Your Investment Property reveals 9 simple ways to get the best returns from your property investments

1. Good presentation is the key to maximising return on investment. A well presented property attracts interest and creates increased competition among prospective tenants, enhancing the prospects of a higher rental return.

2. First impressions are critical. A fresh, clean and cheery property arouses interest and creates the conditions for the best rent.

3. When a rental property becomes vacant it pays dividends to look at it through the eyes of a tenant and note anything that requires attention. Nothing turns prospective tenants off a property more quickly than scuffed or dirty paintwork, stained carpets or a door hanging by one hinge.

4. It is important to make sure appliances, electrical fittings and hot water services are safe and functioning efficiently. Dripping taps, broken doors, loose window locks and cracked glass must be repaired. The outside shouldnt be overlooked either, since thats what the prospective tenant sees first.

5. If improvements such as new carpets or painting are considered necessary, its preferable to use neutral colours that will fit with most peoples taste rather than bold fashion statements that may be off-putting to some would-be tenants.

6. It isnt necessary to spend thousands of dollars to make a rental property attractive. An internal laundry is a relatively simple and inexpensive improvement for landlords to make, and it can pay significant dividends in terms of higher rental revenue. It will make the property more appealing to prospective tenants.

7. Before spending a substantial amount of money on renovations, it is advisable to seek professional advice about the likely benefit, both in terms of increased rental and the propertys potential to provide greater capital growth in the future.

8. It also makes good sense to maintain properties in tip-top condition throughout a tenancy in order to retain good tenants. This will optimise the likelihood of success with rent reviews and lessen the chances of having to outlay large sums of money to bring the premises up to scratch when it is vacated.

9. Above all, investors need to be realistic about rents and understand exactly where their property fits into the marketplace. Just as vendors often have an inflated idea of the worth of their home, landlords can have unrealistic expectations that can sour the property investment experience for them.

There are pros and cons to renting a property, just as there to owning a home. Both options have their own advantages and disadvantages, for example renting allows you more expendable money in the short term, while owning a house gives one the sense of security as it is considered a long-term investment. Let’s look at all the pros and cons to help you make a well-informed decision of what will suit you, right now.

Home maintenance is the key to a healthy and safe home environment. When a house is kept clean and in good repair it is less likely to develop the problems that will turn it into an unhealthy environment. These problems range from poor air quality in the form of mold and other allergens, to drafts, disease carrying rodents and invasive insects. Even problems with dangerous gases such as radon may prove a problem in homes that do not have home maintenance plans in use. Fortunately your household cleaning or home maintenance checklist does not have to be overwhelming in order to be effective.

Observe Your House

Observing is not figuring out. It is not analysis. Observing is a wonderment. It is open and receptive. It is true learning. Once you can observe potential problems around your home, then what? You can learn where to look and for what. Below are nine quick areas to observe.

1. Siding at lower levels, deck connections, under windows and doors, around chimney. 
2. Sagging or cracked masonry stoop, steps, or foundation; erosion. 
3. High-stress windows and doors, sills, and caps, i.e., those without overhangs or with southern exposure or without storms or gutters. 
4. Trim around chimney, under roof valleys, under poorly hung gutters, at corners or ends, discolored or mildewed wood. 
5. Water that collects or runs toward the house. 
6. Floors that are soft, unstable, or discolored near exterior doors; in bathrooms around toilets and tubs; cracking kitchen tiles. 
7. Discolored or peeling paint inside or out. 
8. Cracks in walls, especially emanating from window and door corners. 
9. Basement or crawlspace water or sweating ductwork.

Use all of your senses to observe. Look for texture and color changes. Look for things not level or plumb. Look for cracks, water, bugs and ants, etc. The eyes can spot much, but also pay attention to your feet. When walking, does the floor seem unstable or soft? Listen for noises or squeaks. Touch discolored areas to see if they are damp. Smell for musty odors. Does anyone start sneezing or have difficulty breathing or get a headache when in a certain area?

Control Dust

Dust has the potential to be a serious health hazard. Not only does it contain the skeletons and feces of dust mites, which cause allergies and aggravate asthma, but it may also carry chemicals that have come off items that have been in the home, such as lead and pesticides. When dusting, use a dampened cloth so that the dust will better adhere to the cloth. Items such as throw rugs should also be routinely washed.

Keep Floors Vacuumed

Carpets should be vacuumed no less than twice a week. The most effective vacuum cleaner is one that comes with a HEPA filter. Vacuuming will not only help to remove dust, but it will also remove pet dander, fur, dirt and other contaminants that could sicken persons inside the home. When vacuuming, move and vacuum behind furniture and other objects. To help keep dirt levels and other harmful substances out of the house, remove shoes before entering. Shoes can track anything that has been stepped on into the home, such as dirt, feces, chemicals, and more.

Check the Exterior

Inspecting the exterior of the house is an important part of all home maintenance plans. Look for signs of wear and tear and make the appropriate repairs. Check for decay or damage to the trimming around doors and windows. Repaint and repair home siding and trim that has become loose or where paint has begun to peel.

Check Windows and Wall

Both windows and walls can be a source of health problems if not well maintained. Inspecting and repairing both areas should be a part of a person’s spring and fall home maintenance checklist. Prevent drafts and excess moisture from entering the home by replacing or repairing any caulking around the home’s doors and windows. If windows are cracked they should be replaced. The walls in the interior of the home should also be carefully checked for evidence of termites. Check that screens are intact to ensure that certain types of pests are being kept out.

Keep Moisture Under Control

Moisture in the home results in mold which can cause numerous health problems. In addition, moisture is also attractive to rodents and insects. To reduce these risks make any repairs to leaky sinks or pipes as quickly as possible. Use exhaust fans in the kitchen and bathroom to reduce humidity while cooking or showering. In absence of exhaust fans, open windows. Leaking roofs should be repaired as quickly as possible.

Keep Air Filters Clean

One often overlooked aspect of home maintenance involves the house air filtration system. Dirty or clogged air filters can result in damage to air conditioning systems, or even in extreme cases, a breakdown or a fire. Filters in portable air filtration systems are also vulnerable to becoming dirty or clogged. Clean air filters can help keep pollution out of the air. Cleaning filters can be as simple as removing them and shaking them clean, while in other cases one can wash them or brush them off. It is best to clean any kind of air filter outside to keep dirt from circulating in the house. This should be done once a month.

Maintain Heating and Cooling Systems

Heating, air conditioning and other types of climate control systems work by circulating hot or cold air through the house. As a consequence, they can become a major potential conductor of pollution in the home. Periodic cleaning of vents and the cleaning or replacement of filters is an essential part of a healthy home maintenance checklist. Regular maintenance of climate control systems is also necessary in order to prevent performance losses or even breakdowns.

source: http://www.improvenet.com