The best way to improve your chances of renting out your property is to make it appealing and attractive to potential renters.
If you are in the market for a new rental home or want to prepare your current house before renting it out, here are some tips that will help you turn any property into an attractive one that potential renters want to live in and help you on your way to becoming a landlord.
Improve the curb appeal
A lot of the tenants who rent your house will be scrutinising every detail to get their money’s worth. So, you need to make sure that it’s worth their while and charming enough for them to stay. Not only does this improve your return on investment, but it could also set your up with a good reputation if you decide to purchase more buy to let properties in the future.
Keep in mind that trying to increase the kerb appeal may be easier than you think. Often, a few cosmetic tweaks are all you need. One of the easiest and most effective means in improving the condition of your property for prospective renters is to get on a routine program of clearing out any overgrown weeds, trimmed bushes, clear out mowing grass, keeping pools clean, trimmed hedges, gates work properly and cleared driveways. This will go a long way in providing prospective tenants with a better visual.
Upgrade Plumbing Fixtures
Plumbing fixtures are one of the most important factors to consider before renting out your property. It’s vital to understand the quality of a single toilet or bathtub can make a huge difference in how fast your renters walk out the door. This includes the flushing system, the seat, and even plumbing fixtures that hold up well under pressure.
More often than not, we see old toilets in many rental properties. This is why it’s important to invest in good plumbing fixtures. In fact, one way to increase the value of your property`s appeal is by upgrading its plumbing fixtures, such as replacing the faucets, showerheads, and sinks with new ones that are more efficient and attractive.
Stage your property
Staging your home makes it attractive to renters. The process of staging is not only cosmetic but also involves subtle tweaks to improve a property’s rental potential. Property staging is the process of arranging and setting your home up to be as appealing as possible to a prospective tenant. It involves getting rid of clutter and personal items, ensuring the home is clean and tidy, de-personalising it, and making it appear larger & brighter.
Helping renters visualise themselves in the space will lower their doubts and increase their excitement for renting. An improved staging helps people focus on the positives from their perspective and not be easily distracted by minor flaws.
Know your target market
Finally, marketing and listing your rental property starts with knowing who your target market is. People looking for rentals are usually focused on the same things: Price and location. Make sure your home is a good fit for prospective renters before you rent out your property.
Whether you are a landlord, property manager, or a tenant is looking for a new home, knowing your market is essential to ensuring the best possible rental scenario. Properties which are well-maintained and in desirable locations will naturally have a much higher turnover in the rental market.