If you are fortunate enough to own more than one flat, you have the opportunity to make a big buck. To be able to achieve making a lot of money with your block of flats, you need to consider making them look and feel as presentable as possible. Firstly, nobody likes a property owner who can’t look after their building, and secondly, first impressions are so important. If you are in a position to be able to earn a lot of money by providing amazing space for other people to live, you are indeed involved in a lucrative business.
What you need is a tenant who’s going to stay for a long time and look after your property, and you can do that when you offer things like apartment air conditioning, double glazed windows, and brand new carpets. If you respect the property and the fact that the tenants are going to live there, you will have tenants that respect it right back. The good news is that as a landlord there are many things that you can do to attract great tenants who will stay as long as possible and not all of the options are expensive. These tips can help you to make your apartment block look as presentable as possible.
- Add a play area. If you are the landlord of the entire building, you are likely to let out your apartments to families. Being able to have play areas outside of the apartment in a cage door gated area that is safe, is a great way to appeal to families. Parents want their children to have somewhere to play, and children want to be safe while they do it. If you’re renting out apartments with more than one bedroom, you’re going to impress people including the children. If you are in an area that’s close to a good school district, this is an especially important thing to consider.
- Make sure to upgrade with a fresh coat of paint. Flats can often look rundown on the outside, but if you repaint the front door and make sure all of the windows are painted correctly around their frames, then the apartment blocks that you own are going to look wonderful from the outside. It’s not just about the insight, because what works best for that first impression starts when people look at the building. You wouldn’t want to live in a building that looks condemned, so don’t allow your apartment block to be that way. View your whole complex as a brand, so therefore consistency matters. From the foyer to the exterior, you need to make sure that you are adding that fresh coat of paint everywhere before you start leasing.
Replace the windows. One of the best enhancements that you can make to your building is to ensure that the windows are brand new. If your windows currently have broken or perished seals around the edges, it’s going to upgrade the look in an instant when you have these redone. Replacing everything with the UPVC version is a good way to ensure that you encourage the best tenants to come to this property. People are often prepared to pay slightly higher for better energy efficiency, and this is one of the ways that you can do that.- Keep a landscaper on your retainer. Landscaping is important for an apartment complex because they are communal areas here that everybody is going to enjoy. There may be some of your tenants who love to use the garden to plant vegetables or fruit, or even just the plant flowers and ensuring that you are keeping up with this with landscaping is important. If the area looks nice and is well maintained, the residents will continue to be invested within it and look after it. People will only treat your building the way you will treat it.
- Add a sprinkler system. When you have improved you are looking at a way to maintain the exterior of the apartment building, consider adding a sprinkler system. It will reduce the need for gardeners or residents to have to maintain the land and you can have this automated so that the sprinters will work on a timer. This is one of the best things that you can do for your apartment block, because you can save a lot of money and energy when you do it.
It’s not easy to be a landlord, but this is one of the best ways that you can go about it and keep your tenants happy and interested in renting with you.
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