains. Or whether you go for the full renovation and decide to add new life to your kitchen and bathrooms also. 

The outcome of a renovation on your rental return can transform a cash flow negative property into a positively geared one. 

Our team recently undertook a “spruce up” for a rental apartment which is in the letting pool at Sovereign Gold Coast Hotel – located in Surfers Paradise. A ground floor apartment that needed brightening up to compete with the other rental apartments in the building – What did the client choose? Hybrid Flooring. Being waterproof, fade stain and scratch resistant it is no surprise that Hybrid Flooring is a go to choice in these situations.

• 100% Waterproof 
• Scratch Stain & Fade Resistant 
• Comfortable To Walk On 
• Minimal Floor Prep Required (Sometimes not at all)
• Easy To Clean
• Quiet Underfoot

Durability and ease of maintenance are two main features every property investor looks for when they are renovating, longevity being the main goal.  If you are wanting to transform your investment property quickly and on a budget a stylish hard flooring product can do just that. Aqua Stone V7 was installed here – brightening the room immensely and modernising it even before the owner had changed lights or painted the space. 

The great thing about Hybrid Flooring is that there is minimal floor preparation required. Meaning that the installation can take place usually over 1-2 days – an added bonus for investors who want to keep the property tenanted for as many days of the year as possible. 

What a transformation new flooring can make to a space!

-Team Beare

Resources

Hard Flooring Purchasing Guide