If you’re a rental property owner, you probably always find yourself creating strategies to make your property stand out. Especially in the wake of increasing competition in the real estate industry.
Making a few adjustments can make a great difference in helping your property attract tenants. Long-term renters are looking for properties that are updated and come with modern and efficient facilities. If your property is competitive, you're guaranteed a steady rental income.
If you're looking for ways to make your property attractive to renters, the following simple but effective tips will be of great help.
Maintain Your Property
Whenever your property falls vacant, you need to keep up with maintenance and ensure basic property upkeep is not ignored. Investing some money in basic maintenance will keep your property in a pristine condition.
Basic things you can do include cleaning the carpets, thoroughly scrubbing each section of the house, and wiping window sills and baseboards. Examine each room and take note of areas that need to be repaired. Even the smallest issues such as a toilet not flushing properly, or a loose doorknob should be addressed.
Secure Your Property
When tenants move into a new property, there is always some uneasiness about security. One way to solve this issue is to install a modern home security system that will make your tenants feel at ease.
When at your property for viewing, your potential renters should realize you've invested in a sophisticated and modern home security system that will detect and prevent any unauthorized entry. If your property has all the necessary security installations, you do not only get a tenant quickly, you can also justify renting it out at a higher rate.
Update the Rental Property’s Fixtures & Design
Doing small updates on your rental property can make a huge difference. You can do simple upgrades such as replacing old ceiling fans or other fixtures with newer ones. Having an eye for design is a plus because it gives your property a great transformation and that in turn gives it a fresh new attractive appearance.
If you don't have an eye for design, you can seek help from an interior design expert or a friend or family member with a creative mind. Upgrading the fixtures will definitely boost the appearance of your rental property.
Install Environmentally-Friendly Appliances
Modern properties are increasingly adopting green energy. Make your rental property more attractive by using energy-efficient appliances. This not only helps to conserve energy but also helps your tenants save money on electricity bills.
Nowadays, most home appliances such as washing machines, and refrigerators, as well as toilets, have energy-saving models. Not only that, some states offer tax rebates for an environmentally efficient home.
Boost the Rental Property’s Curb Appeal
Even though you might have a beautiful house, the lack of curb appeal might complicate your chances of renting out your property. When looking for a tenant, first impressions count. You want for your tenant to be impressed by the exterior of your property before they even come in. Some awesome ideas for improving your curb appeal include removal of weed, debris or trash around the property.
The lawn should be properly manicured, and outdoor light fixtures and address numbers should be in good condition. Try and trim fences for a tidy look, remove chipped paint, repair any hard areas such as brick or concrete walkways and add seasonal flowers.
Another quick tip would be to choose an out-of-sight spot for dumping garbage.
If you don't have the time to do all this on your own, hire a landscaping expert or company to take care of beautifying your property exterior.
Do a Paint Makeover
Painting is one of the simplest ways to restore a property and make it look new and attractive. Paint can completely transform a space since, with a fresh coat of paint, you can restore walls, brighten dull rooms, as well as clearly highlight impressive architectural features.
Semi-gloss or satin is a great choice of paint as it helps to remove crayon marks, grease, scuff marks, and grease stains. Ordinary paint takes a lot longer as you first have to paint over stains to get rid of them before applying another coat of paint.
For the exterior, you need to carefully choose a paint that will best highlight the features of your property. In addition, you should choose a paint that is durable and will be able to withstand harsh weather conditions. Houses with fresh and nice coats of paint are difficult to ignore.
There you go! Tips to transform your rental property and make it enticing for renters. The best news is you don't need to spend so much money to make these simple and quick changes.
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