How to prepare a property for rent?

Renting a property can be a great way to start your own business and earn extra income, but you need to prepare well before you start renting. In this blog, we'll cover the topic of successfully preparing a rental property, along with some tips on how to ensure the property appeals to prospective tenants.

Before any preparations, it is necessary to evaluate your property in such a way as to determine its potential advantages and disadvantages. It is the first step that can help determine the next steps to make the property more functional and attractive.

After the assessment, it is important to make a list of repairs and improvements to the condition of the property. This can include roof repairs, plumbing, electrical repairs, wall and floor repairs and any cosmetic repairs that may be required.

The next step is to thoroughly clean the property and remove unnecessary items and objects, then furnish the interior and exterior which may include decorating the walls, buying furniture, repairing doors and windows, landscaping and much more.

A very important item when decorating a property, although it may seem like a small thing, is adding details such as decorative pillows on the sofa or armchairs, decorative pillows for the bed that fit in with the rest of the decor, artistic paintings or photos on the walls, decorative lamps, curtains that match the rest of the space, decorative carpet, decorative objects such as sculptures, figures or glass vases, plants or flowers and the like.

Such details, both in the picture and live, can completely change the appearance of the property, so it is important not to ignore these elements. As an example of such a decorated apartment by our agency, you can watch a YouTube video, the link of which is below:

https://www.youtube.com/watch?v=m_zv01KFwd0

When the property is completely ready, the last step is determining the rental price of the property, and market research can help in this, i.e. comparing your own property with similar properties.

It should be taken into account that the size and appearance of the property affect the rental value, and it is important to adjust the rental price to the market.

In short, good property preparation is key to attracting tenants and achieving maximum profit, and as with sales, the first impression is often decisive. The process of preparing a rental property can be time-consuming and tiring, but in the end, the effort and resources invested will pay off in the long run! However, if you need help, contact us :)