How to Improve Your Rental Property

Property Management Summerlin – How To Improve Your Property

At IMS Realty Real Property Management, we understand that it sometimes can be difficult to attract potential tenants. Each tenant has a different set of needs according to personal tastes, distance and ease of travel to and from work or family, whether or not pets are allowed, and the list goes on.

Especially when working with renting and subletting, it’s possible you are attracting young people or shy individuals who lack experience with property management. Even tenants on a tight budget want to live in a comfortable, attractive home; nobody feels good about their property if it is unattractive.

Here are some small ways for you to spruce up the property and make it seem as friendly, welcoming, and homey as possible.

• The Outside Matters

First impressions of your property as absolutely essential for drawing in tenants. This cannot be understated. Take a look at your property. Dead grass, old shrubs, and rusted chain-link fences are slightly less than welcoming.

Even if your tenants are particularly outdoorsy or nature-oriented, they will absolutely appreciate a few flowers. Do some research on which lawn plants grow quickly and don’t require constant watering and it can make all the difference.

If your property is more urban, potted plants on the stoop, hanging planters with long vines, and even wind chimes can brighten up the appearance. You’ll also want to to take care of any flakey paint or mildew-coated siding – and don’t forget the front door. Replacing or refinishing the door can change the entire appearance of the property face.

• Attention to Detail

Smaller décor details like curtains instead of those plastic slatted shades can really pull a room together at little cost.

It truly is the little things that make a home really feel like a home. For instance, instead of typical flip switches, light dimmers are usually a huge hit among tenants, and are surprisingly inexpensive and easy to install.

They’re modern, fun, and give the tenants the opportunity to set any sort of mood-lighting they’d want. Refurbishing your hardwood floors can also give an older property a fresh, new look. A little sanding, a little stain, and some polish can go a long way.

• Color Your Walls

Light, neutral colors are a great way to make small spaces appear brighter and more spacious. Tans, creams, and grays appeal to a wide audience and go with most furniture and décor, but nobody wants to be surrounded by beige everywhere they look.

Don’t be afraid to vary the shades of the trim, or ask a friend with a better eye for color what sort of non-gray shades – light blues, light greens, some browns – are in style.

• Keep it Clean

Go further than just sweeping the floor before a showing. If a faucet leaks, replace it. Work on pesky countertop or sink stains. Polish your chrome, caulk up the grout. You’ll be glad you did when your potential tenants notice how welcoming the property is. You’ll also want to consider installing a central air-conditioning system or a smart thermostat to make things as accessible as possible for your tenants.

• Modernize

While brass light fixtures and dull, dark metal cabinet door handles may have been in style decades ago and still technically function today, they’re nearly sure to turn away a good number of tenants, especially young people who are used to more contemporary designs. Old linoleum kitchen tiles should be updated, and don’t be afraid to repaint or even replace cabinets. Living rooms and bedrooms can be pretty much left alone since they’ll likely become much more personalized, but bathrooms and kitchens should be given attention.

We hope that these tips will help you freshen up your rental property, and we encourage you to call us if you have any concerns or don’t really know where to start. At IMS Realty Real Property Management Summerlin, we’re well-versed in maintenance and property security as well as the behind-the-scenes paperwork, tough phone calls, and contracts. If your rental property is unattractive, even if it is fully functional and clean, the reality is that it will take much longer to rent out and can result in you losing money in the long run. So be creative, do some research, and have fun – your tenants will thank you!

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