
As a landlord, you already know that every day your rental property sits empty, the more money you lose. The thing is, though, that there are many different and simple improvements you can make to the property to make it more appealing to potential tenants. From keeping organized records to always being available, keeping your tenants once they move in is different than attracting them to begin with. That’s why in this blog, you’ll find a few tips to make your rental property more appealing to potential renters.
Hire Someone to Manage the Property
A lot of the time, maintenance can fall by the wayside because you’re busy. Then, before you know it, your paint is peeling, the place is overrun with weeds and pests, and you’re too overwhelmed to make it even look good, much less rentable. Those who provide house painting and louisville pest control services (if that is where you reside) will possess the expertise necessary to tackle the problems, so it’s well worth getting in touch with such professionals promptly.
Alas! You may not even have the time to search for these experts, contact them, and finalize their services. After all, you likely have many other tasks to handle – whether it’s expanding your rental business, investing rental income in the stock market, or managing personal commitments. However, maintaining your rental property is equally crucial. So, how do you address this? Seek the help of property managers!
Hire a company that specializes in rental property management in your location to help you out with getting the property ready to rent and keeping it in good condition once it’s rented. Wondering how to go about this? Simply look for “rental management in Toronto, ON (if that is the location of your residence)” or similar phrases on the Web. This is likely to yield you positive results. You can also ask for recommendations from your friends and family if you want to.
Bathroom Improvements
It helps if you look at your rental property the way you’d look at the local bed and breakfast. The first thing you want is for the bathroom to be fully functional, spacious if possible, and very, very clean. You should make the bathroom appealing by letting in as much natural light as possible to brighten the space. If you want to take things a step further, you could consider working closely with a kitchen and bathroom design company in Fleet or a more relevant location, in order to put together a cohesive and relaxing bathroom space. By doing this, you can command a higher price for your property and potentially improve tenant satisfaction, which can make the job of being a landlord easier.
- Additional lighting
- Upgrading fixtures and faucets
- Replacing the toilet
Again, there are many design upgrades you can make to your bathroom, and you should choose them according to the budget you’re working with. However, remember, the better the home is, the easier it will be to rent to quality tenants.
Kitchen Improvements
The kitchen is one of the first places anyone looks when touring a rental property. Affordable updates to your rental kitchen include dishwashers, freshly painted cabinets, new fixtures such as knobs on doors, and faucets, and up-to-date appliances that are energy efficient. You can go a lot further with designing your kitchen to appeal to renters as well, but that is up to you and your budget.
Paint Inside and Out
One of the easiest and cheapest ways to improve your rental property is by painting it inside and out. Nothing freshens up a property like a fresh coat of paint. Make sure to try and stick with neutral colors, as every person has a different personality, style, and how future tenants want to decorate might clash with more colorful paint.
Enhance Your Curb Appeal
Everyone knows that curb appeal is key if you want to be able to rent a property quickly. If a tenant pulls up to the property and the yard is overgrown, trash is everywhere, and the screen door is peeling and falling off the hinges, it’s a pretty safe bet that they aren’t even going to want to see the inside of the property. If you hire one of the Richmond landscaping companies, maintain the exterior of your property, and take pride in the place, your tenants will as well.
When revamping your outdoor space, choosing high-quality landscaping materials is just as important as the design itself. Trusted suppliers like labrador landscape supplies offer a range of products, from soil and mulch to decorative rocks, that can help you create a polished and professional look. These materials can transform an untidy yard into a welcoming, low-maintenance space that appeals to potential tenants.
Although keep in mind, a well-kept exterior does not include only your lawn (or garden) but also the appearance of your home’s surface, the eavestrough, the driveway, the roof, the windows, and such. If, for example, the driveway has seen better days, you may wish to contact local paving companies Lynchburg to spruce it up a little, or replace it entirely. If you cannot think of the last time you brought someone in to perform a pressure wash of your house, then it might be time for you to do exactly that. A property that has been well-maintained over the years might be more appealing for tenants. Many companies like NICK’S Window Cleaning should be able to carry out jobs like pressure washing, gutter cleaning, and any other exterior services you may require.
Make It Secure
If the street lights are out in front of your property and there is no reliable security system, then you might have a hard time renting it out. Beefing up your security with CCTV cameras, motion lights, and high fences is key if you want to rent quickly and keep your property occupied. Additionally, to secure your property further, you’ll need to pay attention to the physical integrity of the building – after all, security doesn’t just mean being safe from burglars and thieves, it means being protected from the elements, too. For this reason, you may want to replace your current roof, particularly if it is damaged or leaking, with a strong and durable Manufactured Roofing solution, and also repair any loose windows and doors while you’re at it.
These are just a few adjustments you can make to make your property more appealing to renters. From making it secure to kitchen and bathroom improvements, if you want to rent a property you have to put in the work to make it happen.
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