If you’re looking to rent out your property and you’re new to the world of being a landlord, then you might not be sure what tenants are looking for when they’re in the market for a rental property. Every day that your house or flat stands empty is a day’s revenue lost forever. If your business has bought properties to rent out and you have a directors guarantee on it like those offered by Sam Conveyancing then you will be more motivated than ever to get someone into the property and pay the bills. Here are some helpful ideas of ways to make your rental more attractive in a competitive market:
Don’t Underestimate Curb Appeal
First impressions mean a lot. Tenants often make up their minds about a property before they’ve even stepped inside. Make sure the outside looks as inviting as possible without spending much by carrying out tasks such as pulling up weeds, removing rubbish, cut the grass and maybe add a potted plant by the front door. A little thought and very little expense can make all the difference.
Quick Coat of Paint
You can pick up a can of paint for very little and you’ll be amazed at what a difference a quick makeover can do to an interior. It will instantly feel cleaner and fresher, lighten up areas and work to highlight any unique architectural features. For a rented property, a semi-gloss or satin paint will ensure that any marks or grease can be easily cleaned between tenancies. Whatever your personal preferences, go with neutral colours as its easier for tenants to blend in their furniture and accessories plus they’re not going to be put off by that lime green bathroom
If your property is not currently double glazed, then you should seriously consider it. Most professional tenants will look for features such as double glazing as standard these days. Savvy tenants will understand the benefits of insulation and energy saving that comes with good quality double glazed windows and doors. It’s a great investment for your property in the long-term, makes the place look attractive and offers increased security benefits. It’s low maintenance and incredibly durable.
Kitchens and Bathrooms
These two rooms are often deal breakers for tenants. Don’t panic, you don’t have to think about a complete refit but a thorough clean goes a long way in attracting tenants. Mop, polish, and wipe as nobody wants to walk into a run-down, grubby toilet! Mirrors should be shiny; grouting should be cleaned up or replaced and cobwebs removed from light fittings. If any bulbs are out, then these should be replaced. Making any further improvements is then up to you but the very least must be a good deep clean. Tenants want to be able to walk in and imagine themselves living there so clean and tidy is a minimum.
Having enough living space is another requirement found near the top of a tenant’s desires. Look around your property and identify if there are any areas that can be cleaned out, repurposed, or freed up in some way to increase the space available for the family moving in. People are generally prepared to pay a higher rent for a larger property, an ensuite, extra bedroom or having garage space available.