As a landlord, you already know that it’s smart to increase the value of your property as much as you can. If the value of your property is high, then you can earn more money from the rent you receive. There are multiple ways to increase the value of your property, but the next six are essential.

Cleaning and Painting

The first thing you should do is improve the look of your property. This means both the interior and exterior. If you own a house, clean up the porch, patios, and sidings. The entrance should be breathtaking. Make sure to repaint your walls on the inside. Put on a fresh, light color, to enhance the impression that the place is brand new. Be sure to have everything washed, from floors to door frames.

You should know that you don’t have to spend a lot of money in order to improve the way your property looks. For example, you can simply mow the lawn, paint the front door, add a window box beneath the windows, and add some flowers in the garden. This probably won’t cost you more than $400, but can increase its value significantly.

Adapt the Policy

Pet-friendly properties are always in high demand. People who have pets are more likely move to a pet-friendly property and pay an additional fee than to give up their pets. Therefore, you can legitimately increase the value of your property this way for as much as thirty dollars on a monthly basis. Allowing this can be helpful in increasing the value of your property. If your place is for non-smokers, you can charge an additional fee for smokers. Don’t overdo it, because it can be pressing to your tenant. If you limit them on too many things, you will surely lose customers.

Marketing

Advertisement is a big part of the rental game. The best way to advertise is on the internet, since you won’t end up spending too much money. If you want to, you can pay for ads, or even put up your own website. Be sure to post a lot of pictures. Use a decent camera and take photos from different angles. A good way of marketing could be by posting these photos on social media accounts like Instagram. This is a free way to advertise and also a good option for spreading information among your acquaintances.

Bathroom and Kitchen Improvement

Upgrading your bathroom and kitchen can greatly influence the value of a property. The comfort and functionality of having appliances increases the demand for tenants that live with a family. Your kitchen should at least have a refrigerator, a stove, an oven, and a sink. These are the essentials. However, additional appliances such as water-coolers and coffee makers can make a significant change. The more comfortable your home is, the more money you will get every month.

Add New Furniture

Furniture is essential to have if you want your property to be instantly available for people who’re ready to move in. If your property is furnished, that would mean people could move in immediately. You want to have beds, sofas, a couple of TVs, radio players, and some coffee tables. Fill the place with the things you would need and use, but keep in mind that they might have some of their own stuff.

Showings

If you want someone to value your place, you’ll have to properly present it first. Have showings often while you’re in between tenants. Decorating the place slightly and using air fresheners can improve the first impression. Be present with the agent and show all the good things your house or flat have to offer. Be communicative with your potential tenants and answer their questions if they have any.