Easy Ways To Add Value To A Rental Property
The rental market has always been highly competitive, with landlords seeking to get reliable, long-term tenants who will care for and value their property and not cause them too much hard work.
In 2022, the market is even more competitive than ever before, with rental properties now competing with the house purchase market.
Renting is now cheaper than buying a home, thanks to the pandemic and the rise in individuals seeking to relocate and own a property that they can turn into their dream home.
As such, landlords need to make their properties more appealing to potential tenants and show them that a rented property can be as desirable as one they own outright.
By making your rental property more appealing to tenants, you can also improve your chances of getting a higher monthly rent and keeping tenants for longer.
The longer your tenants remain in your property, the less work you will have to do to find new ones, and the less time the property will be empty for.
Here are some easy ways you can quickly add value to your rental property and make it more appealing to prospective tenants.
Add Trendy Eco-Friendly Features
Sustainability is a key focus for consumers, and renters, in particular, are eager to do their bit for the environment, as this can also reduce their own energy bills. As such, explore cutting-edge eco-friendly features for your rental property. Alongside obvious options, such as alternative fuel sources, consider eco-friendly blinds from providers such as Lifestyleblinds. These stylish and innovative blinds will make a statement and set your rental property apart from the rest.
Use Greenery To Improve Kerb Appeal
First impressions matter when potential renters are viewing a new property, so you need to make sure that the outside of your property looks inviting and unique. This is known as kerb appeal. An easy way to refresh the outside of a rental property is to plant some pretty flowers and sumptuous greenery. If your property is a flat or one that doesn’t have a front garden, then consider using a window box or hanging basket. Flowers and plants have the added advantage of drawing the eye, which can mean that you can reduce the chances of your renters noticing any flaws in the façade of your property.
Stage The Property Before Viewings
If your property is empty when you’re showing it to prospective tenants, then it might be difficult for them to visualise themselves being comfortable in it. As such, you should consider staging the property and using furniture to show how it could look when it’s occupied. Make sure that you’re clear to viewers about what is included in the rent and what is not. Learn how to stage a property for rent so that you can show it off to its best advantage and increase your chances of attracting a high-value tenant.
These tips should help you to enhance your rental property and give you the best chance of getting a higher than average rent for it.