With an ever increasing number of TV programs dedicated to property sales the majority of home sellers are now aware of the influence presentation can have on sale prices and the time required to secure a sale. What is perhaps not so widely known, and demonstrated, is that the presentation of a rental property is equally as important.
The Edinburgh rental market is currently tilted in favour of landlords but if a landlord presents and dresses a property to look at its best then rents will be maximised, voids minimised and a better quality of tenant will be found who in turn is likely to stay for longer.
More than 80% of tenants start their search online so it is crucial that high quality pictures and floor plans are used to ensure that the property stands out. For a little investment landlords can increase rentals by up to 40% and at the same time add the cost of the upgrade to the value of their investment.
An example of how to present your rental investment and the asset management we have just carried out for a client is shown below.
- Edinburgh city centre flat previously let at £465 pcm.
- Valued at £100,000 prior to Investment Property Agency asset management service.
- £15,000 spent on refurbishment.
- Let within 24 hours at £650 pcm.
- Now valued at £125,000.
If you want to maximise your rental investment then we would be delighted to
hear from you.
