New Landlord? Here is How To Make Your Property More Attractive To Tenants

Renting your property for extra cash is an ideal way to gain a little bit of financial independence and some almost passive income. People become landlords usually because they have been left a property through inheritance or because they have made the conscious effort to buy with the intention of letting it out. 

The rental market at the moment is geared towards the property owners, especially given the current COVID-19 situation. There are more tenants looking for properties than there are properties. However, you still want to make sure your property is attractive to potential tenants so that you get the rental price your property deserves. 

Here, we look at some ways to make it appealing.

Spruce it up – inside and out

As a tenant, there is nothing worse than moving into a rented property, which you pay a big proportion of your salary for every month to find it grubby and in desperate need of sprucing up. It does not take a lot of effort nor a huge amount of money to get it up to a good standard in terms of decoration and cleanliness. The nicer it is inside, the more you are likely to be able to charge.

Of course, you can do it all yourself. Roll up your sleeves, grab the paintbrush and cleaning spray and get to work. However, if it isn’t your thing, or you have work and other commitments that take priority, give the task to the professionals. Mcintosh Painters and a local cleaning firm can do the job for you and take the pressure off you and your tenants.

Don’t forget the outside as well. Mow the lawn, cut back any overgrown brushes and fix any broken fences, gates and walls. If you can, potentially put out some patio furniture and pop a spare lawnmower in the shed. Many renters will not own these things, especially if they have lived somewhere without a garden previously, and it is a nice touch as the property owner. 

Make safety a priority

As a landlord, there are certain rules and regulations that you are legally bound by. It includes things like providing smoke alarms and carbon monoxide monitors, window catches on upper floor windows and yearly gas inspections. However, there are additional, voluntary actions and steps that you can take to ensure that your tenants are kept as safe as possible in their home. 

Advertise your flexibility

Some landlords do not let their tenants make any changes to their homes – not even putting up a picture or mirror. Others do not care what the people living in the property do, as long as they do not destroy the property and pay the rent on time every month. Somewhere between the two is an ideal balance. You want to make sure that your tenants are being responsible but at the same time, it is their home while they are paying the rent and giving them a little bit of flexibility in terms of redecorating it and putting things on the wall can make all the difference.