One of the key factors to achieving a great return on your investment property is having a great tenant to match. While your property manager is the expert there to select the perfect tenant for your property, there are a few things that you can do as a property owner to make sure that your property attracts the best quality tenant applications for your property manager to choose from.
Fresh paint – it’s a classic for a reason. A fresh coat of paint in a modern colour can have a huge impact on a property. It will not only ensure your advertising photos look great, but it will mean a fantastic first impression at the inspection.
Get gardening – whether your property is a house or a unit, adding some freshness with natural plants can add that little something extra. If your investment is a house, make sure the lawns are neat and the gardens are pruned. If you’re in an apartment, think about adding some pot plants of a vase of flowers. Not a green thumb? No worries! You can find some good quality synthetic flowers that are impossible to kill!
To carpet or not? – Carpet can be lovely and comforting, but if you’re going to have it, make sure it’s clean and in good condition! Replacing the carpet may be a short term expense, but you’ll see long term returns in the quality of tenants. It’s also a good idea to consider if tiles or floorboards are a better option for your property. There are so many low cost options with floating floorboards that look nice and modern, and are easy for your tenant to maintain.
Whether you make some large scale improvements, or just some small changes like new curtains or updated décor, taking the time to make your investment property stand out will help attract the best tenants. Remember that your tenant is ultimately looking for a home, so helping them feel right at home immediately will help your property manager to achieve the best results for you.
