Summer is the most popular time of the year for real estate because college students have recently graduated and families prefer moving during the warmer weather. That said, it's important that your rental property looks great for potential tenants at any time of the year, but especially during these next few months.
But how can you be sure your rental property is in great condition and looks appealing to potential tenants? Here are a few ways you can make your rental property summer-ready.
Make any repairs and renovations ahead of time
Summer is actually one of the best times to schedule an indoor renovation because most homeowners schedule renovations during the spring. This means contractors are more likely to be available.
It's a good idea to have your rental property repaired and renovated before your tenants view the property. It can be difficult for potential tenants to look at a rundown kitchen and imagine it with new countertops.
Know how much your rental is worth
Another good reason to make repairs and renovations before you put your rental property on the market is that those renovations can change the price of your rental. You can seem untrustworthy when you list a property as a certain price and then change it later on.
It's also important for you to know how much to charge because you don't want to underprice your rental and lose money. Consider using a rent estimator to get a good idea of what your property is worth and then go from there.
Make sure your listings have recent photos
Think of your rental property's photos like headshots. If it's been more than two years, it's time to have them updated.
Potential tenants may be unsure of properties that used outdated photos, and if your tenant comes to view the property after you've renovated they may feel the property is underpriced for a negative reason.
Struggling to calculate rent prices?
According to a survey by Better Homes and Gardens Real Estate, up to 89% of investors in the U.S. are interested in investing in real estate. That means you need to do your hardest to make sure you're keeping up with the competition.
If you're struggling to calculate your rent prices for rental property listings, Rentometer can help. Rentometer is a rent estimator that lets you know if you're overcharging or undercharging for your property. To learn more about our rent estimator tool and our rent comparison analysis, contact Rentometer today.