10 Clever Tips To Improve Your Rental Property
If you’re a landlord, did you know there are some easy shortcuts to increase the value of your investment and make it a more desirable rental property? By improving your rental property’s curb appeal, you’re inviting more interested tenants to view your property and are more likely to get the property rented faster. Here are 10 clever tips to improve your rental property.
1. Remove Clutter
If you have a cluttered property or an office that’s full of papers, you are not going to get a lot of tenants who want to spend their time there. De-cluttering your property is an easy way to improve curb appeal because it looks more inviting and makes it easy for prospective tenants to look at the inside of your home.
2. Paint to Brighten It
One of the easiest ways to make your rental property look better is to paint it. It’s a great investment not only in terms of looking better but also in retaining the value of your home. If you rent out a home that isn’t painted, you could be losing out on rent because potential tenants may be turned off by it and look for a property that looks better.
3. Fix Any Minor Problem
Once you’ve got your home spruced up and looking good, you’ll want prospective tenants to look around inside. If any faucets drip or any cracks in the walls, those could be problems that deter potential tenants. Before they even walk through the door, they may see these things and turn away without bothering to move in.
4. Add Storage Space
One of the best ways to make your property look more appealing is to add storage space. Instead of having furniture in front of your house that you store occasionally, make it a passive investment by adding a closet. This will keep the house looking more inviting and will also give you a way to increase home value the value of your home.
5. Plants Are Good too
If you love plants and you want them to look good, consider adding flowers or just a nice-looking plant. Not only will this frame your property well, but it will also give the house a more natural feel. Adding plants to the front yard not only looks good but also inspires people to take a closer look at your home.
6. Add Some Lighting
If you’re willing to spend money on improving your property and upgrading your curb appeal, you may want to consider making some improvements that don’t cost a lot but help improve your home and the renters who will be living there. One thing you can do is add a new light for your front door. This is an investment that will come back in dividends as prospective tenants will be more likely to look your way.
7. Place Your Altar or Bookshelf
This is a fine tip that doesn’t look like an upgrade at all. But if you have a special spot for your altar or bookshelf, consider making it attractive by adding some artwork over it. This makes your home look more welcoming and helps potential tenants visualize what it’s like to live there.
8. Mow the Lawn
This trick can make your property look more inviting. If you’ve got an overgrown lawn, consider having it mowed regularly. This will give your rental property a cleaner look, and invest in renting it more appealing.
9. Make it Tech-Friendly
If you’re renting a property and have a lot of renters coming and going, consider making it tech-friendly. For example, consider installing a drive-in carport or putting in an elevator if you have multiple levels. Moreover, if you don’t have any idea what to do, you can use the services of experts like Hunter Gather to help you improve your rental property
10. Add a Swing or Hammock
Consider adding a swing or hammock to your yard for renters who like to relax and unwind after a hard day’s work. Putting in these fun little accessories makes your property more inviting.
If you want to improve the value of your home and make it more appealing to prospective tenants, consider some of these tips. If you’re willing and able to invest, you’ll want to make sure you’re adding features that will appeal to your renters.
About the Author:
Ray is a sought after thought leader and an expert in financial and money management. He has been published and featured in over 50 leading sites and aims to contribute articles to help novice financial planners. One of his goals is to impart his knowledge in finance to educate and help ordinary people create and achieve their financial goals.