Your listings may be all over the Internet and you are getting tonnes of leads. But unfortunately, there may be no good offers insight and you have no choice but to lower the rent.
Or, you could make a one-off investment to make improvements to your property and enjoy a decent rental income for years to come. Plus, with a property so attractive, you don’t have to worry about filling vacancies between tenants.
Here are a few tips to make your property attractive for your prospects.
Spruce up the exteriors
Your property’s curb appeal is the first thing people notice as they step on your driveway. Your prospects will only continue the tour if they like what they see on the outside. So, to make a great first impression, make sure your driveway and patio are clutter-free, the lawn is nicely mowed and the foliage is duly removed. Have your external walls and roof repainted (a single coat would be enough to mask a chipped surface).
If you’ve had your exteriors recently painted, consider getting them hosed down before the viewing to remove dirt, moss and grime.
Outdated appliances can dull your home’s overall appeal. Not only are they inefficient and susceptible to breakdown, but older appliances can also be a safety hazard and initiate a short-circuit situation.
Your kitchen is a great place to start. Upgrade the chimney, oven, stove and fridge. Replace the gas boiler with an electric one – it’s safer, easier to use and has a low maintenance cost. If serviced regularly, these appliances can last up to 20 years without a problem. So, that really is a one-time investment in a long time.
Find the Cheapest Energy Provider
Since some energy providers are cheaper than others, tenants usually take this factor into account when renting a property, especially if they are looking forward to a long-term contract. Before listing your property for viewings, switch over to the cheapest energy provider in your region, and use this as a unique selling point. You can visit the official website of Electricity Wizard where you can compare different energy providers and choose the one that suits your budget.
Grubby bathroom floors & tiles can be a major turn-off for renters. So make sure all your bathrooms are laid out with modern appliances and accessories. If there’s any leaking faucet or running toilet, get it fixed before the viewing and make sure the floor, vanity, mirror and sink are clean and dry. If there’s enough floor space, place a brand new cupboard for storage. Install off-white lights to make your bathroom appear warm and luxurious.
Vivid colours can make your property’s interiors pop but it may be a turn-off for some renters. Paint your walls and ceilings a neutral colour and use matching drapes and carpets to ensure consistency across the interiors. If you are providing a fully furnished property, make sure your furniture and cushions are aligned with the theme too.
This is one of the most important aspects when preparing your property for viewings. Imagine your renters are touring your property and suddenly a cockroach or spider crawls across the floor and vanishes into crevices. That ought to scare your renters away.
A pest control service usually offers a 3-month warranty, which will adequately cover the duration of your property on the market.
Maintaining a rental property can sometimes be stressful. If you already have a full-time job or a business and can’t find the time to manage tenants, repairs and general maintenance, consider hiring an agent on a commission basis.
We hope these tips will help you find the right tenant for your property.