Re-Modifying

5 Ways to Spruce Up Your Rental Property

While landlords have the advantage of collecting income from their tenants, the unfortunate reality is that being a property owner is slightly more work than it would seem. With the rise of “accidental landlords,” or property owners who fell into the role unexpectedly, there are an increasing number of negligent or simply apathetic landlords renting out property to tenants. Many are using landlord software in order to simplify their monthly maintenance and rent collection duties.

One of the biggest mistakes landlords make is assuming that if their property is as attractive as the rest of the neighborhood, it doesn’t require any further care and improvements to find tenants. This couldn’t be further from the truth. Tenants deserve a comfortable and safe place to live, but they have aesthetic desires, too. If your property goes above and beyond, they will undoubtedly choose it over a similar property in the same area. They might even be willing to spend a bit more every month for a particularly beautiful, luxurious home.

If you have recently obtained a new property that could do with a little sprucing up, or you’ve been trying to rent unsuccessfully for years, here are a few surprisingly simple tips and tricks you can use to make your property look move-in ready.

Use a coat of white primer.

Soft colors are known to decrease stress and create a more peaceful living atmosphere. According to the ancient principles of Feng Shui, and modern studies by contemporary color psychologists, the most calming tones are muted greys and soft blues. Bright colors, on the other hand, are likely to drive people away. Red tones in particular are known to elevate heart rate and increase anxiety. In other words, if you want your tenants to feel at home, you need to set the tone before they’ve ever signed the lease.

Painting isn’t everyone’s idea of a fun time, and you’ll have to designate an afternoon or two to dedicate to a process that will certainly leave you feeling a little sore and worn-out the next day, but the results will be well worth it. You’ll be amazed by the difference a little paint can make. Before you list your property, set a plan to beautify it.

Create a sense of privacy.

With more and more tenants renting in crowded urban areas, and constant news reports on violent crimes, anxieties have never been higher about neighborhood safety. Even if statistics show that the world is safer than it was twenty years ago, many tenants still prioritize safety over a variety of other factors. In addition, just about everyone feels they deserve privacy, whether they live in the heart of the city or the heartlands. So how can you help your tenants feel safe?

Even if your property is in a neighborhood that is still going through the gentrification process, you can at least help to make sure tenants feel comfortable. A few quick and easy ways you can do this are by constructing a fence, planting high bushes that obscure the house from the street view, and hanging blinds or shutters in all the windows. If the front window is extremely wide, it might make your potential tenants even more uncomfortable.

You might be tempted to hang a loose curtain and let your tenants handle the rest, but most tenants don’t want to think about ways to improve the privacy situation of their rental home; they simply want to feel protected and safe from the start. You can set their worries at ease by installing secure window blinds or shutters. It’s up to you what style you choose, but plantation shutters in Brisbane are becoming increasingly popular.

Provide them with a vision.

Renovation is important and construction helps add property value, but the biggest selling point for most tenants is whether they are able to envision themselves in your home. It really comes down to how well you can stage a property.

While some savvy home-hunters can glance around and use their imagination, most (especially if young, first-time renters, such as college students or single mothers) are simply looking for a place they can see themselves living in. If your property is sparsely decorated at first glance, you run the risk of scaring away a potential dream tenant.

Present your property in the best possible light, whatever that means for you. Look around and find the problem areas, and then set about fixing them. If the half-bath has peeling wallpaper or there’s a layer of dust on the kitchen counter, take an afternoon and get to work. A good, thorough cleaning not only makes a place look brighter, it also makes you feel better, too.

Deal with any minor renovation issues before you list the property.

You might have bought a real fixer-upper for cheap, and congratulations to you if you found a great work in progress. However, if you only did so with the intention of renting it out quickly, you’ll be sorely disappointed when you find that no one wants to bite. Realistically, if your property is in bad shape, no one is going to want to live in it. Don’t discount the importance of putting in a little extra time to ensure your property looks as liveable as possible.

In addition to being an eyesore, property that needs a little work can also be dangerous for tenants. An old deck with splintering wood should probably be taken care of before anyone moves in. A driveway with a pothole might lead to a vehicular accident. Repairs left unmanaged can lead to personal injury lawsuits down the line.

Whether you have to take down a decrepit old shed, put up a fence around a nearby ravine, or simply tear up some old flagstone, construction is a necessary evil for every property owner. It is arguably more important for those who rent out homes, since they can’t be certain the tenants will be aware of how to deal with repairs on their own, or where the problems might be lurking. Not a handyman? You can reach out to concrete repair professionals or carpenters for all of your needs.

Work with what you have.

Even if your property is a diamond in the rough, you can polish it enough to make it gleam. As a whole bunch of popular HGTV shows will have you know, even the shabbiest, tiniest, and oldest properties can come to life with a little creativity and dedication. Tenants will notice if you’ve taken the time to make your property look different than the rest. Likely, they will view lots of properties, so you’ll want to do everything in your power to convince them to choose yours. Stumped for ideas? Never fear. Even the most unlikely house can become a home with enough love.

Once you’ve figured out some of the positive qualities of your property, you can figure out your ideal tenant. For instance, if a property is cramped or crowded, you might think you’ll have difficulty renting it. However, plenty of people prefer to live in smaller spaces and have even chosen to pare down with a more frugal, minimalist lifestyle. Your ideal tenant might be a busy grad student who is rarely home.

On the other hand, if your property is very large or spacious, you might be nervous that its scale will not appeal to young professionals. You could be right. In the era of tiny houses and living with less, you’re probably more likely to rent to a large family who could do with the extra space. Trying to rent to a couple with kids? A pool is a huge selling point. If you’re willing to put in the time and money, pool builders in Brisbane can help you get started.