Adelaide Property Market Update January 2022
January 19, 2022Why you’re never too young for homeownership
February 2, 2022Attracting the best tenants is crucial if you want to get a good return on your rental property. If you don’t have an attractive property, you are unlikely to being able to charge rents at market rate or attract the most desirable tenants.
A little money and care spent on preparing your property for rent can make all the difference.
So – what makes a property attractive to tenants?
Quite simply – pretty much the same things that will attract potential Buyers!
Renters will typically look for:
- Properties that present well and are clean, well maintained and safe.
- Properties that are not going to require a substantial cost to maintain on top of rent
- Close to amenities (Schools, Shops, Medical) and transport
- Value for money
- Pet friendly or child friendly depending on their circumstances
- Good storage/built-in robes
- Number and size of bedrooms
- Entertainment/Living spaces
- Air conditioning (heating AND cooling)
- Low maintenance yards/curb appeal
Before putting your home on the market, go through the property and fix up the small details – missing or broken light fixtures, scuffed or chipped walls and doors, torn fly-screens, etc.
Neutral interiors are always more attractive and just as when you sell a property – bathrooms and kitchens can be the deciding factor.
If you have the funds – make sure there is a dishwasher and good quality stove-top and oven. Nowadays there is a growing trend for double door refrigerators. Does your kitchen allow for this or do you have a small alcove that limits the size of refrigerator? This could be a deciding factor.
Think of the target demographic of people who are likely to rent your property. What sort of things do you think they would consider as being beneficial? Does your property have what it takes to attract these Tenants?
Spending a small amount of money to attract good quality tenants at market rent makes more sense than having a vacant property for weeks or months on end.
Need help? Contact us today for a no obligation chat about renting your home. We’d love to help!