How To Make Your Older Rental Property More Attractive To Renters

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Thousand Hills Realty

If you are a landlord of older rental properties and you find many of your units vacant for extended periods of time, you are losing a lot of money. When you choose a Branson property management company to oversee your property, they can help you make your old property more attractive to renters. By just following some simple steps, you will no longer worry about having too many property vacancies. The property management company will show you how to make your older properties more attractive to renters and they can help find ways to make every unit stand out.

When you want to increase your property's appeal, make sure that it provides a good first impression as that is an important key to attracting potential tenants to any rental home. Curb appeal is key! If your rental property's exterior doesn't seem appealing, any prospective tenant will be hesitant to take the next steps inside.

Here are some easy tips to increase the curb appeal of your property:

Ensure that the weeds, trash, and debris are removed from in front of the property. If there is a lawn full of shrubs, make sure that everything is fully-manicured. If you have a large outdoor area, add a few flowers and plants to create a welcoming atmosphere. Make sure that they are fully alive and blooming because dead plants are worse than no plants.

Remove chipped paint, repair broken banisters, and replace torn window screens. Make sure the light fixtures, house numbers, and mailbox are all in good condition. If they aren't appealing anymore, replace them with new ones that you can buy at a local hardware store or refresh their painted finish.

Give your property a total makeover with a fresh coat of paint everywhere. At the cost of just $25 per can of paint, you can completely transform any space. You can easily revive tired walls, highlight architectural features such as built-in bookcases or high ceilings, and brighten the dark hallways with just a fresh coat of paint.

Most Branson property management companies would recommend the best type of paint to use to paint your rental properties is a satin or semi-gloss paint. This type of paint can be easily wiped to clean up scuff marks, crayon marks, and even grease. Using flat paint requires much more maintenance in the long run, as it often needs a fresh coat to touch it up. Where applicable, you will also need to paint the trim.

Once everything is painted, you should take care of your sparkling clean walls and be extra careful not to smudge or chip and walls and molding.

If you want to paint outdoor railings, shutters, siding, etc., you should select a paint that can handle harsh weather conditions. You need to properly clean the exterior surface that needs to be painted as it is a crucial step in making your new paint long-lasting.

When you want to make your rental property appeal to the masses, stick to neutral paint colors. Even if you think that a hot pink bathroom is appealing or lime green kitchen cabinets are cool with a modern twist, some people will disagree. Stick to neutral paint colors, such as grey, beige, and cream. Your prospective tenants will be able to visualize their furnishings in the space much easier when the color palette is neutral.

The use of neutral colors can be extended to hardwood floors, tiles, light fixtures, and cabinets. Picking a neutral color as a timeless design will save you money in the long run as you won't be spending money to constantly update to the most current trends. Many design experts, including design guru Nate Berkus, recommend timeless finishes such as shake style kitchen cabinets, stainless steel appliances, pedestal sinks in the bathroom, Carrara marble, white subway tile backsplashes, and slate tile floors.

The kitchens and bathrooms are important parts of the house that can help attract renters. This doesn't mean that you have to remodel your kitchen or bathroom completely. The first thing that you need to do is to thoroughly clean these rooms. Mop the floors, wipe-clean the cabinets (inside and out), polish all appliances, deep clean bathtubs/showers, toilets, and polish all hardware. Make sure to also give the grout a good scrubbing.

Before you clean any of the surfaces in your apartment, don't forget to look up. It’s most effective to first remove the dust, cobwebs, and grease from fans and light fixtures. After you have cleaned the whole area, you can decide if any additional measures need to be taken.

To easily make your older rental property attractive to renters, the basic principle is to emphasize its positive sides. If a competitor in the area emphasizes a renovated kitchen, steer clear from competing in that area if your property is ten years old. Instead, make the selling point of your windows that bathe the apartment with natural sunlight. Emphasize your balcony or backyard patio. There are great features to any property - be sure to highlight yours!

To make your rental property stand out from the rest of the properties in the local rental market, follow these simple steps to help make your property attract more renters. If you want even more help making your property attractive to renters, enlist the help of Branson’s premier property management company. Call Thousand Hills Realty today at (417) 337-8081.

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