Purchasing rental property brings out a bit of mixed emotions.
On one hand, you’re excited that you are making a big investment and starting a business, putting aside money for retirement, or just bringing in some passive income.
On the other hand, you’re not living there, so a bit of the magic and allure is lost.
Even though you’ve gone through the whole process of scoping out places, talking to agents, working with lenders or brokers, it just doesn’t feel the same.
The property probably has some work to do, and while you’re going to have a say in what the property looks like, it’s not going to be the big custom project like your own home is.
When you’re making your property rental ready, make sure you take these tenant-proofing tips with you to preserve your property and keep it looking great.
Start With the Floors
While most people might walk in and notice the wall color or beautiful kitchen, you need to be looking at the floors.
It’s best to choose a durable floor with your rental property.
Carpet is OK, but it also gets dirty quicker, stains easier, and tends to hold in all sorts of smells.
Plus, some state laws require you to change carpets every time a new tenant moves in.
That can be an unnecessary expense that comes in every year.
Upgrade the Lighting
Natural light is all the rage these days, but that can be expensive and difficult to bring to any house.
Instead, stop looking at the floor and start looking at the ceilings.
Upgrade the lights and ceiling fans around your house in order to bring more light into the rooms.
Not only are you going to raise your home’s value a little bit, but you’re going to make it much easier for tenants.
Make Modest Landscaping Changes
At your own home, you may have some rare plants that require an extensive watering and sunlight schedule.
With your rental property, stay as far away as possible from that idea.
Yes, your home’s lawn and garden are important for curbside value and all-around beauty, but expecting your tenants to do little more than occasional watering and mowing the lawn is ridiculous.
Make sure you’re giving them minimum tasks to do when having to take care of the lawn.
Hold Off on Big Renovations
Not only are big renovations expensive, you’re less likely to earn your money back over time if you make such an investment.
They’re perfect for your own home, but adding them to a rental property is unwise.
Why? Because your tenants aren’t going to put the same care and effort into maintaining that beautiful new shower as you would.
It’s going to quickly go from looking new and shiny to looking old and grimy.
Bring in the Stoppers
Every house has doors. Doors get slammed in disgust and flung open in times of hurry.
Even without wanting to, we’ve all slammed a door or flung it open once or twice.
In order to protect what’s behind the doors (walls and windows), it’s important to add door stoppers.
A tenant is likely to shrug at a door handle leaving a small mark, while you might run to get a magic eraser and take it off.
Try to impede this happening by installing door stoppers all around your property.
Hang Something Up First
One of the first questions tenants ask when moving in is “Can I hang something up?”
Usually, hanging a poster of their favorite sports team is no big deal, but mounting something on the wall could be trouble.
In order to discourage mounting or extensive hanging, make sure you hang artwork or photos up ahead of time.
Tenants are unlikely to look for wall studs or find the perfect place to hang their TV, which could lead to further unwanted damage and issues.
Go for Glossy
Everything looks better when it’s shiny, right? While paint is always great, it can start to chip and scuff after a view months.
Glossy paint, on the other hand, can be wiped clean easily.
That’s going to save you a headache when tenants throw something on the wall, something spills, or those scuffs undoubtedly happen.
It’s also going to save you plenty of money from having to repaint the walls over and over again.