5 tips to make your investment property desirable
Updated: May 19, 2022
If you're looking to begin your property investment journey, it's important that you know how to make your investement property desirable. At the end of the day, a good investment property will attract quality tenants who you will want in your rental properties.
In this article we're going to share our five biggest tips for making your investment property more desirable. From what's in your rental property, to its surrounds we want to ensure that you're doing your part in being a successful property investor.
Quality fixtures and fittings within your investment property
When you buy a new property investment with a company like REIF, we like to ensure it comes with quality inclusions. The suppliers that we work with only supply full turn key products. This means that when you buy your investment property; all the internal fittings and landscaping will be already completed for your tenants.
At REIF, our investor clients are only supplied with properties that have quality fixtures and fittings. This includes the fixtures and fittings within the bathroom and kitchen, all the way through to the outside of the property with things such as the letterbox. Quality fixtures and fittings are desirable for tenants as they offer convenience.
Low maintenance rental properties
If you're buying an investment property, look for one that's low maintenance. Trust us when we say that tenants find this highly desirable. When buying new full turn key properties, your tenants are less likely to complain about structural issues or damages to internal fittings. Not only will this work well for your pocket, but it's going to make your tenants life easier as well.
Hire a good property manager
When you hire a good property manager they'll work to market your rental property to desirable tenants. Not only are property managers good for the overall management of your home, but they'll create compelling listings and highlight the key factors of your property for your potential tenants. They also ensure professional photos are taken of the property, adding to its desirability factor.
Buying a house in a nice neighbourhood
Buying a house in a neighbourhood that offers convenience, low crime and supports a range of lifestyle factors is likely to make your rental property preferable for tenants. If your investment property is situated in a nice neighbourhood it will generally provide you with a higher vacancy rate, which generally attracts higher quality tenants.
Buying an investment property that's close to amenities
Properties that are situated in close proximity to surrounding amenities generally add to your property's appeal. This is because it will offer a sense of convenience to your tenants. As a property investor you should be looking at locations that have plenty of educational, employment, recreational, retail and transportation options.
If you need any other tips and advice on how you can best market your investment property for potential tenants, please reach out to our national team of Property Specialists! We would love to be able to assist you with making the dream of owning and building wealth through property a reality!
Ph: 1300 130 932