When you're the owner of a residential rental property, there are few things more important than attracting tenants to boost your income. While your property management team can help to make sure that you have as little stress to handle as possible as a new landlord, it's still up to you to think about how you can bring new people or families into your rental abode.
Figuring out what makes your rental property attractive is the first step to making sure that you have a successful investment in place, ready to provide an additional source of income for years to come. Here are just a few quick tips to make your property more rentable.
Figuring out what makes your rental property attractive is the first step to making sure that you have a successful investment in place, ready to provide an additional source of income for years to come. Here are just a few quick tips to make your property more rentable.
1. Make Sure It's in The Right Location
When you're choosing a rental property to invest in, make sure that you focus on finding a neighborhood that's going to appeal to your target audience. In other words, if you want to appeal to families, then it makes sense to look for a space that's close to parks, schools, and other family-friendly amenities.
If you've already bought your rental property, research the location as best you can and try to pull up as much information as possible about the attractive facilities in the area. The more you can show your audience about the neighborhood on your listing, the more appealing your rental property becomes.
If you've already bought your rental property, research the location as best you can and try to pull up as much information as possible about the attractive facilities in the area. The more you can show your audience about the neighborhood on your listing, the more appealing your rental property becomes.
2. Don't Overlook Curb Appeal
Most possible renters will likely drive by your house a couple of times before they decide whether they want to take a look inside. While it's easy to get caught up decorating and enhancing the interior of your rental property, it's important not to overlook the value of exterior curb appeal too.
Make sure that you take additional steps to make the outside of your house look great. For instance, you could consider hiring a team to come and pressure-wash your home, or you could simply invest some time into gardening, and clean up the lawn or pull out any weeds. Try to make the exterior look attractive, without making it seem like it needs a lot of maintenance.
Make sure that you take additional steps to make the outside of your house look great. For instance, you could consider hiring a team to come and pressure-wash your home, or you could simply invest some time into gardening, and clean up the lawn or pull out any weeds. Try to make the exterior look attractive, without making it seem like it needs a lot of maintenance.
3. Stick to Neutral Decor
While it's sometimes tempting to let your own personal style show through when you're updating your rental property, remember that you want it to appeal to as many people as possible. Sticking to gentle and neutral colours on your walls is a great way to ensure that you don't drive away anyone with specific tastes.
Remember, when you're choosing neutral decor for your rental home, you should also consider how you can keep the floors and light fixtures looking "neutral" too. Don't get carried away with anything that's too vibrant or trendy.
Remember, when you're choosing neutral decor for your rental home, you should also consider how you can keep the floors and light fixtures looking "neutral" too. Don't get carried away with anything that's too vibrant or trendy.
4. Make Life Simple
Finally, remember that your renters are going to be looking for a home that's attractive, comfortable and convenient. Make life easy by ensuring that your property has all the features your tenants could want or need. That could mean installing dishwashers and AC units, or it could simply mean giving your people the number of a moving company like Bellhops to get them settled in.
At the same time, when you're making life easier for your tenants, make sure you simplify it for yourself too. Ensure that you have the support of the right property management company to make handling your new rental property as easy as possible.
At the same time, when you're making life easier for your tenants, make sure you simplify it for yourself too. Ensure that you have the support of the right property management company to make handling your new rental property as easy as possible.
