Tips for Getting Higher Rent for Your House Residential properties

Tips for Getting Higher Rent for Your House Residential properties

Buying a house is a matter of pride for many as the feeling of becoming a homeowner of residential properties can be indescribable. However, not everyone invests in a property with the aim of living in it. Some do it for real estate appreciation so that they can reap higher returns by selling it at a later stage, while the others may hold on to it and enjoy the regular income it generates. For those who wish to receive constant revenues from their house, here are a few tips that will place you in a better position to assert yourself and demand more rent.

Revamp the Living Space

If you want to rent your house for a good price, you will need to work hard to make the property worth the money. This means you will need to make your house look attractive so that the potential buyers feel that your expectations are justified.

To spruce up the house, you can start by painting the walls in a neutral color. Try to stick to warm earthy shades like beiges and creams to give a clean look. Also, light colors can make the space look bigger. Select a single wall that you wish to highlight and paint it with an accent color. This color will stand out and make your home more lively and welcoming. You can choose from colors like yellow, brown, orange, etc. Move on to the windows and clean them up to get rid of cobwebs and dust. You must open these windows when your potential tenants come to see your house. This will show that your home receives natural sunlight and fresh air, which is very necessary for ventilation and healthy living. If possible, install screens and blinds to keep the bugs out.

Ensure Proper Functioning of Taps and Toilets

Make sure that the bathrooms are nicely cleaned. Check all the electrical fittings and taps and get them fixed in case they are not functioning well. Clean the switch panels and replace the burnt-out bulbs. Also, ensure that the drains are not clogged and there is no seepage problem.

Clean the kitchen

Neat kitchen cabinets and counters make a lasting impression. For a woman, a clean and tidy kitchen can help make up her mind. Repaint the cabinets if you need to or simply replace the handles with new swanky pulls. Make sure the floor is nicely scrubbed and has no stains. All these methods will demand your time and effort but will turn out to be easy on your pocket.

Promote the utilities

If you are not sure of the USPs of your home or are not very good at marketing it, then let the utilities do the talking on your behalf. When people receive added benefits in the form of home amenities, they rate the property much higher. So try carving out some parking space, create electricity back-up or offer ample water supply and storage. This will not only improve your chances of getting in tenants quickly, you can also demand higher rent. This strategy will increase the appeal of the house and also prove to be useful when you do not have adequate attraction in and around your property.

You must increase the space and storage at home. Ample storage will always draw many potential tenants to your doorstep. Also, get rid of the junk to make the area appear more spacious. In case your house is fully-furnished, you must mention that in the advertisements.

The above tips will help you make your house attractive for the prospective tenant ask for a better price, but remember not to go overboard with the renovations as you still haven’t started receiving the regular earnings and not all tenants have the same preferences.

Author bio: A prolific writer by profession, Devika Arora is dedicated to studying the current property trends and compiling facts for the benefit of potential investors. Her articles and other write-ups analyze the realm of real estate and its prospects. The above piece of work talks about property search in Pune.

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