Preparing Your Home for Rent


Preparing your own home for other people to rent is not as simple as just moving out and putting a for lease sign out the front.

There are several things you should consider before letting tenants pay for the privilege of living in your home.

So, why prepare your home to rent?

A properly prepared home will not only achieve a better weekly rent, and attract a better tenant; it will also help ensure the whole rental process is simple and easy from start to finish.

There are things an owner would be happy to live with, knowing they could be fixed in time, that a tenant unfortunately will not. So here is our advice what you should consider before renting out your home.

If it’s broke, fix it

From the letterbox to the back fence, and everything in between, carry out any repairs to make sure your home is in good condition. This also applies to anything small that you have just grown used to living with, like mouldy bathroom grout, leaking washers, dripping taps, broken tiles or chipped paint. A small repair or some maintenance now could save you a bigger problem in the future.

Inclusions

Think about what you will be leaving behind or letting the tenants use and make sure it is in good working condition.

Clean

You want your property handed back to you in good condition, so set the initial benchmark high. Just as you would if you were going to sell, before you rent out your property give it a good spring clean and make sure it is sparkling. Do not just do the basics – we are talking a proper spring clean including:

  • Carpets;
  • Curtains and blinds;
  • Flyscreens;
  • Windows;
  • Garrbage bins;
  • Garage and more.

Presentation

Prospective tenants are the same as prospective buyers – they will be more attracted to a well-presented property. Make sure you do your best to have it looking great for the photos and that it is tidy for any viewings.

Do not forget the outside

Is the letterbox in need of repair? Are the gutters clean? Is the fence in good condition? Are there any pests or insects you need to deal with? We know that Townsville is dry but a green lawn always looks more attractive! And make sure you mow, sweep, rake, prune and have the gardens maintained. If your property is vacant your property manager will liaise with you about keeping these things up to date.

Insurance

You will need to let your insurance company know you are no longer living there and arrange landlords insurance. It is your tenants’ responsibility to arrange contents insurance. We are happy to provide information on our preferred landlord insurers.

Regulations

Think about whether any aspect of your property might not meet current regulations or safety guidelines. For example, this could include pool fences, stairs, railings, balconies, blinds and curtains, glass and windows. Does the property meet electrical standards? Landlords are also required to provide a compliancy on smoke detectors. We are happy to advise on what you may need to have done and we can organise smoke alarms on your behalf!

Naturally the whole rental process will be easier if you choose a good property manager or real estate agent to do the negotiation for you, take away the headaches, and draw upon their expertise.