5 Improvements to Increase Rental Property Income in The Woodlands, TXIf you’re interested in increasing the amount of rent you earn on your property, there are a few things you can do. Today, we’re discussing how some smart and simple improvements can increase the rental value of your property. Pay attention to these five points:
Improve the LandscapingMake sure the grass at your property is mowed, the leaves are blown away, and the trees are trimmed. Your landscaping will be the first impression a potential tenant has of the home, so give yourself a great chance at making a positive first impression.
Provide Fresh PaintFresh paint makes a huge difference in the look and feel of a home. The place feels newer and fresher, and there aren’t any visible scuffs on the walls. New paint also makes a room feel bigger. When you use a bright white or light off-white paint, there’s a positive psychological effect that can benefit you when tenants are viewing the property.
Pay Attention to CleanlinessMake sure the home is clean and swept. If you just painted the walls, there might also be a lingering paint smell. Take the time to eliminate odors so the property has a nice, fresh smell. Use deodorizers and candles so the potential tenant enjoys a warm, comfortable feel.
Include AppliancesYou’ll probably provide the tenant with an oven and a stove. Make sure those a fully functional. Consider including other appliances such as a refrigerator, a microwave, and even a washer and a dryer. These are expensive items, and tenants probably won’t want to spend the money to buy them and bring them to your home. But, they will be willing to spend an extra $100 or $200 on rent every month if these appliances are included.
Maximize LightingInstall new light bulbs, and make sure the windows are open. Make sure the lighting is good. This will make your home look brighter and more inviting. Like paint, good lighting can make a room feel larger than it is.
These are some of the things that will quickly attract great tenants and allow you to earn more in rental income. We are happy to talk about these improvements and other things we can do to increase the rental value of your home. If you have any questions about your rental property income or anything pertaining to Woodlands property management, please contact us at Advantage Asset Management.