How to Improve Rental Value of Your Apartment

It goes without saying that property prices in Abu Dhabi are on the higher side. Although the cost of living here is low as compared to Dubai, buying a home here can still cost you a fortune. So, having a property in the capital city of the UAE reserved in your name is nothing less than a major achievement.

If you own a property here, you are saving yourself from the ordeal of bearing rental costs, while having an enhanced peace of mind as you wouldn’t have to worry about renewing the rental contract and fearing an increase in the rent. And most importantly, there will be no stress caused by uncertainty that is associated with a rental property.

The best part, of course, is that you can rent out the property in times of need and have a continuous stream of income flowing. If you intend to do this, there are numerous that you must consider before getting your living space listed among the many apartments for rent in Abu Dhabi. With tenants now having abundant options at their disposal - thanks to newly launched residential projects, you need to give them a solid reason why they should prefer your unit.

Shedding light on the same, there are numerous ways you can follow to make your apartment more preferable and improve its rental value. Take a look at some of the most effective and budget-friendly ones:

Transform its Look

Every person is different and so is their perception of luxury and comfort. So, consider this factor when changing the look of your apartment. Do not transform its look based on your own likings. Rather, look at the apartment from an outsider’s perspective and design accordingly.

The ideal approach would be to create a balance with a modern and simple look. If the look is plain and boring, it can turn away the potential renters. Similarly, in case if it’s too modern, it may not appeal to those looking to have a minimalist approach. So, change the look of your apartment in such a way that it paints an appealing picture without being too modern or plain.

Get Required Repairs and Improvements

No one would like to settle in a home that has faulty faucets, leaky pipes or broken cabinets. Even if they do, they wouldn’t be willing to pay handsome rent for such a living space. So, if you want to make your apartment more appealing for renters and wish to earn a decent rent, make sure it is free from any such issues. These are small improvements that can have a big impact on the overall look and appeal of the apartment and its rental value.

Start with the kitchen and bathrooms. These are the most prominent areas tenants tend to pay attention to when inspecting a property. If there’s any repair work, get it done as soon as possible. Similarly, look for areas that can be improved. This can help to increase the rental value.

Add a Separate Storage Space

While bigger apartments have separate storage spaces, it’s the smaller units that falter in this area. However, this is an area that you can work on and improve the chances of your apartment getting preferred by tenants. Of course, creating a new storage room wouldn’t be possible but there are certain ways you can do this. For example, you can get a closet organising system or install shelves along with your bedroom walls.

Add Furnishing Items

A furnished apartment has a higher chance of getting occupied by tenants as compared to unfurnished ones. So, add certain amenities such as a dishwasher, top-class furniture articles etc. to your residential unit to improve its value. It may seem to be a costly endeavour, but when you are going to consider its long-term benefits, this definitely comes across as a worthwhile idea.

To sum it up, there are endless possibilities when it comes to improving a rental space and its value. For example, you can replace your old doors with newer ones. Similarly, windows can be replaced as well. However, it all comes down to how much you are willing to do and spend. But one thing cannot be denied, if you want to give your residential unit a prominent spot among the many apartments for rent in Abu Dhabi, you would need to make certain improvements.