Making your property attractive to renters takes plenty of rental property maintenance. There is much more to making an income out of an investment property than just purchasing the property and renting it out. It takes a lot of work to make properties attractive and draw the attention of renters.
The selling points of your property to potential renters include its condition, age, renovations you have made and the amenities available with the property. Every renter has different priorities, but there is much you can do to increase the rental value of your investment property through proper rental property maintenance.
Employing the assistance of an investment property specialist can help you increase the value of your rental property. He is experienced with rental properties and knows exactly what it is renters are looking for in a home. He will help you make a proper evaluation of each property and give you ideas of improvements and renovations that could help increase the rental value of the property.
Some things that your advisor may suggest are landscaping improvements for the exterior of the property, painting the inside and outside, adding siding or trim, and updating heating and cooling systems along with any electrical or plumbing systems that may be faulty. This may seem like a lot of money spent on rental property maintenance, but making these improvements will help increase your rental income potential.
So, what is a renter really seeing when they look at your property? Looking at your property through the renter’s eyes will help you make the property more desirable to renters. People looking to rent take note of the outside appearance of the property. If the lawn is not attractive, this turns them off right away. There should be no clutter outside of property and the inside should be warm and inviting. Freshly shampooed carpets, new lighting fixtures, and a fresh paint job will give the appearance of a well-maintained property.
If you take the time it takes for upkeep and maintenance for an investment property, you should have no trouble renting it. The sooner you can rent the property, the sooner you will begin to see a return on your investment. If you are unsure about which investment property is right for you, make an appointment with an experienced investment property advisor.
