Preparing your home to lease
Making the decision to become an investor and lease your property to complete strangers can be extremely daunting and, at times, overwhelming. So what can you do to ease this?
The first step would be to arm yourself with as much information as possible about renting your property. Do you want to self manage or would you prefer to put your investment into the care of a property manager? Then make an informed decision.
Secondly, we would recommend that you take an honest look at your investment, and try to see it as it really is, as others will undoubtedly view it through critical eyes. Would you live in this property in its current condition? If yes, great. If not, why not? Do you need to make some changes, complete some maintenance?
Here are some suggestions on preparing your home to lease:
- If the paintwork is looking tired, consider repainting.
- Look at the floor coverings; are carpets threadbare, are there tears or frays that could be repaired? A professional clean may improve the look of your carpet.
- Ensure appliances in the property are in working order. For safety reasons, you should seriously consider servicing gas heaters, hot water units, pool filters and smoke detectors on a regular basis.
- Externally, clean roof gutters, tidy gardens and prune trees and bushes.
These are only a handful of suggestions, but it is up to you to ensure your property is habitable and safe for someone to occupy.