Give Your Rental Property the Edge by Making It More Attractive to Renters

Give Your Rental Property the Edge by Making It More Attractive to Renters

Posted by Brian Burke on Tuesday, January 21st, 2020 at 7:57pm.

Rental Property

It’s no secret that the rental property market in Denver is extremely competitive. Landlords are all vying for prime tenants that they can count on to pay the rent on time and keep their property in mint condition. What this means is that landlords also need to find a way to give their property an edge so that it can stand out from all the other properties currently on the market.

Rather than dropping your rent to be the lowest on the market, landlords can use these tips to make their property more attractive.

Be Sure to Highlight Any Tech Features

In today's digital age, there are actually a number of tech features you can install in your rental property. Simply by adding features like a security system that can be controlled remotely, a Wi-Fi enabled smart thermostat, smart plugs, and high-speed wireless internet such as the service offered through Starry, you can give your property a real competitive edge.

No matter how many or how little of these tech features you offer, each one should be highlighted in the listing. These can act as a major selling point and can really draw a lot of attention from potential renters. If you don’t currently have any tech features in the property, now is the time to install them before you rent it out.

Hire a Professional Staging Company

Depending on the rental property, its location, and the demographics, you may also want to consider hiring a professional staging company. These companies will bring in furniture, household items, and décor pieces that help it to feel high-end, modern, and welcoming. It helps a tenant better envision themselves in the space and can help get it rented that much faster.

Go Ahead and Invest in Small Upgrades

While you may not have the budget, or interest, to do a major overhaul on the property, often it can be worth the investment to make some small upgrades. This can include a fresh coat of paint on all the walls, having the carpets steam cleaned, updating the light fixtures, and even changing out the hardware on cupboards.

Create a Desirable Outdoor Space

If your property features outdoor space, you want to be sure you are showcasing it to its upmost potential. This could mean staging a deck or patio with outdoor furniture and a grill, creating a couple of gardens or planters with bright flowers, adding a privacy fence, and just ensuring that the outdoor space looks well cared for and welcoming.

Make Sure Repairs are Made Before Showing the Property

Often, when you have renters move out there are some minor repairs and fixes that need to be made. It's important to get these done before you start showing the property to any potential new tenants. Renters don't want to see your "to do" list, they want to see a property that is move in ready.

By following all of these tips, you’ll be able to get your property in prime condition, making it attractive to a new tenant.

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Brian Burke | Broker | ePRO | Expert   | 303.955.4220 Office | 303.710.2609 Direct |  Brian@kennarealestate.com

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Listing information last updated on February 16th, 2020 at 11:15pm MST.

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