As a rental property owner, you want your home to be attractive to potential tenants. After all, first impressions are everything! An uninviting and tired-looking home can give off the wrong impression before anyone has even stepped foot inside, which might lead to lost income opportunities. Luckily, there are some simple ways that you can make over your rental home without breaking the bank or having to do major renovations.
From refreshing the paint job to neglecting small details such as door handles and light fixtures; here are our top seven tips from Mavriq Construction on how you can improve the look of your rental property on a budget and get the best return on your investment!
Find the Right Property
There are a lot of things you need to consider when you’re trying to decide whether to sell or rent out your home, from your current financial situation to your long term plans, not to mention how properties like yours are faring in your area. Start by investigating the market trends around you. Then, if you’ve decided to rent, follow the steps below to make your home perfect for new tenants!
1. Install Well-Known Amenities
Upgrade your rental’s amenities with exciting additions, like modern appliances and even an island kitchen! Doing so can give you an edge over competitors in the market to make it more attractive for those ever-coveted tenants.
2. Make Modern Upgrades
Another way to increase your rental’s appeal is with modern modifications. For example, adding some new paint or updating outdated fixtures can give your rental a fresh look and feel. Plus, these changes won’t cost much but could make all the difference in how prospective tenants perceive your rental property.
3. Consider a Deep Clean
A deep clean should be done before any potential tenant views your rental property. Dupray explains that deep cleaning can help eliminate odours and dust particles that may have been collected over time, making it easier for potential tenants to envision themselves living there.
4. Secure the Home
Installing security features like cameras and smart locks can provide peace of mind for potential tenants who want to feel safe in their homes. Smart lock systems are currently very popular and relatively affordable, too!
5. Beautify for Street Appeal
Make sure your rental property radiates beauty and offers a warm welcome to all prospective tenants! Keep the lawn well-groomed, add some colorful flowers or plants around the entranceway for an inviting touch, and then top it off with a power wash that makes everything look spick-and-span—all easy ways to show you care about how your investment looks.
6. Find A Property Manager if Necessary
If you find yourself overwhelmed by managing multiple properties at once, then hiring a professional property manager might be something worth considering. Experienced property managers can take care of tasks such as collecting rent payments and dealing with repairs while also providing valuable insight into local market trends and potential tenant needs.
7. Publicise Your Rental Property
Don’t forget to use the power of social media and advertising when it comes to publicizing your rental property! A good listing will include enticing photos, a detailed description of amenities, and a current rent price. You can also create an infographic to blend images with brief, helpful text that highlights important features and upgrades. And creating one is easy with the help of an infographic maker. Just select a template that suits your needs, add your content and images, and you’re ready to start bringing in potential tenants!
Start Upgrading Your Rental Properties Today!
Ready to make some improvements? We hope this blog post has given you plenty of ideas on how to make your rental property more appealing! From investing in curb appeal to installing popular amenities, there are many different ways landlords can enhance their investment properties before putting them on the market for rent.
Mavirq Construction can help you make your project a reality.