Renting out a house is one of the successful real estate businesses. You can earn a handsome amount through rent and considering the rental market is shooting up evermore, landlords/home-owners are in a position to earn a substantial rent today. If you own a house which you rent out or wish to rent out, then here are few tips for you to earn good rentals.
1. Give an attractive look to your house
Ensure that your house look clean. Before renting out, make sure that every fixture and appliance in the house is in order and working perfectly. While there are external things like narrow lanes and busy traffic which you cannot change, you can always take care of how the house looks.
Here are the common ways to make your house look attractive to people looking for house to rent:
(i) Paint the walls to make the rooms look attractive and new. Choose neutral colours like beige or grey or cream as tenants would move in with their own furniture and may not like bright colour on walls. You can provide them the option of painting the walls with bright colours as long as they agree to paint it back in neutral colours before leaving. Also, go for semi-gloss or satin paint as it would later be easier to wipe off stains of grease or crayon marks.
(ii) If you think the flooring of the rental home is not as desirable as you would want it to be and yet you are short on money to go for a complete makeover; you can opt for carpet tiles. Carpet tiles are small squares of carpeting that serves your purpose of rendering a good flooring at an affordable rate. They can be easily removed as well.
(iii) Clean the house extensively. A clean house is what everybody is looking for. Remove all the stains from areas like kitchen and bathroom. If your house have sparkling clean tube, sink and toilet; then the tenants would be ready to move in as quickly as possible.
2. Keep the house in ready condition
Keep your house in ready-to-move-in condition so that the tenants get a vive that they can shift immediately into the house. A ready house implies that the tenant can occupy the house without any delay and also that they do not have to spend anything on renovations. It increases your chance to demand more rental.
3. Price it right
Always do your research before putting up a price tag for rental house. Many a times potential tenants are averted from renting a house they would like to move in because of unreal rental value. Keep a track of current market price in the vicinity and decide your rent. Check out magazines and online portals to form a clear picture in your mind regarding the price and negotiation offer.
4. Get a good agent/portal
A real estate agent is usually well versed with market price and may be more handful in fetching a better rental than yourself. However, picking a perfect agent with honest background and reputation can prove to be a tedious affair. As an alternative for going to agents, you can post your property in real estate portals like www.commonfloor.com. That way, you have a better platform to find tenants at a preferable rent. Online advertising is the need of the hour as techno savvy young professionals and students are the primary target audience of rental market.
No comments:
Post a Comment