When you have an income property on the market, it’s important to know how tenants go about selecting a property in central Indiana. Basically, renters begin their search by looking at school corporation. Then, they look at the number of bedrooms and bathrooms in the house to determine whether the property will fit their family. Secondary factors include whether or not the house has a garage, and how the homes around the neighborhood look. Tenants will be looking to see if the other properties in the neighborhood are well kept. They’ll also make a note of whether there is a fenced yard.
An interesting thing you’ll find is that just like home buyers, Indianapolis area renters typically make these decisions based on their emotions. If your prospective tenants are a family unit, the woman is usually going to be the decision maker. There are three specific things a landlord can do to make the home ready for the market and more attractive to the best tenants as a property manager.
- Clean like there is no tomorrow. Have it professionally cleaned so that nothing is missed. Focus on kitchens and bathrooms and make sure prospective tenants are amazed at how great the place looks and smells.
- Paint. Interior paint is typically very inexpensive and it can make a dramatic difference in how the property looks to a tenant who is walking through it.
- Focus on the yard and the landscaping. This is the initial impression that a tenant gets when driving past the house or coming to the door. It’s critical that you have a nice, neat lawn that’s free of debris, weeds and other distractions. The way your yard looks also sets the tone for pride of ownership that a landlord feels. It lets a tenant know what will be expected when he or she moves in.
Each of these three things is relatively inexpensive and they are easy to do when you’re placing your home on the rental market in Central Indiana. When you think about the dramatic impact they can have on the emotional part of the tenant’s decision making, you’ll realize how important they are.
If you have any questions about getting your property rent ready or finding a great tenant, please contact us at Indiana Property Management Group, and we’d be happy to help you with any part of your property management needs.