From Derelict to Delight: Reviving a Neglected Evesham
Property
Here at The Gallery Properties, we’re passionate about
transforming neglected properties into thriving rentals. Today’s case study
showcases how our proactive approach rescued a client’s investment from a state
of disrepair and secured a fantastic tenant at a significantly higher rental
rate.
The Challenge:
Our new client inherited a property that had been managed by
another agent. Unfortunately, a lack of regular inspections had resulted in a
series of problems. The property was in a poor state of repair, with
unaddressed maintenance issues and evidence of an unauthorised pet. The overall
presentation was unattractive, posing a significant challenge in attracting
high-quality tenants.
Our Solution:
- Comprehensive
Assessment: We conducted a thorough inspection of the property,
identifying all necessary repairs and improvements.
- Collaborative
Planning: Working closely with the owner and a trusted building team,
we developed a detailed plan of works. This prioritised essential repairs,
addressed energy efficiency upgrades, and incorporated aesthetic
improvements to enhance the property’s appeal. This included a new
kitchen, new flooring, electrical upgrades, and landscaping the garden.
- Proactive
Marketing: Recognising the importance of minimising void periods, we
started marketing the property before renovation began. We created
engaging video content showcasing the “work in progress,”
allowing potential tenants to visualize the finished product.
- Safe
& Efficient Viewings: Coordinating closely with the building team,
we scheduled viewings strategically to ensure safety during renovations.
This minimised disruption for both potential tenants and the construction team.
- Securing
a High-Quality Tenant: Our proactive approach paid off. We attracted
multiple interested parties and secured three strong applications.
Ultimately, we placed a fantastic tenant at a rental rate significantly
higher than what the property was previously achieving.
The Outcome:
The transformation of the property was remarkable. The new
tenant moved in delighted with the upgraded home. Most importantly, the
proactive improvements significantly increased the rental value of the
property, boosting our client’s return on investment.
Five Key Takeaways for Successful Property Management:
- Regular
Inspections: Proactive maintenance is key to preventing costly repairs
and tenant dissatisfaction.
- Open
Communication: Collaborative planning with clients and contractors
ensures shared goals and a smooth renovation process.
- Strategic
Marketing: Don’t wait for renovations to finish – showcase the
potential with engaging content.
- Safety
First: Prioritise safety for tenants and contractors during any
refurbishment work.
- High
Standards: Investing in property improvements attracts better tenants
and maximises rental income.
By putting these principles into practice, we’re
committed to exceeding our client’s expectations and ensuring your Evesham
property thrives.
The Gallery Properties can transform your rental
property into a success story. Contact us today for a free consultation!
