There are literally dozens of opportunities to post your rental property online and generate a positive revenue stream. That’s the good news. The bad news is that the are literally dozens of opportunities to post your rental property online. That means the competitive is going to be stiff in a crowded market. This is especially true if your rental property is in a “hot” market. That means you’ll want to go a bit above and beyond to entice those prospective renters. Whether it is for short term or long term, these are the repairs to make for boost the value of your rental property:
A Fresh Coat of Paint
The easiest and most affordable way to give a room a makeover is with a fresh coat of paint. Although you want this job to be of high quality, that doesn’t mean you have to hire professionals. Painting a room is a perfect DIY type of project. Once you’ve selected the colors and moved out all the furniture is just a matter of prepping the room. After everything has been properly taped up, you can bring in a roller or even a power sprayer to get the actual paint job done in no time at all.
Update Bathroom Fixtures
You don’t want to first impression of your rental property to be “it looks dated.” Although it can be expensive to replace tiles and flooring in the bathroom there’s a lot you can do with fixtures and cabinets that won’t break the budget. You can replace the showerhead and also paint this room to freshen it up. Again, these are perfect DIY projects.
Give Exterior A Makeover
A potential renter is going to be focused on the number of bedrooms and bathrooms. They might not care if you have blooming gardenias in the front yard. However, your curb appeal will go a long way towards creating a positive first impression. If you show your potential renter that you’re taking care of the outside of the property, then they’ll feel confident you’ll be doing the same on the inside. Along with some landscaping you might want to do a thorough power washing of the property. And if the garage door is looking a bit “tired”, then consider replacing.
Swap Out Carpets. Polish the Hardwood
There is always a risk that when you rent a property the flooring is going to take a beating. That is true whether you have carpets or hardwood flooring. Before the next renters come in you might want to swap out the carpets or polish the hardwood floor. This is one of those tasks that you have to hire professional for but it will be an investment that can generate dividends. It is also smart move to send over a professional carpet cleaning crew once every few months for your long-term tenants. This will keep the carpet in good shape and you won’t have a problem when they move on.
Make the Minor Repairs
Most short-term rentals will happen online with the renter just viewing pictures and then committing to the property. Obviously, those pictures are going to show the place in the most flattering light. But when the renter shows up you want to make sure the place lives up to the promise of those pictures. Any minor repairs like cracks in a tile, holes in the wall, broken light fixtures or even clogged rain gutters should be taking care of. That way your sure to get a good review from your renter which in turn can generate more renters. That’s the goal!