Maximise the potential of your investment with a refurbishment.
Is your property in need of refurbishment?
With our expert guidance, you can breathe new life into your property, whether it's a quick refresh or a comprehensive overhaul. Our team will work closely with you to identify the best strategies for enhancing its appeal, from modernising outdated decor to optimising its layout and functionality.
What is property optimisation?
As a property optimisation expert in Leeds, we offer a comprehensive service that helps rental property owners maximize their returns and minimize void periods.
Our team conducts a thorough analysis of the property, provides recommendations for improvement, and then executes the necessary works with our trusted contractors to transform the property into a high-performing let, ensuring optimal returns on investment.
Clear Reasons to Refurbish
Regardless of whether you’re planning a full-scale property refurbishment, or a simple lick of paint ready for a new tenant, there are so many reasons to refurbish your Leeds property. Here’s just a few:
Adding value
A small refurbishment project can be a game-changer for a property, whether it's to attract new tenants or simply add value to your investment.
With minimal effort, a fresh coat of paint, updated lighting, or a new shower it can make a significant impact, increasing the property's appeal and potentially boosting its value.
Cost-effective
Refurbishing a property can be a cost-effective and efficient way to maximise values, especially if you're happy with the overall structure.
By focusing on renovating and updating the interior and exterior, you can achieve a fresh look and feel without the hassle and expense of buying a new property.
Easier life
A refurbishment project can bring a sense of relief and peace of mind by resolving persistent issues and stressors in your property, such as outdated or faulty systems, inefficient layouts, or unsightly fixtures.
By partnering with Property Elevate, you can trust that the refurbished space will not only be visually appealing but also functional and well-maintained, reducing the need for future repairs and renovations.
How does it work
The property optimisation process involves a thorough analysis to identify the most impactful changes that can make the property attractive to modern tenants and increase profitability. This may include simple updates like new carpets, décor, and furnishings, or more extensive renovations such as installing new bathrooms or kitchens, altering the layout, adding rooms, or converting unused spaces.
Our team of experts, including architects, planning consultants, and structural engineers, can handle all aspects of these projects to ensure a successful outcome.
A strategic approach
It is not only the quality of the property that impacts the income, the rental strategy is equally as important.
We can provide expert advice on various aspects of HMO management, including determining whether to rent as a single joint tenancy or on a room-by-room basis, identifying the most suitable tenant types to target, and optimising the timing of renovations to minimize disruption and maximise rental income. Additionally, we can offer strategies for pre-letting the property to mitigate risk and ensure a steady stream of income.
We pride ourselves on building long-standing relationships with Landlords and Investors and will work with them to optimise their property on an ongoing, cyclical basis. It’s also a key part of our property sourcing service, as well as being a fundamental part of any Property Elevate development.
To stay ahead of the curve, it's essential to stay informed about the latest trends and shifts in the market, from evolving rental demand patterns and decor styles to changing tenant expectations. By doing so, property owners and managers can make informed decisions about renovations, pricing, and services to ensure optimal occupancy and maximize returns.
The HMO market has indeed undergone significant changes in recent years, driven by shifting tenant expectations and budgets, as well as increased regulatory scrutiny. As a result, what may have been a successful HMO strategy or property in the past is no longer viable or profitable today.
The outcome of the property optimisation analysis is a robust plan for works and rental strategy, designed to generate the maximum return.
Letting your property
Once the renovation is complete, we'll add the finishing touches to bring the property to life, and our trusted letting agent will take over to market it to potential tenants.
With expertly captured marketing photos and 360-degree virtual tours, we'll showcase the property's new features and amenities, making it stand out from the competition and attracting top-quality tenants at the elevated rental rate.
Why choose Property Elevate to refurbish your rental property?
Trusted tradesmen
We have a wide network of fully vetted contractors, ensuring that all works completed are of a high quality, for the long term.
Completion dates
Timing is everything! Whether it’s preparing your property for the student season, or sorting it for a quick sale, we give realistic timeframes and we stick to them.
Quality
We don’t take short cuts. We understand the value of long term investment and have a vested interest in doing a great job - our reputation.
We look after your property as if it we our own.
Peace of mind
Our contractors will provide full warranties, certification and insured tradesmen on all plumbing, electrics, appliances and kitchens.
Communication
You’ll have a dedicated Property Elevate project manager throughout your project, which ensures excellent communication and full transparency.
Full 360 service
We’ll handle it all from conception and planning to cost of works and project management. We’ll also ensure compliance and even sort soft furnishings and staging, so it’s ready for tenants to move straight into.
Market knowledge
We have an in depth knowledge due to years of experience of what tenants or buyers are looking for. That means we understand what will secure a tenant or buyer more quickly, and for a higher rent or price. We can focus the improvements in the areas that matter most, in order to make the maximum impact on the value of your investment.
FAQ’s
Learn more about Property Elevate's refurbishment and property optimisation service.
Our team have been serving landlords and investors in Leeds for years and are proud to offer support with property refurbishment in Leeds and its surrounding suburbs.
The Leeds rental market is a competitive place full of discerning tenants. Not only do we have rich experience as property developers working on a range of property maintenance and refurbishment projects, but we also have lots of experience and knowledge about the local area as well as what local tenants are looking for.
All of this, plus our commitment to delivering the best possible service to you and our long line of happy customers, makes us an excellent choice for your refurbishment needs, from minor works to full scale projects.
Let us take the hassle out of your refurbishment project and get your property ready for renting with our tailored Property Optimisation service.
Properties become tired, increasing maintenance, increased voids, lower rents and lower quality tenants conspire to create a downward spiral. Without intervention, the asset of the property soon seems like a liability, as mortgage costs and maintenance costs increased against a declining rental income.
Buy optimising and refurbishing the property, focused on the target rental segment, the income is restored, voids eliminated, and maintenance contained.
With refurbished properties commanding a substantial premium over unmodernised properties we have seen growing demand for our hands-on 360 degree service from Landlords who needed assistance to turn a poor performing property into a stable investment.
In the student market, our refurbished properties let early, for higher rents, ensuring our clients can relax, knowing they income is secured 6 to 9 months ahead!
We offer a unique service that enables us to transfer our expertise of what the market requires into an actual finished property – perfect for the prospective tenants.
Usually, the process is broken down into the following three main stages:
The first step is the Property Optimisation Analysis, where we will undertake an indepth review the property and its potential. We will consider both the current condition and options for improvement – based on:
- Budget
- Desired outcomes
- Potential capital investment
- Estimation of what rents and capital value could be achieved with improvements
Once we agree our preferred course of action, we’ll then proceed with:
- Gaining comprehensive costing of the proposed works to the property, from fully stripping and refurbishing to the finer details of replacing carpets, furnishings and lampshades
- Project managing the works on your behalf – whether you are a Leeds local or further afield, we offer a completely hands-off service
Once the works are completed, we’ll then hand the keys back, with the pack of information. If required we can refer you over to our quality Letting Agent partners to:
- Take new marketing photos and virtual tours to show off the improved property
- Full marketing and letting service to achieve new higher rental figures
Our experienced team offers honest advice on what a property needs in order to be transform it into a viable, stable property investment – and how to ensure great market rent with minimal voids.
With this in mind, and working within an agreed budget, we then work with our experienced contractors to provide a fully project managed renovation.
We remove the stress of trying to secure a reputable contractor, ensure the property works are completed in line with what the market requires and to the requisite standards required for letting, and solve any issues of bringing together the renovation itself along with the furnishings, flooring and final details.
Not at all! We will project manage everything for you. Property Elevate takes care of the entire process from start to finish. Many of our Landlords and Investors live overseas and never even physically visit the property themselves. We offer a totally hands-off service, keeping you updated with pictures and videos of what is happening on site.