Landlords don’t make any money unless their properties are rented out. While that’s obvious, it’s something quite a few of them struggle with. There could be plenty of times where the property is empty for weeks, even months, on end.
If that happens, it’s natural to feel like you’re doing something wrong. There are solutions, however.
You might just need to make your property more rentable, which doesn’t need to be as difficult as you could think. Making a few small changes could be more than enough to do this. Three strategies help with this quite a bit.
Make Your Property More Rentable: 3 Great Strategies
1. Make It Visually Appealing
The more visually appealing a rental property is, the more interest it’ll get from rentals. It could even command a higher rental price because of it. This doesn’t just apply to the exterior and similar areas, however. The furniture, accessories, and similar smaller areas play an integral role in it, too.
You don’t even need to change all of the furniture to do that. Investing in a silk rug and a few other bits and pieces could be more than enough for this. They shouldn’t be as expensive as you’d think, and you’ll generate a return on investment once renters move in.
2. Increase Storage Space
Storage space is vital for any home, and having the right amount of this will make your property more rentalable than you’d think. Have as much of this as possible without cutting into the actual living space. Your renters will need somewhere to keep their belongings, after all.
There are plenty of ways you can go about this. Even floating shelves could be more than enough to help with this. All you’d need to do is put a little time and effort into installing them, and you’re good to go. It’s more than worth the effort.
3. Improve Energy Efficiency
More and more people are focusing on energy efficiency with their homes, and that doesn’t just mean homeowners. Renters also prefer properties that are as energy efficient as possible. Not only is it better for the environment, but it’s much better for their pockets, too.
Since they’ll end up spending less on their bills, it’s easy to see why they’ll want to focus on this. They’ll look for this in any property they’re considering, so it’s worth focusing on it, too. The more energy efficient your property is, the more likely it is you’ll have renters, especially for the long-term.
Make Your Property More Rentable: Wrapping Up
Trying to make your property more rentable often seems like it’ll take a lot of time and work. It even feels like it’ll need a large investment. While some of this could be true, the smaller changes could make more of an impact than you’d think.
By getting these out of the way, you shouldn’t have anything to worry about. You’ll get more interest from renters because of them, making them more than worth investing in.
