Understand which improvements to prioritize to attract tenants, reduce costs and ensure good returns over time
A well-kept home conveys care from the first impression.
Therefore, Investing in renovations in rental properties is an efficient way to get the future tenant interested in the house faster, in addition to making the space much more valued.
So that now, before starting any type of repair or change, It is necessary to understand how the thinking of those looking for a house to live in works.
This will make it possible to repair and change only those things that are of interest to the new residents., ensuring savings now and avoiding inconvenience in the future.
Why Carry Out Renovations on Your Rental House
Anyone looking for a house to rent is, Generally, looking for a property that is ready to be lived in, without the need to make major changes.
In addition to being more practical, This makes the hassle of moving less.
When advertising the residence already in good condition, it is possible to attract tenants looking for this type of housing. In other words, the property tends to be rented faster.
Another noteworthy point is in relation to property appreciation.
Modern homes tend to be worth more over the years.
This happens because they generate more trust, as they avoid long-term problems, such as the need for repairs and constant complaints.
In summary, Those who choose to invest in a renovation before renting have benefits such as:
- attracts the right audience;
- faster rent;
- improves satisfaction;
- possibility of longer contracts;
- reduction of future costs;
- most valued property in the long term.
Where to Start the Reformation?
Although the advantages are positive, There is no point in making a large investment in changes if the breakdown is not strategic.
Improvements in rental properties must follow the needs and interests of the real estate market, aiming to ensure both a good tenant experience and financial return for the tenant.
In this way, knowing exactly where to put the money and where to start is essential.
The first step is to define the available budget and select what needs to be repaired., changed or renovated urgently.
The priority list can follow different orders, but it is important to remember to always include repairs to items that, as well as essential for the functioning of the house, represent risks when not corrected, like the electrical grid, the sewage network and structural problems.
Urgent Reforms
Urgent reforms include those that compromise, in fact, the operation of the house and disrupt the lives of new residents, whether due to risk or common problems. They include:
- damaged structure;
- compromised electrical grid;
- faulty hydraulic system;
- infiltration;
- damaged roof;
- broken windows.
In addition, if possible to include in the budget, It is also essential to invest in preventative reforms, that is, carry out repairs and maintenance even before the problem occurs.
Reforms That Add Value to the Property
Improvements intended to add value tend to focus mainly on functionality, providing a better quality of life for those who live there, how to seal windows in noisy locations, for example, or even include a space dedicated to pets in the garden.
The appreciation and desire to live in the house come from the first impression.
Therefore, painting the walls also counts. In this case, It is recommended to do it with neutral and light colors, so that spaces are brighter.
When the house is already in good condition and beautiful inside, and often, What matters is including small items that make the tenant's life more comfortable.
This will increase the value of the house, with the tendency to be rented much faster.
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In the case of old properties, It may be necessary to update the coverings to more practical options in everyday life, such as washable floors in the kitchen and bathroom or even new dishes in these environments.
In small places, the use of space is a differentiator.
In such cases, appreciation occurs mainly in the creation of designed and well-optimized environments, whether by making the property available for rent with planned furniture, whether by offering more storage space.
It is also worth considering investing in household appliances that provide greater comfort to new residents..
However, It is important to choose only functional devices, but not common.
This is because most tenants already have their own appliances., which could become a headache in the future.
Therefore, It is advisable to only include what makes sense in homes and which is normally built-in or difficult to transport, such as a dishwasher and an air conditioning system, for example.
In larger cities, the big difference could be the parking space or the space in the yard.
Carry out an external renovation, including space to store the car and enjoy family time, will bring more security and comfort to the tenant’s daily life.
Clean and organized environment
Currently, There are many tools that make renting and inspecting properties easier..
Therefore, It is essential to keep your home looking beautiful and, mainly, clean and organized. This will make the tenant, as soon as you see the ad, be enchanted even before your visit.
In addition, It's important to take good photos, both for the promotional material and for the conversation with the interested party.
With the ease of carrying out inspections through a property inspection application, keeping everything spotless is essential.
Finally, It is worth noting that, when renovating a rental property, it is necessary to think of it as a conscious and well-directed investment.
The small decisions made now, even before the rental contract, help avoid future problems, increase tenant confidence and make the experience of living there much more positive.
Text prepared by the Conversion team.