As leading providers of property management services, EVES is dedicated to helping investors maximise the value and appeal of their investment. Here are our top 10 tips to help you ensure a desirable, well-maintained rental property that stands out from the competition, achieves top market rent and retains quality tenants.
1. Engage a Professional Property Manager
EVES Property Managers offer expertise in tenant screening, market insights, and legal compliance, saving you time, stress, and potential risks. We handle every detail from vetting prospective tenants, collecting rent, and ensuring that your property complies with the latest legislation, including Healthy Homes Standards.
Tenants also highly value a property manager who is responsive and proactive in dealing with maintenance issues or general concerns. By entrusting your property to EVES, you ensure peace of mind for everyone, while protecting your asset and maximising returns, with minimal personal involvement!
2. Prioritise Healthy Homes Standards Compliance
Ensuring your property complies with the Healthy Homes Standards is not only required by law but is also essential to attracting quality tenants. At EVES, we oversee compliance checks for insulation, heating, ventilation, moisture control, and draught-stopping.
3. Create an Inviting Kitchen Space
Kitchens are often the heart of a home, and renters value a functional, modern, and clean kitchen space.
A well-equipped, attractive kitchen can help retain quality tenants for longer and justify premium rental rates. Consider making small upgrades like new fixtures, improved storage, or updated cabinetry, and when your property is listed for rent, ensure that the kitchen is spotless and ready for new tenants.
4. Modernise Bathrooms
Clean, modern bathrooms are crucial for attracting tenants and ensuring longevity. Updated bathrooms make a strong impression on potential tenants, contributing to higher rent and occupancy rates.
5. Invest in Quality Fixtures and Appliances
Durable, energy-efficient fixtures and appliances not only appeal to tenants but also reduce running and maintenance costs over time. Select fixtures and appliances with a reputation for longevity and low repair rates.
Make sure all chattels and fixtures are clean, compliant and in working order, including smoke alarms, light bulbs, rangehood and outdoor security lights.
6. First Impressions and Presentation
First impressions are crucial when it comes to rental properties. A clean, tidy, and well-presented property sets a positive tone for prospective tenants, signalling that the owner takes pride in maintaining the home. This attention to detail can instil confidence in tenants that the property will be well-managed, and it creates an immediate sense of comfort and professionalism. A property in excellent condition not only attracts quality tenants but also helps establish a strong landlord-tenant relationship from the very beginning.
When it comes to the décor of the property, consider neutral, modern décor to appeal to a broader range of tenants. Fresh decor helps you stay competitive in the market and gives your property a contemporary feel.
7. Ensure Low-Maintenance Landscaping
Tenants prefer manageable, easy-to-care-for outdoor spaces that won’t require significant time or resources to maintain. Consider low-maintenance plants, hard-wearing materials, and lawn and garden areas that require minimal upkeep.
Low-maintenance outdoor areas will ensure tenant satisfaction and minimise wear and tear on your property.
8. Offer Flexible Terms or Pet-friendly Options
Flexibility in lease terms can attract a broader pool of tenants. Some may seek long-term stability, while others may prefer shorter-term leases. Additionally, consider being pet-friendly where appropriate, as this can significantly widen your potential tenant base and reduce vacancy times.
9. Keep Up with Regular Maintenance
Staying proactive about maintenance prevents small issues from escalating into expensive repairs.
Our team at EVES schedules and oversees routine inspections to identify issues early. Timely maintenance preserves your property’s value and ensures a safe, pleasant environment for tenants.
10. Market Your Property Effectively
Effective marketing attracts a larger pool of high-quality tenants, helping to minimise vacancy periods. EVES Property Management utilises online platforms and our extensive network to showcase your property to the best advantage. This will ensure your property attracts reliable and desirable tenants quickly, and achieves top market rent.
Get in touch with our team today!