Fix It Up
Think about what you would look for in a prospective home and use that as a benchmark when you’re preparing your property for renters.It is much easier to fix such problems before renters move in, and will also greatly enhance their comfort while living there.
Also, take a good look at the state of the kitchen and bathroom. If they are ancient, doing a simple renovation can make a huge difference in the value and desirability of your home.
TIP* Dark colours make a room look smaller, and lighter colours make it look larger, so blending the two can create aesthetic balance. A frameless glass shower also gives a bathroom a sense of spacious modernity, and mirrors lend extra brightness and the illusion of space
Basic responsibilities include ensuring that elements such as electricity, gas and heating are in working order, and that there are no health-threatening issues in the home, such as mould or rising damp. Also, each property where people sleep must have working fire alarms.
You may also wish to look into taking out landlord insurance to protect you against some of the risks associated with renting that aren’t covered by home and contents insurance or strata title insurance policies.
Dowling Property Group have experienced agents who specialise in property management. Our agents find tenants and liaise with them on your behalf, arrange lease agreements, organise rental inspections and facilitate maintenance of the property. Property managers also know the regulations for NSW, which reduces the information you are be required to keep up with.
Work with your property manager to decide on the rent
You might have an idea of how much rent you would like to receive, based on what your ownership costs are. Your property manager can discuss this with you and but determine it by the local market.
TIP* Making your property pet friendly can increase the value and desirability of your property. Speak with one our agents today about the best way to do this.
Rent your property out!
Now that you have completed these steps, you are ready to rent your property out, safe in the knowledge that you have made an informed choice selecting your property manager with Dowling Property Group.
Have any further questions? Our friendly staff are more than happy to answer any of your questions. Call our office on 4960 0499.