Category Archives: Rental Properties

Aesthetic Homes: The Anatomy of a Perfect House

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“Successful homeownership is not just putting people into homes; it is also making sure people keep their homes.” –Michelle Collins

Home (noun): a place where one lives; an environment affording security and happiness; a valued place considered a refuge or place of origin.

What is your idea of a perfect home?

To some, it might mean tall ceilings and ornate interiors. For others, it connotes a sprawling modern mansion by the countryside with its heated pool and to a few; it is a place of refuge which they can call as their own. From all these, we can only make one assumption: the concept of a perfect home remains largely subjective. What an ideal home looks to you may not exactly suit the preferences and tastes of another and vice versa. However, while the perfect home remains as an idiosyncratic notion, certain home design elements are universally considered ideal insomuch that when combined, it would culminate in the creation of the perfect house.

The perfect home answers all of your needs, wants and more. It is functional, practical and aesthetically created to suit your taste. Furthermore, it provides you ease of convenience, and it pretty much operates like a dream. With all that considered, you might assume that a dream home would cost you an arm and a leg, but this is an erroneous association. Dream homes do not always equal hefty price tags. However, dream homes do require a degree of practicality and common sense to build accordingly. After all, the perfect house is not one that uses the most expensive materials, but instead, it is one that is made up with common sense features that would satisfy your needs regardless of wherever you live or what your home’s size may be. The perfect house can be anywhere and anything from a contemporary residential home to a Makati apartment for rent.

Furthermore, they add value to your home. Here are just some of the elements that when unified, would create the perfect home:

1.) Single Level

Single level homes are practical and convenient. Today, they have seen resurging popularity in the real estate market, and the demand for them is rather high. To what can we attribute this phenomenon? Well, single-level homes can be easily maintained insomuch that you do not have to devote entire weekends to clean and spruce it up. Everything is just within reach regardless of whether it is for painting, repairs or cleaning. Moreover, temperatures are easy to regulate owing to the lack of stairs which means temperature differences would be mitigated. Lastly, it is ideal for aging as the risk of falling down the stairs is essentially nonexistent.

2.) Nine-Foot Ceilings

You will be surprised how cramped spaces can look a lot bigger just by having tall ceilings. Nine-foot-tall ceilings, in particular, would make your interiors look so much more spacious than it really is without compelling you to increase square footage. Moreover, it gives your rooms that aesthetic feel which most standard 7 to 8-foot ceilings generally lack. Incidentally, 9-foot ceilings are in high demand which when added to your home, would then make it more marketable (and consequently, easier to sell). In this regard, while taller ceilings are generally considered a pricey remodel, it will be worth the investment as you can probably recoup more than what you spent when you sell your home in the future.

3.) Outdoor Living Spaces

Outdoor living spaces have seen a rise in popularity over the years as not only would it be an excellent avenue for relaxation, it is also healthy. Moreover, having an outdoor living space means you have an alternative to the otherwise stifling feel of your indoors. In this regard, small houses would very much benefit from outdoor living spaces as they would not be constrained to staying indoors should they be entertaining visitors and guests. Adding a patio or a deck to your home would also add to its desirability and marketability. So, if you wish to increase its potential resale value, you might want to look into installing an outdoor living space.

4.) Separate Master’s Bedroom

You can advocate the idea of being a happy-family in a shared space, but at the end of the day, you would surely want your private quarters to relax on your own. Having your place preserves your sanity and a few separate rooms in the home would afford everyone some peace and quiet.

5.) Great storage

Perfect homes are never wanting of storage space, and it seems like it has more than enough of it. Storage should be a priority when it comes to looking for an ideal place to live in, and your homes should allow you to maximize that capacity as well. However, this does not mean that you should go ahead and arbitrarily add storage space as after all; you might have tons of hidden storage space just lurking right underneath your nose. Utilize them well.

 

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Tenancy 101: Five Things Renters Look for in Rental Properties

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“Real estate is the closest thing to a proverbial pot of gold.” –Ada Louise Huxtable

Today, with so many rental properties cropping up here and there, attracting tenants can be somewhat of a challenge.

Indeed, tenancy is one of the aspects in real estate investments where the competition is strong. After all, tenancy can be a lucrative venture so it would be understandable why so many individuals would wish to dabble in it. However, no need to fret as there is never a shortage of renters and you can always count on them to come knocking on your door on any given day. However, while this might be true, remember that much of a prospective renter’s decision to STAY with you is hinged on what your rental property has to offer. Sure, they may come and inquire but the amenities you offer and the competitive edge you have over other properties would contribute to their resolve to rent out your property. Bear in mind that there is probably a myriad of rental properties located in your area and at their disposal. You need to give them a compelling reason to stay and rent from you.

How do you make sure this happens? By knowing what your renters are looking for, of course! Here are just some of the things a prospective renter might be looking for in your property:

 

1. Good location

One of the most compelling reasons that constrain a prospective tenant to rent is convenience. Convenience would be taken to mean as being in proximity to major areas of interest such as offices, schools and entertainment hubs. You might have a room for rent in Cebu, but where is it specifically located? Is it anywhere near good schools or good places to hang out in? If not, how is the commute and traffic generally? These are questions you need to address if you wish to attract renters. When it comes to tenancy, having a good location should be a paramount consideration. Prospective renters are more likely to compromise on other things you might lack provided that your rental is located somewhere ideal. You can pretty much get away with more if your rental is strategically situated.

2. Closet space

One of the most infuriating things about living in small apartments and rental homes is the obvious lack of storage space. In fact, they might feel even smaller because the closet space is insufficient leaving them to store their other clothes and belongings on makeshift storage areas such as bins and boxes. Know that having adequate storage space is one of the primary things you tenants would be looking for. So, be sure that your rental properties have enough of that.

3. Enough parking space

While some may argue this point, parking is actually a huge selling point for many city properties and apartment rentals. In some cases, this might even make or break a deal. Although this is purely case-to-case basis and it would usually depend on your target market, it is not the kind of aspect you would wish to ignore.

4. New renovations

Anything new would be considered as fresh. Furthermore, adding new renovations to your rental property would give your prospective tenants the impression that you care enough to make the necessary improvements. You do not need to spend a lot just to have a significant impact. Even something as simple as installing a new backslash behind the kitchen sink or fresh new paint in the master bedroom can significantly change how your prospective tenants would see your property. If you are worried about the expenses, then you would be pleased to know that you can recoup the money you spent on those improvements and may even earn more. Should you ever decide to sell, know that these features would usually bring a significantly higher ROI.

5. Cooperative landlord

At the end of the day, the biggest factor that would contribute to a tenant’s decision to rent from you is the kind of landlord you will be to them. As this is not something they can easily determine from your initial meeting, make sure that they know what kind of landlord you are by having them read previous testimonials and comments about you in your page.

 

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Rental Properties: Five Steps to Prepare Your Property for Rental

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“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.”- Theodore Roosevelt

No doubt, there is quite a lot of money to be made out of property management. People would always be in need of a place to stay and if you have a property situated in a premier location such as one near offices, schools and places of entertainment, then you would do well to exploit it. You might not know it, but the prospective property you are looking at today might potentially be the lucrative venture most real estate investors are looking for—the definitive cash cow if you may. So, you have decided to dabble in a bit of property management in order to have a better leverage on your finances—what should then be your first order of business? Well, there is quite a myriad of factors that would contribute to boosting a property’s potential for attracting tenants and those steps would be laid out in this article.

However, before we get into that, know that you need to be a little discerning when it comes to approving tenants. Always favor quality above quantity. Pursuing a lucrative endeavor such as property management may be admirable but you should not let your enthusiasm cloud your better judgment. In any case, there are ways of increasing the chances of attracting a quality tenant. Those that pay their rental dues on time and would also take care of the property leased to them. One of those ways is to boost your property’s appeal. So, instead of simply considering whether a property is marketable, you should also take into account its overall aesthetics and functionality—so much so that it would encourage quality tenants to stay.

Before preparing your marketing campaign or running the numbers for your apartments for rent in Pasig or elsewhere, ensure that your investment has a competitive edge against the rest of the properties in your area. Here are ways to do exactly just that:

1.) Cover the basics

One of the ways to guarantee that your property attracts quality clients is to ensure that your rental property covers the basics. Of course, before you move onto the aesthetics, you need to make certain that your homes provide optimal comfort to your prospective clients– insomuch that they would no longer need to look for these necessities themselves. Ideally, your property should have good security, a heating and cooling system, stable internet connection, privacy, smoke detectors and good water pressure. These are all things that would contribute to a tenant’s comfortable stay and would likely motivate them to extend their lease with you. Moreover, these are the necessities that would also justify your higher than average rental price, so you might want to consider adding them.

2.) Make sure it is spotless

Ensuring that your rental property is immaculate is an excellent way to attract quality clients. In this regard, be sure to put away unnecessary clutter, organize the things inside and spruce up. A messy and chaotic place can be rather off-putting to a new tenant and no matter how tempting your rental price might be, an untidy place would always give them second thoughts about renting from you. After all, the state of cleanliness in the interiors would already speak volumes about the kind of landlord you are. With that in mind, are you really quite certain that a disorganized landlord is the kind of impression you wish to leave your prospective tenants?

3.) Fix anything that is broken

Do not turn off a prospective client by showing him or her a home that has stuff that is either in need of repair or totally unusable. Sort these items first and ensure that everything is in mint condition. More often than not, if the rental property has been inhabited by a previous tenant or even by us, things would get broken. Unfortunately, we tend to neglect these things or even grow used to living with them that we would altogether forget that they were broken in the first place. Avoid such scenario by inspecting every fixture in your home that would be included in the rental. Replace those that are broken beyond repair and fix what is broken.

4.) Tidy up your outdoors

If your rental property has a lawn or garden, be sure to tidy it up and make it look presentable. After all, this is the initial thing your prospective renters would notice, so you should take the necessary steps into ensuring it is in pristine condition. If the garden is overgrown and if the garden is overrun by weeds, you might want to seek professional help from a gardener.

5.) Introduce improvements

Giving your interiors even the smallest update can already do wonders in elevating its overall appeal and mood to tenants. They do not have to be expensive either! Updates can be in the form of a fresh paint, new light fixtures and even new carpeting. All of these would not set you back by a lot and it would already be an excellent way to transform your space and make it seem like it is new.

 

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