Things have changed in the rental market in the last 10 years. Today, more than ever before, renters want and expect more for the money they spend. There is also more choice now than ever before.

Renters, within the same budget, can find a unit, apartment, townhouse or house. And they can do so by searching the many online real estate websites from the comfort of their home, making judgements based on the images they see.

So the question remains. How can you boost your rental yield in a market full of rental properties? Well if you look a little deeper, many properties lack basic features that are highly attractive to renters. Small changes can go a long way.

Here are our top tips to boost the return on your rental investment:

1. Remove carpet and add timber or laminate flooring

Timber or laminate flooring can completely change the aesthetic of a house, not to mention, it is much easier to keep clean than carpet saving you on maintenance down the track.

2. Install security screens on doors and windows

Security is a big concern for renters, especially when there are children or pets around. Installing security screens on doors and windows provides peace of mind and is an attractive feature, especially in the warmer months when we like to let fresh air in.

3. Make the bathroom fresh and functional

Creating a comfortable and functional bathroom is important. Making small changes such as additional storage, replacing the showerhead, and including a heated towel rail are features that are sure to attract renters.

4. Make the home pet-friendly

Renters with furry friends are always willing to pay extra if their pets can feel comfortable in their home. Floor boards instead of carpet minimise the possibility of damage, and installing a pet door for dogs and cats can help you boost the weekly rent.

5. Make sure there is adequate storage space

Including functional storage areas such shelving in the laundry and kitchen is a great feature, especially for renters with families.

6. Ensure curtains and blinds are clean and in working order

So many rental properties are let down by old lacklustre curtains and blinds. Clean and functional blinds are attractive and will allow you to add that little bit extra to the weekly rent.

7. Add a retractable clothes line

A retractable clothes line, especially for units or apartments is a winning feature as it very helpful for tenants.

8. Apply a fresh coat of paint

Applying a fresh coat of paint every 5-7 years will keep your rental looking fresh and vibrant, creating a lasting first impression during the tenant application process.

9. Use a property manager

Using a property manager is invaluable as they can give you advice on how to best manage your property, they will help you advertise and find quality tenants, and they can save you time and money handling inspections, leasing agreements and maintenance.