Renting out a unit for the first time can be nerve wracking, especially if you’re new to property investment. The process of marketing your apartments or home, and showing it to interested tenants, means that the living space has to be appealing to the buyers. While you don’t have to go all out and spend thousands refurbishing it to like new, the following includes a few tips from Bellevue property management professionals to ensure that tenants want to move in, and quickly.
Make Sure it’s Ready to Live In
Tenants are much more likely to move in quickly if the apartment is ready to live in with furniture and appliances already installed. While not everyone wants to supply furniture, it is an easy way to rent out more quickly, especially for tenants who are moving into Bellevue. If you don’t want to purchase furniture, make sure that you at least have essential appliances including a refrigerator, washer, dryer, and heating and cooling.
Go With Neutral Colors
Doing an apartment in fun, modern colors is always a great idea, but you want to be careful of using ones that some people might hate. A neutral color palette ensures that the paint doesn’t scare anyone away. If you’re renovating, you can choose to either use all white, or go with light shades of cream, tan, or beige.
Bathroom and Kitchen
The bathroom and kitchen are the two most important things because studies show that homeowners and renters put the most consideration into those two rooms before they move in. Double check to make sure that everything is in good condition, that the water pressure is good, that hot water heats up quickly, and that everything is clean. If you must renovate on a budget, the bathroom and kitchen are the most important rooms to cover.
A clean apartment is one that rents out. No one wants to come in to rent a home and then spend hours cleaning it before they can even move in. Because cleaning services are inexpensive, it’s an easy investment that will help you lease the property more quickly. If you schedule as many showings as possible within a few days of cleaning, you may also be able to get away with just one cleaning.
Don’t Forget the Outside
One of the things that many people forget about is outside of the apartment, home, or complex. If your apartment is clean but the lobby is dirty, trash is on the sidewalks, or the grass is dead, it may be just as much of a turnoff as cobwebs and dust everywhere. Make sure you do upkeep, maintenance, and renovation around the exterior of the property.
One thing that you do want to pay attention to is professionalism, which does affect how you show a home, how the showing impacts the potential tenant, and your chances of leasing the home. A professional Bellevue property management company can ensure that everything you need to rent out a home quickly is done without you ever having to worry about it. This ensures that your home is ready for rent, the rental process and paperwork is done professionally, and all you have to worry about is your next investment.
The discussion herein is of a general nature only and is not to be construed as specific legal advice, which requires the establishment of an attorney-client relationship and fee agreement. SJA Property Management does not provide legal services.