Contributed by Natalie Jones from homeownerbliss.info
If you’re looking to rent out your property, you want it to be as attractive as possible to potential renters. A well-designed investment property appeals to your target demographic and attracts the highest number of qualified renters. If you make wise design choices, you’ll enjoy greater returns on your investment down the road. Below are some tips to help guide your decisions while designing an investment property that renters will love.
Get a Professional Inspection
Many first-time investment property buyers don’t realize that a professional inspection is essential. An inspector can tell you about any major repairs or modifications needed before you put your property on the market. They can also help you decide if it’s worth hiring a property manager to manage the rental process and give you property tips.
Address Any Structural Problems
It’s crucial to ensure your investment property is in good condition. Address any structural problems, such as a leaky roof or cracked foundation. Not only will this help you avoid costly repairs down the road, but it also gives potential tenants peace of mind knowing they’re living in a safe and well-maintained home.
Consider Renter-Friendly Designs
If you’re hoping to attract renters to your investment property, consider the design choices you can make to appeal to them. For example, include features that make the space feel homey and inviting, like cozy furniture and decorations. Ensure any repairs or modifications have renters in mind. Finally, don’t forget about amenities, like a garden or gym, to make your property even more attractive to potential tenants.
Hire a landscaper to make your investment property more appealing to renters. You can plant flowers and shrubs, power wash the exterior, and add outdoor furniture. You can assess businesses by reading reviews before contacting a contractor to receive a price and go through your needs. You may also check if landscapers provide discounts or credits if cost is a concern.
Look at Your Competition
Look at what other properties in London, United Kingdom, are doing with design to appeal to renters. What amenities do they offer? What type of designs do they have? Knowing the competition can help you decide what to do with your property.
Have professional photos taken of your property to present to renters. Post on social media and local websites for renters with a tagline to let people know about your property. To showcase your rental to potential tenants, create a PDF. Using a PDF editor, you can edit documents and drawings without printing them. To make changes, upload the file online, download it, and share it.
Protect Your Investment
Forming a limited liability company is a great way to help you with your project. Create an LLC for your company to shield you from lawsuits and protect your assets. You can hire a formation service, which is less expensive than hiring a lawyer, to create an LLC.
Things To Consider
When making your investment property more appealing to renters, there are several things to consider. Repairs and modifications can go a long way, and you must decide if you want to manage yourself or hire someone else. Visit Designed To Sell, home staging experts based in London, United Kingdom.