The visual appeal of your property will have a significant impact on attracting and retaining tenants. Today’s tenants are big on their future spaces and are willing to pay more to meet that price.
However, landlords tend to put more money and resources into the interior and forget about the exterior. Curb appeal is one aspect that landlords can’t afford to slack on. A beautiful exterior is like a good marketing strategy. It allows you to draw in tenants seamlessly and reduce vacancy periods .
The Importance of Curb Appeal
Investors, individuals, and households purchase rental properties for various reasons. However, all parties would agree on the importance of consistent rental income from the property. A landlord would wish to get consistent inquiries.
Curb appeal will set your property apart on listing sites and on social media platforms. Combined with quality photography, you would be able to attract more tenants.
Let’s not forget about the impact of quality curb appeal on the return on investment (ROI). With your unit looking different from the rest, you would be able to attract a higher rental rate from the market.
Landscaping
During the COVID-19 pandemic, many people came to appreciate the value of having green spaces at home. Today, both new homeowners and tenants are increasingly prioritizing outdoor spaces when choosing their next property.
To attract and retain these tenants, it’s crucial to ensure your landscaping is well-maintained and inviting. Landscaping plays a key role in enhancing curb appeal, especially with the addition of bushes, plants, and trees.
Greenery gives a property a warm, inviting feel. Large trees not only provide shade during summer but also create a pleasant micro-environment for future tenants. Planting flowers near the house and along pathways adds vibrant color and completes the look.
For a more hands-off approach, consider hiring a local landscaper or company to regularly mow the lawn, trim edges, and remove weeds along paths and driveways. Since some weeds are persistent, stop by a local store to pick up a quality weed killer.
A Fresh Paint Job
You don’t have to go all out and sell a kidney to upgrade the look of your house. Giving your development a fresh coat could be the easiest and cheapest way to significantly increase curb appeal.
We know you might want to be a little eccentric and reveal your extroverted side. But we recommend that you be a little bit conservative.
Working with neutral and approved colors will work in your favor in attracting long term tenants . You should be aware that it is normal for quality paint to fade after several years. You should put in painting as part of your regular property maintenance schedule.
Lighting
Not many invest in decorative lighting for their rental properties. You stand a chance of differentiating your rental property and seriously enhancing your curb appeal. You can choose to install small solar orbs along the pathway to the main house or near the shrubbery. Another option is to install some decorative lighting on the house.
Lighting is also part of the security and safety measures that you can install on your premises. Tenants want to know that their family and also their assets are safe.
Gutter and Roof Maintenance
Similar to your front yard, you want your roof to have a clean look. For starters, you would wish to remove any clutter i.e. antennas, satellite dishes, etc. that have seen better days and are not in use.
Also, make sure to work on the gutters, clearing up leaves and other debris that may have found itself on the roof. Landlords also forget to do regular maintenance on the roof.
Call in an inspector regularly to take a thorough look at your property and also advise on alignment, replacement, and replacement if needed.
Windows
Windows give a property a different look. When well-designed, the façade will naturally draw in a potential tenant and be the envy of your neighbors. If you have the budget for a massive renovation, you could consider such in the next quarter.
Keep your windows clean . It can look like a simple task but it will have a significant impact on the overall curb appeal. Due to the challenges of reaching the upper deck, you might need to bring in a professional cleaning crew.
Conclusion
Enhancing the curb appeal of your rental property could be the missing link for higher ROI for your rental property. With more potential tenants attracted, you will have a seamless property investment experience. Curb appeal should be slotted into the regular schedule of property maintenance.
Property maintenance and management can be quite a challenge. Inexperienced landlords have tried their hand at self-management only to be swamped with paperwork, missing rental payments, late tax filing, and the list can go on.
For the management of your Denton County rental property, you will need to rely on a service provider that you can trust.
Legacy Realty & Management is a reliable, full-service property management company. We have decades of experience, having offered our quality services and comprehensive solutions to hundreds of individuals and households in the past.
Rely on our experience, knowledge, and property expertise to guide your rental property journey. Give us a call today.
