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Guide to making your rental property more attractive

November 27, 2018

There are many properties available for sale, such as Park 51 Residency . Many people have jumped onto the property investment bandwagon, hoping to earn some passive income. Before you jump onto the property investment bandwagon, it is important to make your rental property attractive. This article will guide you through how to make your rental propertyattractive.

Guide to making your rental property, rental property, Park 51 Residency, how to make your rental property attractive

1. Kitchen upgrade

An upgrade in the kitchen will definitely increase your rental rate as the kitchen is commonly known as the heart of the home. After all, it is a place where family or friends gather together and bond among each other. Replace unused and worn out items such as cabinet knots with things that your tenants need. If you notice a clogged sink, get it repair. Keep the cabinets and sinks scratch free and clean. Changing the kitchen countertops,sinks, new cabinets or even buying new appliances can give your house a new fresh look. You could also rearrange the kitchen floor plan to create more usable space for the tenants. It needs not be extravagant or fancy, just a minor renovation will be sufficient, as a functional kitchen area is still much preferred than a extravagant one.

2. Floor maintenance

Replacing your old floor with anew floor is a great way to boost your rental rate as well. You could try replacing carpet and linoleum with high end material such as laminate, tile, stone or even hardwood to add value to your rental yield. They are not only stylish, but at the same time, it makes cleaning and repairing the floor a much easier job for both the tenants and the landlord. The tenants will definitely want the type of flooring that is easy to maintain and clean to keep the house clean as well. However, do check the prices before making such replacement as some tiles can be relatively expensive.

3. Bathroom check

A dirty bathroom can be a major turn off to most people. If there are any worn out items in the bathroom such as showerhead, faucets, lighting, or clogged toilet bowls, do get them fixed or changed as most people, if not everyone loathes having issues when they are using the bathroom, especially after a long day at work. Do keep the bathroom clean and hygienic as well as some people can be really fussy over hygiene, especially bathroom hygiene. The positioning of fixtures and positioning plays an important role in boosting your rental rate as well. Nothing annoys the tenants more than finding a fixture located at an odd place, such as toilet paper holders placed at an unreachable place. A clean bathroom will not only increase the rental rate, it will also encourage your current tenants to extend their contracts and stay longer.

4. Paint

Choosing the right paintthe right color makes a huge difference. Using the right paint can instantaneously revive and brighten your initially dull looking unit. Hence, you can choose a color that will brighten up your unit or a color that adds a touch of liveliness for your unit. Nobody wants to come back to a place where it further brings down the already-tired-from-work mood. Make sure to use only good quality paint as well to protect your home and will certainly last you a few years. If you are unsure of which color to choose, you can always ask for advices from the stores, as most stores offer a wide variety of colors for you to choose from and they will be able to advise you on the matching of the color that suits your house theme.

5. Clealiness

Many people overlook the basic rule of keeping their house in a clean condition. This includes both the inside and the outside. Clear the garbage, sweep and mop the floor, clear the mess, make sure the pathway is clear of unwanted objects. Keep your unit clean, tidy and clear of obstruction. Be sure to check each and every corner for cobwebs and insects. Nonetheless, you should always keep the house clean and free from dirt or garbage as everyone wants to come back to a well-cared house that is clean and tidy.

If you follow these tips, you will definitely boost your house rental value and fetch a better rental rate. Make some renovations or simple improvements to your unit to make your potential tenants feel like it is more than just a house but a home sweet home. Do set a budget to all these renovations or improvements and stick to it, as you do not want to go overboard with what you can afford. However, some improvements do not cost you an arm and a leg and can be quite affordable so always do your research and search for the best price.

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