Give Your Rental Property the Edge by Making It More Attractive to Renters
It’s no secret that the rental property market in Denver is highly 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. This means landlords also need to find a way to give their property an edge to 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, you can install several tech features in your rental property. 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 natural competitive edge.
No matter how many or how few of these tech features you offer, each should be highlighted in the listing. These can act as a significant selling point and draw much attention from potential renters. If you don’t have any tech features in the property, now is the time to install them before renting them out.
Hire a Professional Staging Company
Depending on the rental property, location, and demographics, you may also want to consider hiring a professional staging company. These companies will bring furniture, household items, and décor pieces that help it 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 minor 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 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 essential to get these done before showing the property to potential new tenants. Renters don't want to see your "to-do" list; they want to see a move-in ready property.
By following all of these tips, you’ll be able to get your property in prime condition, making it attractive to a new tenant.