How To Make Your Rental Property Stand Out
Renting out a real estate property is an excellent way to earn an extra income. However, there is more to renting than having an empty house, apartment, or condo. You also have to think about how you will make it attractive to the right tenants. Keep on reading to know how you can make your rental property stand out.
Spruce Up Your Curb Appeal
The first thing that prospective tenants of your rental property will see is not the entranceway. It won’t even be the front door. Instead, it will be your curb, which is why you need to be more conscious of your curb appeal. Think of your curb appeal as your prospective renter’s first impression of your property. Hence, there are things you can do to spruce up your overall curb appeal for the better. Keeping up with your landscaping is one way you can improve your curb appeal. Ensuring that everything is neat and that there are no fallen leaves is another way to make sure your curb is welcoming.
Embrace Smart Technology
Nowadays, more people live their lives while using innovative home technology to improve their quality of life. Therefore, if you want to make your rental property stand out from all the other options out there, you can incorporate smart technology into it. One example is connecting your light bulbs with your phone so that you can turn them on and off remotely. You can also purchase energy-efficient and hi-tech coffee makers, TV, air conditioner, and fridge. You can extend that innovation to your parking space aside from using smart technology in your rental property. ParqEx, a parking solution technology provider, can help you manage your parking spots and regulate it all through your phone.
As much as possible, you should not fill your rental property with personal belongings. Instead, stage it in a way that will allow potential tenants to understand the purpose of a space. A key to great staging is ensuring that everything is spic and span. Get rid of any personal decorations and only keep those statement pieces to make your place look drab. Some examples are faux plants, a macramé hanging on the wall, and art pieces. If it’s something you cannot do, you can hire an interior decorator to stage it for you.
Clean and Maintain Your Rental Property
At Maid Sailors Home Cleaning Services NYC, we believe that it’s vital that your rental property is well-maintained. This means ensuring that the property is regularly cleaned. Maintenance also includes checking for leaky faucets and pipes, busted lights, molds in the bathroom. That’s because how your property looks can compel a tenant to rent it or not. If a unit looks problematic, they would not want to rent it. That’s because the tenants will deem it as an additional expense on their end. On the other hand, a well-maintained property allows you to increase your property’s rental value.
Work on the Kitchen and Bathroom
Aside from the bedroom, the two most important rooms in your rental property would be your kitchen and bathroom. If you’re looking to make any notable upgrades in any part of your rental property, you should focus on these two rooms. There are plenty of features there that you can upgrade to help make your property stand out. In the kitchen, getting new and modern appliances is a huge plus for many potential tenants. Upgrading your current countertops is another cost-effective way to update your kitchen. You can upgrade the fixtures like the faucet, the showerhead, and the toilet for the bathroom. Don’t forget to keep things clean in there as well.
Add Extra Rooms
If you’re looking for significant changes in your rental property to make it stand out, why not create an extra room? If you think you have the space for it, you should consider giving your property a spare bedroom or even a second bathroom. When you add extra rooms to your rental property, you can attract more eyes to it. Aside from that, this is an additional feature that could help you raise the rent prices for your property. Of course, if you think adding an extra room would make the rest of your property look small and crowded, it’s best not to add space.
Create Some Outdoor Space
If you have a property with an outdoor area, you should work on that place and create a more welcoming outdoor space. Having an outdoor working space that is welcoming and appealing can be the reason why your rental property will stand out. After all, few rental properties can have an outer area that works. Adding a few chairs and tables in that outdoor space can make all the difference in making it a more workable and appealing place.
Stick to Neutral Paint Colors
When considering the color palette of your rental property, try and stick to neutral paint colors as much as possible. For example, white is a reliable paint color for your walls because it’s much easier for people to picture themselves using the walls that way. It also makes the room a lot brighter, which is more refreshing to look at for people. Other neutral paint colors to consider would be cream, beige, and grays.
Secure the Property
Another exciting way you can make your rental properties more appealing is by adding built-in home security. Heading home security in your rental property can make it all the more attractive, especially towards women and families. In addition, you can use your home security as a significant selling point, especially when talking to a tenant interested in having a more secure home. After all, a secure home it’s a comfortable and safe home.
Over to You
When you have an unoccupied house, apartment, or condo unit, it makes sense to have it rented out. That’s because it is an excellent way to earn passive income. However, it would be best if you also considered how you could attract the right tenants. First, you need to list down your property as available for rent. Second, you need to make it look attractive to potential tenants. As such, you can follow the tips listed above to make it happen.
About the Author:
Jacky Xu is the Chief Operating Officer for MaidSailors.com, home cleaning services NYC. Maid Sailors provide a wide range of cost-effective yet high-quality cleaning services that are sure to delight their customers.
If you’re looking to increase your property’s overall security for tenants and management alike, check our ParqEx’s Access +, LPR, and Enforcer App & book a demo with us today!