Improving House to Attract Tenants | Micky Home Design Collection

Do you plan to rent your house? Well, this might be pretty difficult because potential tenants set and have their own criteria before deciding to rent a residential house. The best way to attract tenants easily is increasing your house value or doing home improvement. Simply follow three guides below if you have no idea what to do:

Make a list of renovation projects

Home improvement needs proper planning to get expected results. Therefore, you need to consider what kinds of improvements to make your house better and worth-renting. Energy efficiency is one of the main aspects that tenants think about when seeking a house for rent. In this case, you can rely on Green Deal scheme which consists of heating controls, loft insulation, solar panel installation, and much more for your renovation projects. In addition, flooring replacement, furniture/appliance repair, and wall repainting should also be included in the list.

Create a budgeting plan

Next, after making a list, you have to consider your budget now. In fact, home renovation likely costs you millions of dollars. Even though it is actually worth it since you have to do the best to attract and satisfy tenants, you still need to make it as cost-effective as possible. Estimate and calculate how much to spend for home improvement based on your budget. Confused of how to fund that all? You can try to apply for home insulation grants. Just be sure you are eligible for it. Alternatively, you can also look for loans.

Hire pros

Your last task for this home renovation project is finding reliable contractors to execute your planning. Be smart and careful before trusting either independent contractor or company because not all of them are trustworthy and highly skilled. Get referrals from your friends and relatives or look for recommendations online (by reading customer reviews). Before making a deal, interview your potential contractor and discuss the planning.

After your home improvement project is finished, you still have one crucial task left: doing powerful advertising strategy to find serious tenants. In this case, apart from creating banners and displaying on local classified ads, you should also do online advertising by promoting on social media sites or hiring brokers.

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Source: http://www.mikesinternational.com/2013/09/improving-house-to-attract-tenants/

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