What to Do When Preparing Your Property for a Rental

Congratulations! You accomplished the first step of deciding you want to rent your property which we recognize is a really exciting moment for you. Now that you have made this decision, you may be wondering how do you get your property prepared for rentals and have it stand out amongst the other homes for rent in the area, well we’ve got you covered! Below are some helpful tips to a successful rental.

Add Unique Value:

What makes your home different? Perhaps you have an ocean view, or maybe you are walking distance from a street that has a lot of activity on it, or maybe you have the perfect view of the sunset. Whatever it is, make sure you advertise it in your listing. If nothing comes to mind there are things you can do to add unique value. For instance, if you are able to pet proof your home it will make your property more enticing to dog owners. In a similar way being able to provide baby gates would be attractive to the people with children. Lastly, being able to provide bikes that the renter can use to get around would be a great unique addition to your property.

Price:

Keep in mind that price is often more important than luxury in today’s market. Overshooting your price can disadvantage you and take you off of many people’s radars. It is important to do your research before setting your prices. Look at your competitors and see what their price is, search what the average price is for a rental in your area, and even consult with a professional if you are facing confusion when setting prices. We are always here to help give guidance and advice. It is a delicate balance of setting an affordable price while still remaining profitable.

Curb Appeal:

The outside of the house is the first thing people see when looking for rentals, so make a great first impression off the jump. One way you can increase your curb appeal is keeping up with your landscaping. Some easy ways to do this are making sure the grass is cut and healthy, the flowers aren’t dead, and the bushes are trimmed. Additionally, having a fresh coat of paint on your house is important. You want the color of your house to pop! Lastly, make sure your home looks inviting and not too cluttered. Many people think that adding curb appeal means adding more knick knacks outside, but that causes a cluttered feel. Keep it simple because simple is beautiful!

Security:

Security is so important for renters when deciding what home they want to stay in. It gives the renter piece of mind that they will be safe during their stay in your rental. Installing some type of security system in your home will make your property stand out for those who do not have anything put in place. If you are unable to add security features, include details of the neighborhood’s safety in your rental so that potential renters have that knowledge.

Appliances/Updates:

Having updated appliances make all the difference in a rental space. Whether it is stainless steel appliances, granite in the kitchen, or updated flooring, it is guaranteed to attract more renters than an outdated space. All in all, there are many things to prepare for before making your rental live. We understand that it can be stressful that is why CREC Property Management is there to help you every step of the way with your rental property. If you’re interested in learning more about the services we provide give us a call at (843) 574-9100 or shoot us an email at [email protected]!