6 WAYS TO MAKE YOUR PROPERTY STAND OUT IN THE MARKET

For many people renting a house is the best solution to provide for their families and to get a steady income without doing anything. However, there are many things to keep in your mind before listing up your property for rent. 

The best way to generate a better income through rent is by making your property. ( apartment, house, or even office) more attractive to your potential customers. How to make your home stand out when selling you asked?

Here is the list of things that can make your property stand out in the market:

• STEP NO 1: GET YOUR HOUSE IN SHAPE.

A good-looking house and a well-constructed house get you the lease that you wish for, however, if the house is not well maintained or not in good shape, the chances are that you won’t be getting a fair deal as per your expectations. Therefore the first thing to do is get your house in shape. The most important things include completing all the accessories in the washroom as well as making sure they are in perfect working condition. The windows, walls, and doors need to be freshly painted. You can add props to make your house look more presentable like artificial plants or paintings that can enhance the surroundings with functioning lights and no electrical shortage. A well-lit and well-presentable house can attract the eyes of the tenants.

• STEP NO 2: GET ADVICE FROM A REAL ESTATE CONSULTANT.

After making your house in shape. It’s time to get in touch with a reliable, reputable, and professional real estate agent/consultant or realtor who can visit your house and would help you evaluate an ideal rent you could get for your house according to the latest market situation. Moreover, a professionally qualified realtor can guide you in case there are any more changes or renovations that need to be done before listing the property to the market for rental to make it more attractive.
 

• STEP NO 3: GET YOUR PROPERTY LISTED.

With the times changing, you no longer need to pay ample amounts to realtors or a broker to get your property rented, now you can get your property listed on online portals where the tenant and the landlord can share cyberspace. All you need to do is get your property listed on a reputable website such as www.Redbox.estate Many homeowners oversee the significance of posting photos of their houses on these online portals which discourage the tenants to contact them. You should always click nice aesthetic photos of the interiors and the exteriors and post them on property selling portals so that it doesn’t linger for long.
When you go on a real estate website you can see multiple options for purchasing, renting, selling. You can find the projects you need accordingly. If you want to invest in your future renting is the best way to generate monthly income. Property gives you better returns than a central bank can give you on investing internationally or even locally.
 

• STEP NO 4: HIRE A PROFESSIONAL FOR LEGAL DOCUMENTATIONS

It’s very important to hire a professional licensed consultant that can help you with the rental agreement of your home, apartment, or office. This legal consultant can guide you with making terms and conditions on the basis of which you would be providing your tenant your house for rental. Hiring a lawyer who knows the law language of contracts can help you make a contract on your terms and conditions. The terms and conditions can be anything from allowing pets or not, maintenance charges if it’s a gated community then what would be the policies, and so on. This is necessary and overseeing its significance can cost you a great deal in the future.
 

• STEP NO 5: KEEP A CHECK ON THE UTILITY BILLS

Now that you have done the documentation and have handed over the keys to your tenants it is important to keep an eye on the monthly payment status of all the utility bills such as electricity, water, and sewerage, gas, security, and telephone. Many tenants can be irresponsible when it comes to paying the monthly utility bills and if it is overseen for a long time it can become an ultimate big hurdle for the landlords when they get their home vacated afterward. It is important for both parties to discuss the utility bills before signing the agreement.
 

• STEP NO 6: YOUR RENTAL POLICIES AND LEASE

When the tenancy agreement is made the government policies need to be kept in the mind. It is the owner’s liability to check the tenant’s Computerised National Identity Card (CNIC) before handing over the keys to their homes. The owner needs to know about the number of people that the family has and will be living on their property. If some illegal activity happens on the property the owner would be responsible in the eye of the government and police. Therefore it is very important to state all the clauses in the contract and make the agreement very transparent and easy to understand and agree on.

These are the 6 simple ways on how to make your townhouse stand out before renting it to your tenants. Follow these guidelines and enjoy a monthly income through your rented apartment, house, or even office.