How to maximise Rental Income
A properly prepared home will not only fetch a better weekly rent and attract a better tenant, it will also help to ensure the whole rental process is simple and easy from start to finish.
There are things an owner would be happy to live with, knowing they could be fixed in time, however a tenant wouldn’t – and shouldn’t – have to deal with. There are some alterations that could make your home more appealing and stand out from the crowd.
So here’s our checklist of what you should consider before renting out your home.
IF IT’S BROKE, FIX IT
From the letterbox to the back fence and everything in between, carry out any repairs to make sure your home is in tip top condition.
This also applies to anything small that you’ve just grown used to living with such as mouldy bathroom grout, leaking tap washers, dripping taps, broken tiles, chipped paint, dragging doors, broken light fittings, leaking gutters, torn fly screens and loose railings. A small repair or maintenance now could save you a bigger problem and expense in the future.
You no doubt want your property handed back to you in good condition, so set the initial benchmark high. Just as you would if you were going to sell your property, before you rent out your property give it a good spring clean and make sure it’s sparkling. Don’t just do the basics, we’re talking about a professional clean including:
- Steam clean carpets
- Clean windows
- Clean curtains and blinds
- Remove any mould, pet or cigarette odours
- Clean bathrooms; eliminating soap scum from shower doors, etc.
- Clean kitchen including exhaust fans, oven, griller, etc.
Make sure you do your best to have it looking great for the photos and that it is tidy for any viewings.
DON’T FORGET THE OUTSIDE
Is the letterbox in need of repair? Are the gutters clean? Are the fences in good condition? Are there any pests or insects you need to deal with?
Make sure you mow, sweep, rake and prune and have the garden looking neatly trimmed.
Consider low maintenance plants and well mulched garden beds