To start, establish a budget based on your market expectation and location. Work out your priorities: What is the level of renovations required, are there structural works to be done and do you need professional consultants on board such as architects, structural engineers or designers. I advise not to cut corners on the infrastructure of your property. A good boiler and heating system is important for the long-term use of both letting it and maintenance. Areas such as bathrooms, kitchens and flooring are all key to the success of the property and should be priority investments. When selecting any of these items, focus on quality and life expectancy.
Kitchen: Stone worktops, quality appliances and buying the best you can afford will be an investment both for letting and long-term capital investment. Choose a kitchen design that doesn’t date too quickly and suits the overall design of the apartment.
Bathroom: Stone or porcelain for floors and walls, to create a stylish and classical look, will be attractive to a majority. Underfloor heating, heated towel rails and de-misting mirrors are extras that add to the appeal of the flat.Beautiful taps add personality and appeal to the overall bathroom design.
Flooring: I’d advise using engineered timber for flooring, never laminates, and decent Wiltons carpets.
Lighting is also key to enhancing the ambience of a property. If your budget will stretch to it, a good lighting system with mood-enhancing controls are features which will demonstrate a premium property.
Tenants expect full Wi-Fi throughout and TV points in key areas such as reception rooms and master bedroom. Ensure that bedrooms have easily-accessible power points. Particularly with foreign markets in mind, consider
air-conditioning within your specification.