|
If you’re entering the world of property investing with a view to becoming a landlord, there are numerous safeguards you need to put in place to ensure a profitable outcome. One of the most basic decisions is, of course, the location of your rental investment. To ensure the house or apartment attracts and retains high-quality tenants, it needs to be in an area that provides a good standard of living, has an established infrastructure (schools, transport, amenities, etc), great leisure facilities (parks, gardens, playgrounds), and a low crime rate. Becoming a Landlord in Rochester Rochester, NY has gained huge popularity over the past decade or so, precisely for all the reasons above, and more. If you invest in Rochester, NY, property management companies can help you from the get-go; assisting you with their local market knowledge so you can be confident the house or apartment you purchase will be a good investment. In addition to the location, the property itself needs to have appeal — because it’s not simply an investment prospect to a tenant, it’s their home. Rochester NY property management companies are skilled in knowing exactly what attracts a good tenant, and what can put them off! The following three tips will help ensure your investment remains tenanted and profitable. 3 Ways to Make your Rental Property Appealing Improve the Exterior First impressions matter, and a tenant’s decision can be made within the first ten seconds of viewing a property from the exterior. Fresh paintwork in safe, neutral colours can do wonders for presentation. Ensure all fences, gutters, gates, eaves and windows are in good repair, and that the lawns and gardens are kept neat and tidy. Even if, going forward, the gardens are to be the tenant’s responsibility, it’s important to start from a good place to set the standard. Refresh the Interiors There’s no need to do a full renovation every time a tenant moves out, but a refresh of the interiors is not only a good idea for esthetics, but it also keeps your investment in tip-top order. Pay particular attention to the kitchen and bathrooms, whether it’s a makeover or just a freshen up. Keep appliances in good working order and consider regular upgrades. Add décor accents that make it more contemporary and, if you’re renting it furnished, make sure furnishings and white goods are modern and attractive. Add Interior Storage This is a top tip from Rochester NY property management experts, because for a reasonable outlay you can add huge appeal and value by installing built-in modular wardrobes, linen cupboards, and racking storage in laundries and garages. Storage is one of the most critical points for many tenants (particularly families), so having it in abundance provides a big tick! There are plenty of other ways to make sure your rental house or apartment stands out from a crowded market, but these three are a very good start. If you employ the services of professional Rochester NY property management, they’ll be able to take care of any updates or improvements you want to make. They can also advise on other cost-effective changes that will give you bang for your buck and keep on attracting a high standard of tenants. Author Plate Danny Torres is from Torres Turn Key, a property management company in Rochester NY with more than ten years’ experience providing a holistic service for both domestic and international investors. When it comes to Rochester NY property management investors can rest assured they are in good hands with us. The city is one of the most exciting places to invest in both commercial and residential properties and the company brings together a host of experience and specialist knowledge to build long-term relationships and create maximum value and benefit for their customers.
Related Articles -
Rochester, NY, property, management,
|
