Should I Upgrade My Rental Property? How to Keep Tenants Longer and Avoid Costly Voids in 2025

Landlords across Newcastle are starting to ask the same question: is my rental property good enough to keep tenants long term?

With fixed term tenancies due to end under the Renters’ Reform Bill, tenants will have more power to stay, or leave, whenever it suits them. This change is more than just legal; it is practical. And it shifts the way landlords need to manage, market, and maintain their rental properties.

It is no longer just about filling rooms quickly. Now, it is about creating homes that tenants want to stay in, pay more for, and look after. For landlords, this means upgrading more strategically and thinking beyond short term rent.

Here’s how to stay ahead of the change.

Why tenant retention matters more now

Without fixed terms, tenants are no longer tied to a contract end date. If the property feels tired, unmaintained, or overpriced, they will not wait for a renewal date to leave. They will move as soon as something better becomes available.

This makes it more important than ever to focus on keeping tenants voluntarily. A tenant who chooses to stay for two or three years will protect your income and reduce the cost of voids, reletting fees, and repairs.

Professional tenants want to stay, but only if you give them a reason

In areas like Jesmond, Gosforth, Heaton and Longbenton, more professional renters are treating their rented properties as long term homes. But with that comes higher expectations.

Neutral décor, durable and modern flooring, updated bathrooms, good lighting, and reliable broadband are no longer extras. They are the new minimum.

If your property has not been updated in the last five to ten years, now is the time to plan a refresh. That does not mean a full renovation. Even small upgrades like replacing tired carpets or repainting walls can be enough to retain a good tenant and reduce turnover.

Student properties offer high yield, but require better planning

In Newcastle, student properties often deliver the strongest rental returns. But they also come with more wear and tear, higher management needs, and tight turnaround windows.

Trying to do a full move out and move in on the same day often leads to missed issues, hidden damage, or declining standards year on year.

Instead, we recommend building in a three to seven day void between student tenancies. This gives time for cleaning, maintenance, and safety checks. It helps protect the condition of the property and reduces the risk of bigger, more expensive voids later on.

Upgrade with retention in mind

Before raising the rent, ask yourself if the property justifies it. If tenants are going to stay longer, they will want a home that feels comfortable, functional, and well kept.

Here are the upgrades that deliver the most value:

  • Flooring: clean, durable, and modern flooring improves both appearance and longevity
  • Walls: fresh paint in neutral tones can transform tired spaces
  • Lighting: bright, efficient lighting makes homes feel bigger and cleaner
  • Kitchens: new cupboard handles, splashbacks, or taps can modernise the space without full refits
  • Bathrooms: working extractor fans, clean sealant, and functional fittings are key
  • Outdoor space: even a small yard should feel tidy and usable
  • Broadband: strong Wi-Fi is essential for students and professionals alike

These small improvements can help justify rent increases, attract better tenants, and reduce complaints or maintenance calls over time.

Voids cost more than upgrades

Losing one month of rent can easily cost more than repainting a property or replacing flooring. Two months of void rent can match the cost of a light refurb. That is why landlords should plan upgrades between tenancies — not delay them until problems grow.

Even a short, planned void can protect yield in the long run.

Still unsure? We offer a free property health check

If you are not sure how your property compares to others in the market, or which upgrades would deliver the biggest return, we can help.

Our free Property Health Check is available to all landlords. We will visit the property, identify where improvements will have the most impact, and show you how this could increase rent or reduce turnover. We can even arrange and oversee the works for you.

Book your free landlord consultation today
👉 https://www.bowsonproperty.co.uk/contact/

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