How to prepare your Rental Property for Inspection

by Greg on December 12, 2014

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Those who own rental properties have the ability to earn extra money while also helping someone find a great place to call home. If you are interested in becoming a landlord, however, you have to remember that there are certain things that will be expected of you as someone who owns property. One of them is preparing your property for inspection by potential buyers.

Obviously, having your home checked out by potential buyers is very valuable, since it puts you one step closer to getting the place rented out and bringing you a steady stream of income each month. However, if you want to be sure that your rental property gets occupied as quickly as possible, make sure to consider how to prepare your rental property for inspection so that you will be able to minimize the amount of time the property spends off the market. When thinking about how to prepare your rental property for inspection, it is best to break down the different preparatory steps by each room of the flat or house. Here are some property investment strategies to get you started.

The Kitchen

First of all, make sure that your kitchen is as clean as possible: kitchens are some of the areas where dirt and grime can build up the fastest, since they are used often in the preparation of food. Especially be wary of checking areas like the oven, underneath the stove, or in the corners for dirt or grime that can build up over the years as a result of these areas being hard to clean.

Also ensure that your appliances are all in working condition. Whether your rental property has top of the line modern appliances or a more basic set of appliances, they should be in their best possible condition, as your tenants may want to test them out or inspect them to make sure that they work as advertised.

The Living Room

Your living area is one that has to be in good shape, as this is the focal point of many rental properties. If you have furniture in the living room that will be available for a future tenant to use, be sure that it is arranged in a way that brings out the best of the room’s layout and size. You may want to consult with an interior designer that can help you select the right kinds of furniture in the right colours, which will help you make presentation much easier.

Also be sure to include information about any utility connections available in the living room. Many homes and flats have power outlets or internet hook-ups in their living room: prospective tenants that come to visit your property will want to know where these connections are so that they can envision where their belongings will go in the living room, which will help move them closer to taking occupancy of the unit.

The Bedrooms

Whether there are one or five bedrooms in the rental property that you are preparing for inspection, getting these areas in good condition is crucial when thinking about how to prepare your rental property for inspection. If there are beds and other kinds of furniture already in the bedrooms, be sure that you set them up in a way that makes sense and looks attractive to people that are visiting. You should also try to bring in as much light as possible: places that have plenty of light are often more desirable to potential tenants, especially if your property is in an urban area where light comes at a premium.

Other Concerns for Rental Inspections

When thinking about how to prepare your rental property for inspection, remember that you may be a big asset yourself. Many potential tenants are swayed towards or away from choosing to rent property based on the impression that they get from their landlord. For this reason, property investment experts suggest showing up to answer any questions that the prospective tenant has about the place so that you can show them that you will be a pleasant person to deal with.

Also remember to take photographs after you are done setting your rental property up for inspection, as you can use these pictures time and time again if you decide to place online advertisements for your property. Preparing a rental property for an inspection can seem challenging, especially for new property owners who aren’t sure about what the process entails. However, if you are able to emphasise the benefits of the property and minimize the negatives, you will have a good chance at renting it out to a trustworthy, reliable tenant.

 

Jason Paetow

From a young age, Jason has been passionate about property investment. As the director of Alliance Corp, Jason now shares his passion and expertise in the field to help everyday Australians build successful property portfolios. Jason’s blog on the Alliance Corp website offers exceptional advice for beginners and experts in investment.You can read it here.

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