“Bad tenants will rent bad-looking apartments, but good tenants will want decent apartments.” -Jeff Murray
Being a landlord is no easy feat.
On the outset, it looks like a fairly easy job. After all, once you have selected an appropriate property for tenancy and have your prospective tenants screened and occupy it, you can virtually watch your property pay for itself, right? Well, yes and no. While in the long run this is definitely that kind of goal you would want to aim for, it is not as easy as it looks. For starters, a business in tenancy means getting in the crosshairs of a stiff competition. Indeed, competition is rife when it comes to leasing properties insomuch that just owning rental property would not make the cut nowadays. In this regard, you need to ensure that your properties would not only be situated in premier and idyllic locations in proximity to most points of interest. You need to consider what your prospective tenants would want and take a gander at your competition. As real estate property is a significant investment, you would wish for it to give you optimal payoffs. However, to do this, you would need to maximize your profits by keeping good tenants and stay competitive. In this regard, your tenants needs would come first as if your property would fall short of what they want (and which they can incidentally find elsewhere), your returns will decline and inevitably suffer.
So, to ensure that your apartment for rent in Pasig or elsewhere is primed for occupancy, here are some of the most in-demand and coveted features in rental homes and units:
1.) Low maintenance landscaping
On the off chance that you would score a tenant who does not mind having a lawn in their lease property’s yard, they would wish for it to be small and easy enough to maintain. Let us face it: Your tenants would wish to do as minimal work as possible and if your rental property comes with a big yard, tenants would not be as receptive to renting from you than they will be to properties that do not come with it. Generally, tenants would want their stay to be as convenient and comfortable as possible. So, if they need to block out certain weekends of the month to dedicate to pruning and weeding their rental property, the chances are they might look elsewhere.
Unless your tenant is only looking for a bedspace or a room for rent, they would likely look for a property that has a garage–or at least sufficient space for their cars. On the average, prospective tenants would have two cars for their household–particularly if it is a family. However, do note that this number can relatively increase or decrease depending on the kind of property you are leasing out and how many prospective tenants you are looking to house. Regardless, it is still worthy to note the to significance of having enough parking space for all of your lessees. Seeing as adequate parking space is one of the most in-demand features a rental property can have, it should be no wonder that properties with these feature would become more and more valuable–regardless of how many bedrooms a property might have. Take note: A property that does not have a garage can easily turn away a potential tenant. Not only would it be impossible to house their cars, but they would not wish to clog streets should friends and family come over to visit.
3.) Two or more bathrooms
Ideally, a rental property that has two or more bedrooms should at least have two or more bathrooms as well. Tenants comprised of family members are likely to expect this to expedite their morning rituals and ensure that everyone gets to their destination on time. Sure, they can make do with just one bathroom but they would expect you to reach a compromise on a lower rent.
4.) Updated colors and fixtures
A rental property that is visually appealing and with eye-popping colors would instantly be more attractive to a client than a dull and boring one. While most landlords would overlook the aesthetic features of their home, it has been shown that prospective clients are more likely to rent attractive properties regardless of the rental price. Furthermore, having a rental property with updated colors and fixtures would allow you to leverage your asking price better.
When it comes to looking for potential properties for rent, safety would be a paramount concern to most, if not, all tenants. In fact, dilapidated properties that look rather run down with overgrown shrubbery and plants tend to get overlooked and disregarded. With this in mind, capitalize on your rental property’s security by improving it. Address potential safety hazards before hand and remedy any places that might not be well-lit and wherein anyone can hide and be concealed. Furthermore, make sure that the property is well-illuminated and enhance your curb appeal.