Our tips for landlords: Make your rental property stand out.
As mortgages are becoming harder to obtain; this especially applies to first time buyers. It is not surprising that people are deciding to rent instead of buying a home. This might seem like an ideal situation for landlords but in fact it starts a fierce competition between landlords and rental prices.
So if you are a landlord, how do you make your property stand out from the rest? Check out some of our tips below which can make your rental property really stand out for all the right reasons.
Before any tenant moves in you need to make sure the property is clean and in a presentable state. If there are already tenants living in the property you need to give them plenty of notice before you show anyone around.
Damp, Cracks & Condensation
Damp, cracks and condensation are problems that you might overlook. These are really important to a tenant as they don’t want to live in a house which is infested with damp or looks like it is falling down. If you notice any cracks or damp you should get these assessed by a Chartered Surveyor. A Surveyor will be able to tell you the cause and what you can do to prevent these issues.
A parking space can be really attractive to potential tenants; especially if the property is in a busy city. If you can make room for one, it is definitely the best way to make your property stand out from the rest. A lot of other places in the city won’t have one, which means your property will be unique. Even if it means re-building a courtyard to cater for a parking space, it really is a must-have.
Technology has become more important than ever when people are looking to rent. A lot of people have Sky and require the internet. So you could include this within the property. If you are worried about the added costs, you can just include it in the monthly rent so you won’t ever face any financial loss. Perks like this are really attractive to people looking to rent a home.
Renting out a property can be a hard and tiring job. So finding the time and money to make alterations to a property can be a difficult challenge. Just remember, happy tenants means a happy landlord!