ADVERTISEMENT

5 ways to make your property rentable

If you're a landlord, here are five things you need to know before you put that 'for rent' sign out there.

As a landlord, it is important you know these things and prepare your house ready before you ask agents to bring a potential tenant into the house for inspection.

To attract premium tenants, these steps will help you rent your property out.

1. Clean up

ADVERTISEMENT

Even though people are always out looking for an apartment to rent in Lagos, potential tenants will always prefer a clean apartment.  Get the rooms ready for them by cleaning the floors, windows, and blinds. You can also repaint walls if necessary. Just make the apartment attractive for your potential tenants.

2. If it is broken, fix it

Broken windows, doors or ceiling can put off anyone coming to inspect the house before paying their rents. If any part of the apartment is broken, do not hesitate to fix it. Agents are fond of saying it is a minor, it's just a broken door issue and it won't cost you much. No, fix the problem first that's the best way to make your house rent ready.

3. Choose the right letting agent

ADVERTISEMENT

If as a landlord you do not have the time and strength to directly deal with potential tenants, you have to get a reasonable and responsible letting agent. The behaviour of an agent sometimes determines whether people will pay for the apartment or not.

4. Determine market value

Once your home is ready to rent, find out and evaluate comparable rental properties in your area to determine your list price.

It is advisable you determine the market value by yourself rather than leaving the decision for letting agents. A lot of people actually prefer to get an apartment directly from owners because they believe property agents can be greedy sometimes.

5. Think safety

ADVERTISEMENT

Prospective tenants will feel at ease when they come for inspection and find the apartment ready and rentable.

One of the things that make your property rentable is the safety precautions you put in place as the owner of the apartment. Protect against possible danger or anything that may cause injury to your prospective tenants.  For instance, if you have smoke detectors or fire extinguisher in the apartment, make sure they are in good conditions.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

My husband of 30 years is a great friend — I want to divorce him

My husband of 30 years is a great friend — I want to divorce him

5 ways to make your boyfriend feel wanted

5 ways to make your boyfriend feel wanted

5 common skin problems and how to avoid them

5 common skin problems and how to avoid them

7 signs your personality scares people off

7 signs your personality scares people off

Booty call or BFF? Here's what friends with benefits mean and how it works

Booty call or BFF? Here's what friends with benefits mean and how it works

Can eating groundnuts boost your sperm count? What to know

Can eating groundnuts boost your sperm count? What to know

How to make cranberry juice for better sexual performance

How to make cranberry juice for better sexual performance

How to check WAEC result: A comprehensive guide

How to check WAEC result: A comprehensive guide

For men: How to dress smart for a first date in 8 steps

For men: How to dress smart for a first date in 8 steps

8 easy ways to catch a cheating partner red-handed

8 easy ways to catch a cheating partner red-handed

A step-by-step guide to JAMB registration in Nigeria

A step-by-step guide to JAMB registration in Nigeria

Suhoor: All you need to know about the meal taken before dawn during Ramadan

Suhoor: All you need to know about the meal taken before dawn during Ramadan

ADVERTISEMENT
ADVERTISEMENT