First impressions are critical when a prospective tenant inspects your property.
First, decide what sort of tenant you are targeting. There are tenants who want to save money and are happy to live in a property that is not in first class condition.
There are others, such as professional people, who are happy to pay top rent, but expect the property to present at its absolute best.
There is no doubt that well presented properties achieve top rents and usually attract the best quality tenants, that adds up to a higher investment return, together with fewer and shorter vacancy periods
Here are some valuable property presentation tips
- Tend the gardens, mow the lawns and clean the windows, paths, gutters and outside paintwork. These are all things seen from the street, and you don`t want prospective tenants to dismiss the property before getting to the front door.
- Repair or replace leaking taps, sticking doors, broken light fittings, loose door handles, rotten floor boards, leaky gutters and torn fly screens.
- If you are thinking about painting, only paint those areas that really need it unless you plan on doing the lot. New paint may only make those areas left unpainted look even shabbier. Use light, neutral colours as strong colours may not be to the tenant’s taste. If paint is generally in good condition, touch up the scruffy bits.
- If your property is in a noisy area (such as a main road) inspection times should occur when the noise is at its lowest.
- Get rid of odours that you may not notice but prospective tenants will, such as cigarette or pet smells. It may be worth having the carpets and curtains cleaned, neither of which is very expensive.
- Visit us for more property presentation tips and other resources for the property investor.
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