Whether you're a first-time landlord or a seasoned investor, one of the most effective ways to grow your returns is by making smart improvements to your rental property. In New Zealand’s competitive rental market, tenants are increasingly seeking well-maintained, comfortable, and functional homes — and they’re often willing to pay more for the right place.
The good news? You don’t need a massive renovation budget to see results. With the right updates, you can increase rental income, attract better tenants, and improve long-term value — all while avoiding the trap of over-capitalising.
Here are 17 practical ways to help you boost your rental income and make your investment work harder.
1. Boost street appeal
First impressions count. A tidy, well-presented exterior can immediately enhance your property’s appeal and encourage tenants to pay a premium for a home that feels well cared for.
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Mow the lawn and trim hedges
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Weed garden beds and refresh mulch
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Clean paths and repaint fences
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Wash windows and tidy outdoor spaces
If you own an apartment, small touches like a fresh coat of paint on the front door or a new welcome mat can make a big difference.
2. Refresh the bathroom
A modern, clean bathroom is high on the list for most renters — but you don’t need to do a full renovation.
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Paint over tired tiles with tile paint
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Replace worn-out vanities or tapware
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Remove mould and regrout where needed
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Add new mirrors or brighter lighting
Simple changes can make the space feel new again — and more appealing.
3. Update the kitchen
Much like the bathroom, even small upgrades in the kitchen can go a long way.
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Paint dated cabinets and replace handles
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Install energy-efficient appliances
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Refresh splashbacks or countertops
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Add open shelving for a modern look
Tenants value functionality, and a fresh-looking kitchen can support a higher weekly rent.
4. Offer off-street parking
In busy areas, off-street parking is a major drawcard. If your property allows, adding a driveway or carport could significantly increase rental appeal — particularly in city-fringe suburbs or beachside towns where parking is scarce.
5. Add another bedroom or repurpose space
More bedrooms usually mean more rent. Think about whether your current layout could be optimised:
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Convert a large living space or dining room
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Split an oversized bedroom
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Use ‘dead space’ more effectively
A clever reconfiguration can yield a strong return with minimal outlay.
6. Create a laundry nook
Tenants love dedicated laundry space — especially when appliances can be tucked away.
Even without major renovations, a hallway cupboard or bathroom corner could become a hidden laundry zone with the right layout and storage.
7. Increase storage
Storage is one of the most underrated value-adding features in a rental. Built-in wardrobes, extra shelving, or a storage cupboard can set your property apart.
Affordable options from Mitre 10, The Warehouse, or Bunnings make this an easy win.
8. Build an outdoor living area
Kiwis love outdoor entertaining. Adding a small deck, paved area, or covered BBQ space doesn’t have to break the bank but can significantly boost appeal.
Outdoor furniture, festoon lighting, or a gazebo can complete the picture for prospective tenants.
9. Make it pet-friendly
With many landlords still hesitant to allow pets, offering a pet-friendly property gives you a competitive edge — and can justify charging more rent.
Just make sure to include pet clauses in the tenancy agreement, covering things like professional carpet cleaning or pet-related damage.
10. Improve interior lighting
No one wants to live in a dark, gloomy home. Fortunately, boosting natural and artificial light can be simple:
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Clean light fittings and windows
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Use energy-efficient LED bulbs
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Add mirrors to reflect light
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Replace heavy curtains with lighter alternatives
A bright home feels more spacious — and that translates to higher rental potential.
11. Review your rent against the market
You may be undercharging without realising it. Research similar rentals in your area and compare features and price.
Even a small increase, if aligned with the current market, can add up over time — especially if you’ve recently upgraded the property.
12. Monitor your outgoings
Profit isn’t just about rental income — it’s also about what you’re spending. Review your outgoings regularly:
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Mortgage repayments
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Insurance premiums
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Maintenance or service contracts
You may be able to switch providers or negotiate better rates to improve your overall return.
13. Stay compliant with tenancy regulations
New Zealand’s rental laws are regularly updated. From Healthy Homes Standards to insulation and heating rules, compliance isn’t optional.
By meeting (or exceeding) legal requirements, you’ll attract better tenants, reduce vacancy, and protect your investment.
14. Add security features
A secure home is more attractive — and tenants may be happy to pay more for it.
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Install deadbolts, window locks, or digital locks
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Add security lighting around entrances and driveways
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Keep entryways well-lit and clear from obstructions
Bonus: tenants may benefit from cheaper contents insurance, which increases your property’s appeal.
15. Embrace sustainability
Eco-friendly features like solar panels, heat pumps, or low-flow taps are becoming more sought-after.
These upgrades help tenants reduce power and water bills, and in return, you can often charge slightly higher rent — while adding long-term resale value to your property.
16. Minimise vacancy periods
Empty weeks cost you money. Stay in touch with your current tenants and confirm their plans early. If they’re moving out, start advertising the property straight away.
Sometimes, a small adjustment in rent can help you secure a new tenant quickly and avoid a long gap between tenancies.
17. Work with a professional property manager
An experienced property manager is invaluable. They’ll help you:
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Set the right rent
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Identify cost-effective improvements
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Manage tenant relationships
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Ensure you stay compliant
LJ Hooker Property Managers know the local market inside-out and can provide tailored advice to boost your rental returns.
Ready to get more from your investment property?
Your rental property should be working hard for you — not the other way around. With the right updates and expert guidance, increasing your rental income doesn’t have to be complicated.
Request a free rental property appraisal and talk to your local LJ Hooker Property Manager today for advice on how to improve returns, attract great tenants, and future-proof your investment.
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