Preparing Your Property to Rent
If you’re wanting to receive the best possible rent and find the best possible tenants to live in your investment property, we’ve got some tips to help you achieve this!
If it’s broke, fix it
It’s important to have everything in tip top condition, from the letterbox to the back fence and everything in between! This also applies to anything small that you’ve just grown used to living with, like mouldy bathroom grout, leaking washers, dripping taps or chipped paint. Small repairs and maintenance now could save you a bigger problem in the future.
Think about what you will be leaving behind or letting the tenants use and make sure it’s in good working condition. For instance, if your kitchen has space for a dishwasher, it’s usually best to leave it as it can add value.
You want your property handed back to you in good condition, so set the initial benchmark high. Just as you would if you were going sell, before you rent out your property give it a good spring clean and make sure it’s sparkling, including:
Prospective tenants are the same as prospective buyers meaning they’ll be more attracted to a well-presented property. From the front entrance (mowed lawns, neat garden), through the house (have you thought about having the property styled?) and the backyard (again having mowed lawns and near garden). Make sure you do your best to have it looking great for the photos and that it is tidy for any viewings.
We highly recommend professional photography be taken to advertise your property as this will be more appealing to prospective tenants and will stand out on the online property portals.
New paint, carpet and light fittings can be a cheap but effective way to update a property. Adding heating and cooling like reverse cycle air conditioning can potentially add value to a rental property. Our Property Managers can give you some great advice on this.
We cannot stress enough the importance of having landlord Insurance. This should be the top of your list when you’re about to rent out your property.