8 Tips on How to Make Your Rental Property More Appealing to Potential Tenants

While there are many investment options out there for those willing to take risks, the real estate market remains one of the best. It is not nearly as volatile as other avenues like stocks, and it yields high returns over time because when have people ever stopped buying properties? A better option, though, than buying and selling properties would be leasing them, and it’s a great way to add an extra source of income that is steady. Leasing does come with certain challenges, though, the biggest of which is making the place look appealing to potential tenants.

These are eight tips to help you do that.

1. Get a professional photographer

It doesn’t take an expert to tell you that we live in a digital world where everything is done online, and people basically shop for anything they need on the internet. While that is definitely great for growing businesses and people selling products online, it also might be problematic at times. The first impression you make is on the internet, and if it isn’t a good one, chances are you won’t have the opportunity to make a second impression. This is why it’s advisable that you hire a professional photographer to upload high-quality, clear photos of the property, as most people will be looking at listings online.

2. Do repairs before anything

How well do you think a property with a leaking sink would sell? Or one with cracked paint? It’s very important to fix any issues before even considering leasing a place, because no one wants to rent a house/apartment with existing problems—even if you do find someone, you’ll have to charge a lot less than you need. So, make it a priority to inspect the entire place and take care of any potential problems, no matter how small they are. A trivial detail like a missing door knob might, in fact, deter a potential tenant.

3. Get new parts

You naturally want to save money, not spend it, but you should think of it as an investment. Instead of just fixing damaged parts of your property, consider getting replacements for the things that are in a really poor condition. You can even increase the rent for this, but in any case, it will draw more tenants since you’ll have brought better furniture or facilities to your property.

4. Work on curb appeal

If pictures are how a tenant forms the first impression online, curb appeal is the one they form when it’s time to visit the property. It can be very easy and cost-efficient to improve your property’s curb appeal, and it’s something a lot of people care about when renting. Start by removing weeds and trimming overly long trees, and don’t forget about mowing the lawn as well. Remove all trash or clutter around the place, and make sure you repaint the façade as this is the first thing a tenant sees when they come visit. Small details like painting the mailbox and getting new house number plaques do make a difference, and they won’t cost you much.

5. Clean rigorously

Just imagine a tenant coming to visit your property, only to find an unclean toilet or spots on the floor and the likes. It’s a safe bet they wouldn’t consider renting here, and they shouldn’t. The place will most likely be in a mess when a former tenant moves out, and this is why getting an end of tenancy clean is a must. As indicated at https://royal-cleaning.co.uk/end-of-tenancy-cleaning-london, you shouldn’t try to do it by yourself, because you will definitely miss a lot of spots and do a poor job of cleaning thoroughly, compared to a professional at least. Hiring a trained team ensures the place would be in excellent condition, which would impress any future tenants, as professionals come with their own detergents and equipment that are definitely better than your average product.

6. Put effort into the written content

Considering you’ll most likely be posting your property online, it’s crucial that you put a lot of effort into the content of your listing, which a lot of people don’t. Your description has to be interesting and captivating enough to make any possible tenant want to come and visit, and it has to be properly written—typos and grammatical mistakes don’t usually inspire confidence. You also have to include every possible piece of information on the listing, and don’t leave anything out. The more you add, the better the listing will do. Mention everything from amenities in the neighborhood to nearby transportation, because people care about those things.

7. Be flexible with visiting time

People have varying schedules, and the more flexibility you give them with visiting time, the more motivated they will be to come and view the property. Some landlords require a 24-hour notice before anyone could come view the place, which isn’t really encouraging for a person who might not even know what their day looks like tomorrow. So, it’s best if you make it all-day-long visits, without the need for a notice or anything.

8. Don’t ask for too much

There are probably hundreds of properties up for rent in your area alone, and you need to take the competition into consideration. The quality of your place is important, definitely, but people also care a lot about money. If you set too high of a price, you risk alienating possible tenants who’d just go to someone offering more competitive pricing. So, be sure to set the right rent, and remember that it will help you find a tenant much faster, and having someone rent the place for less is definitely better than waiting for a person who’d accept your higher offer.

Finding a tenant can be rather difficult at times, but you need to consider if you’re going about it the right way. You can’t just post mobile photos of the property in its current condition and hope for the best. Take your time and make sure you’re doing everything right, and you will get a lot of applications to rent your property.