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June 2019 Newsletter

July 2019

Setting the Stage

If you list your home with a real estate company, they would advise you to take certain steps to maximize how your house would show to the public. Their recommendations may include cleaning, landscape clean up, painting, installing new flooring, changing an appliance, and more. In addition, if the house were vacant, they might even recommend renting furniture or accessories to display the home in the best light. Any market can be challenging so it is even more important to maximize how your property would look to buyers. 

It is just as vital to set the stage for renting a property, although you would normally not use costly methods, such as renting furniture or plants, to set the stage. However, it still important to present the property in the best light possible. It becomes even more critical when there are many vacancies competing with your property. Some changes required to be competitive may be simple; others may take more work and some financial expenses. 

Like buyers, prospective residents make quick judgments on properties. Therefore, you need to stop and objectively consider what they will see. Renters generally progress through two stages when looking to rent – they will drive by the property and then, if interested, make an appointment to see it. 

The exterior is going to be the obvious first impression so the overall appearance is the first key to encouraging renters to continue to the appointment stage. Making the property look as attractive as possible from the outside is the objective.

The interior condition is the key to attracting quality tenants. The exterior may not discourage someone but a poor interior condition can quickly send prospective applicants elsewhere. You will reap some or all of the following benefits by investing some time and money into making recommended improvements. If your property becomes vacant, we will always advise you what is required to present your property in the best light to prospective tenants and at the same time, safeguard your investment.