Getting The Most Out Of Your Rental Property

When it comes to renting out your property, you want to have a great looking property with plenty of curb appeal. Ideally, you want to attract a great set of tenants that will want to stay for a long time. In fact, every time a renter moves out, you are looking at $1500 to $5000 in turnover costs. In order to avoid the turnover and get the most money for your property, you will need to make some improvements to the home. From enhancing the curb appeal to upgrading some fixtures, you can help make the house a home for your tenants and get a more competitive rate for rent. 

Landscaping

One of the biggest ways to attract the right tenants and get a great looking property is through the landscaping. While mowing is expected, you need to go above and beyond to make your property stand out. This includes pulling up weeds, planting flowers, and adding edging to the flower beds. In doing this, you will increase the curb appeal which is the first thing people notice when they pull up to your property. This will provide a great first impression and could increase the overall value of the home. It is possible to add up to 28% to your home's value with good landscaping. 

Upgrading Fixtures

Depending on how old your home is, you could be dealing with outdated fixtures. It can be difficult to rent out a property with an outdated look. By replacing outdated fixtures like the stove, refrigerator, and other appliances, you can avoid calls in the middle of the night needing repairs. This will also increase the home's value should you decide to sell the house one day. For small upgrades, look at replacing the faucets, cabinet pulls, and light fixtures. 

Fresh Paint

One of the easiest and cheapest ways to transform your rental is with a can of paint. Painting the walls white not only make the space look bigger, it can also give your renters a blank slate. This allows them to decide how they want to decorate the place easier. Instead of trying to decorate around bold colors on the wall, they can visualize a space they are more comfortable in. Fresh paint not only helps you attract renters quicker, it can also give the home a cleaner look. Your renters will feel like the home is well taken care of when the walls have been freshly painted. To learn more, contact a company like Harland Property Management.


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