A bit of work can mean higher rents and better tenants in Perth
We all know that first impressions count. And this is true when it comes to preparing your property for the rental market. Prospective tenants will make judgements about your property in the first 30 seconds of entering it. In fact, many may not even enter the property if the external appearance of the property has put them off.
And those judgements that they make will influence their decision of whether or not to put in an application and how much rent they are prepared to offer you.
But why bother putting effort into presenting your property when vacancy rates are so low, I hear you saying. Well, while it is true that tenants are less picky when vacancy rates are low, it’s still important to make sure you property looks as good as it can. It can pay off substiationally with better tenants, lower vacancies and of course higher rents.
And it doesn’t have to take a lot of effort or cost you a fortune. There are many simple, cost-effective things you can do to maximise the impact your property has on prospective tenants. Here are just some of things we generally recommend:
• Clean everything. It seems obvious but you would be surprised at how often it is neglected. Make sure you get the carpets professionally cleaned.
• Painting is a great way to freshen up a property and it is something that everyone can do – you don’t have to pay a contractor. We generally recommend choosing light neutral colours.
• Make sure doors and windows open and shut properly – there’s nothing like a stiff front door to make a good first impression.
• Check all the light globes are working. Don’t underestimate the importance of this. You don’t want people thinking there are electrical issues with the house when the problem is just a 60c light globe.
• Put some black mulch in the garden and remove weeds – this make a huge difference.
• People generally like well-lit properties so open all curtains and blinds, and consider using some artificial lighting in very dark rooms.
There are many things you can do to help your property make a good first impression. A good property manager should advise you on what you need to do.