If you own a house and are no longer using it, or your house has rooms that are not in use, renting could be a good idea. A home is a huge investment to let it lie there while you could make some extra income. Besides, renting your home means it will be regularly repaired and maintained, which, if done right, can increase its value. Preparing for a rental house can be daunting, but you can manage with careful planning. By ensuring your home is in good condition and meets all legal requirements. This way, you can attract high-quality tenants who will take care of your property and pay their rent on time. Thus, you can use the following tips and strategies to maximize returns on your investment and minimize any potential headaches.
Clean and declutter
A clean and presentable property will attract many people interested in living there. So, thoroughly clean your home, including all rooms, appliances, and fixtures. This ensures that you’re considering potential renters’ health, especially those with dust allergies. Besides, cleaning will give your home a fresh and welcoming smell.
Declutter by removing personal items and excess furniture to make the space look more spacious and inviting. Imagine you’re going to view a house, and it has the owner’s items. You might feel like the owner is not ready to relinquish the property. Also, you cannot visualize yourself living there. Decluttering can help a place look more neutral, giving the renter room to personalize it how they see fit.
Repair and maintenance
When tenants hunt for a house, they are interested in a well-maintained property with no faults. A maintained property will attract more responsible renters. So, before advantaging your property for rent, check for any damages or issues and address them. You can hire a professional home inspector for an effective and thorough screening for damages. They check on building foundations, leaky faucets, broken appliances, or damaged walls. Ensure nothing that requires repair is left unattended and all electrical and plumbing systems are in good working condition.
Paint and touch-up
You may not have had time to repaint your house. Refresh your property looks with new paint. Fresh paint can go a long way in making your home look unique and inviting. Touch walls and doors with a fresh neutral coat of paint to give the property a clean, modern look.
Furnish and decorate
What kind of decoration attracts people? Or, if you’re looking for a rental home, what could you look for? People have varying preferences and tastes, so as you decorate, use neutral colours and comfortable furniture that complements the style of your home. Decorate with artwork and accessories that add personality and warmth to the space. This will help potential renters visualize living on your property. So, go the extra mile when decorating.
Set a reasonable rent fee
There are numerous properties in a country like Kenya, but rental fees vary depending on location, features, amenities, size, and type. For example, houses for rent in Syokimau can be viewed on the Hauzisha site to get a rough idea of how to prices are. Also, research the rental market in your area to determine a fair and reasonable rental price for your property; this will give you an idea of what price bracket your house is in.
Hire a property manager
If you have a busy schedule and cannot manage your property, hire a manager. Property managers handle the day-to-day operations of your rental property, including tenant screening, maintenance, and rent collection. They can help you save time and money while ensuring your home is well-maintained and attractive to tenants.
Preparing your home for a rental aims to make the place appealing and functional for potential renters. So, as much as it will take time to achieve a comfortable and welcoming place, you will also enjoy the results.
