If you want to make your rental property more attractive to new tenants, start by evaluating what it has to offer. From large-scale renovations to staging and cleaning, you can make a wide range of changes to create a more attractive property.
Here are some of the best tips to attract new tenants to your rental property.
1. Update the Interior
Recently constructed buildings and renovations are high on a potential tenant’s wish list for rental properties. If certain rooms and fixtures throughout your residence are starting to look outdated, it might be time for updates.
In the average home, the kitchen and bathroom are the two rooms that tend to age the fastest due to the higher usage of fixtures and appliances. Consider renovating these areas first if your property feels outdated. If a full-scale renovation isn’t within the budget, swap out your old kitchen or bathroom fixtures and accessories.
2. Add Value With Outdoor Installations
Your property’s renovations don’t need to stop at the interior of the building. Consider investing in outdoor installations such as patio spaces, fire pits, and more. Depending on your location and local climate, your tenants may want to spend as much time outside as they do inside, increasing the demand for outdoor spaces.
Additionally, outdoor installations such as solar panels provide many benefits for rental properties. These devices help increase the value of your property while saving you and your tenants some money.
3. Cleaning, Painting, and Staging
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Indoor and outdoor installations can be expensive, and property managers won’t always have the budget to completely renovate a property after every occupancy. Fortunately, re-painting, cleaning, and staging your rental building can go a long way.
Don’t forget the outdoor space, either. Consider sprucing up the front entrance and surrounding landscaping by sweeping and re-planting. These small steps will boost curb appeal and give your property a more attractive façade.
Remember these tips to attract new tenants to your rental property as you put your apartment or home on the market this year. You can use these tips to spruce up your property and give it a fresh look for potential renters.