Renting Out the Old House in 3 Simple Steps
You have moved on from your old house and into a new and better one. But what to do with the former? Well, you can always set it up for rent and have a tenant pay for all its bills, while providing you with a steady income. To do this, you need to follow 3 simple steps – clearing, cleaning, renovation. Yes, those do not sound easy, and they are not easy – they are merely simple. The real estate business requires effort and work from your part, and finding the time to do it. Now let’s go through the steps.
Admit it, you left all kinds of clutter in your old house. Everything you did not find a place for in the new one, or just neglected because you know that you will never need it – all of that is sprawled somewhere in the rooms, or piled up in the cellar or attic. Well, your potential tenants might also not find any use of it, but they might need that space, so you should take care of it. Either find a storage somewhere or treat it as rubbish and throw it away – just don’t keep it in the house.
Domestic cleaning is a dull, tedious job, but at least it’s a job you should be well familiar with. You have to go from room to room and make it all shine and sparkle as if you were about to keep living there. That is actually a good attitude towards the cleaning job – treat it as if you were still there. If you are unsure whether you can handle that, you can always use the services of a cleaning company. Just ask around for a reliable one, or search for a local one on the internet, and have it send over professional and experienced tenancy cleaners to do a thorough job. They are experienced in pre-tenancy cleanings, so you can be assured that they will do a wonderful job.
Now think about the things you want to change. This step is mostly optional since in many cases the new tenants may opt to bring their own inventory, or make their own renovations, but you have to offer something more than house cleaning to lure them in. Painting is always a good idea, no matter if the tenants plan on re-painting after you. A new paintjob will freshen up the interior and the exterior and will immediately catch the eye. First impressions are important, after all. Just pick a neutral colour and go with it. You can also place new furniture, or at least make sure that there is nothing wrong with the old ones. Update the kitchen appliances if needed, as well. And before you start placing ads, make sure that everything works. Do a thorough inspection of the property – check the electricity, the drains, the pipes, the furniture, the ovens, everything.
And with this your house is ready for the market. Get a real estate agent to set a price and seek customers if you can’t do it yourself, and then sit back and relax, and wait for the offers to come.