As a landlord, boosting rental yield is one of the most effective ways to maximise your property investment. But what if you don’t have the budget or the appetite for major renovations? The good news is that there are plenty of cost-effective strategies that can help you increase returns without tearing down walls or installing a new kitchen. Here are five practical tips:
NOTE: Renters Rights Act – This article was written to provide general guidance on improving rental yield. However, landlords should be aware that the UK Renters’ Rights Act introduces significant changes to tenancy regulations that may affect some of the strategies discussed below.
- Review and Adjust Rent Regularly
Many landlords set the rent and forget about it, but the market moves quickly. If your rent hasn’t been reviewed in over a year, you could be undercharging.
Action points:
- Compare your property’s rent with similar listings on platforms like Rightmove or Zoopla.
- Make small, justified increases in line with market trends and tenancy agreements.
- Communicate changes clearly and offer value (e.g., minor upgrades) to maintain goodwill.
- Improve Presentation with Low-Cost Upgrades
First impressions matter. Simple changes can make your property feel modern and well cared for.
Quick wins:
- Fresh coat of neutral paint.
- Upgrade lighting to energy-efficient LEDs.
- Replace tired fixtures like taps, handles, and blinds.
These small touches can justify a higher rent and attract quality tenants without breaking the bank.
- Enhance Outdoor Appeal
Kerb appeal isn’t just for selling homes it matters for rentals too.
Budget-friendly ideas:
- Tidy gardens and pathways.
- Repaint the front door for a fresh look.
- Power wash driveways and fences.
A well-maintained exterior signals care and professionalism, which tenants value.
- Offer Pet-Friendly Options
Pet-friendly properties are in high demand, and landlords who allow pets can often charge a premium.
How to do it smartly:
- Set clear pet policies and consider a small additional deposit or cleaning fee.
- Use durable flooring like laminate or tiles for easy maintenance.
This simple change can open your property to a wider tenant pool and increase rental income.
- Focus on Tenant Retention
Every void period is lost income. Keeping good tenants is cheaper than finding new ones.
Retention strategies:
- Respond quickly to maintenance requests.
- Offer small incentives like flexible lease terms or minor upgrades.
- Maintain regular communication to build trust.
Happy tenants stay longer, reducing turnover and boosting your yield.
Increasing rental yield doesn’t have to mean major renovations or huge expenses. By making smart, strategic changes and managing your property proactively, you can improve returns while keeping costs under control. Start with these five steps and watch your investment work harder for you.
At 3mc, we have a team of expert advisers who can discuss all your mortgage requirements. If you would like to discuss your options, give the 3mc team a call on 0161 962 7800.
All calls are recorded for training and monitoring purposes. 3mc for intermediaries only.
*Your home may be repossessed if you do not keep up repayments on your mortgage. 3mc (UK) Ltd is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register https://register.fca.org.uk/s/ under reference 302992. Please note: The FCA do not regulate Business Buy to Let Mortgages.
