- Maintaining the property is crucial to keep buyers or renters interested. Check the plumbing, electrical systems, and HVAC systems regularly.
- Keep odors under control by having a strict no-smoking policy and dealing with pet smells.
- Don’t forget to declutter the property and remove any personal belongings before showing it.
- You need to ensure that your property has enough natural light and good lighting fixtures.
- Make your yard look inviting by trimming trees, hedges, and bushes and adding flowers or shrubs.
Are you wondering why your properties are not selling or renting out? As a residential real estate investor, it’s essential to know what turns off your potential buyers or renters. Today, you will learn about a few things that can put them off and cause you to lose revenue. Whether you’re a seasoned investor or just starting, these tips can help you avoid common mistakes and attract more buyers and renters to your properties.
Poor maintenance.
One of the first things that turns off buyers or renters is poor maintenance. A property that is not well-maintained can be viewed as unlivable and gives the impression that you don’t care about the property. Here’s a maintenance checklist that can guide you to ensure that your properties are in great condition:
Check the plumbing.
Plumbing problems are one of the biggest turnoffs for buyers and renters. Be sure to have your plumbing checked regularly and make any necessary repairs as soon as possible.
Check the electrical systems.
Electrical systems can be dangerous if they are not working correctly. Have an electrician check your electrical wiring and make sure all outlets, switches, and circuits are in proper condition.
Inspect the HVAC system.
Your HVAC system should be inspected regularly to ensure that it is functioning properly. This will keep your tenants comfortable and improve air quality.
Re-paint the walls.
A fresh coat of paint can do wonders for a property. Re-paint the walls in neutral colors and make sure there are no visible damages or stains on them.
Ensure that you do regular maintenance checks and fix issues immediately to avoid long-term damage and higher repair costs.
Strong odors.
Strong odors can make buyers turn away from your property. This is especially true for cigarette smells, pet smells, and strong cooking odors. These smells can make tenants or buyers uncomfortable in the space and can be a challenge to get rid of. Avoid this by having a strict no-smoking policy and ensuring that any pet smells are addressed before buyers or renters view the property.
Clutter.
When it comes to staging your property, less is more. Too much clutter can make your property feel cramped and make it difficult for potential buyers or renters to imagine themselves living in the space. Ensure that you declutter and remove any personal belongings like photos or toys before showing the property. Allow potential tenants to envision themselves in the space by keeping it clean and simple.
Poor lighting.
A poorly lit property can be a major turnoff for buyers or renters. Many people prefer ample lighting, especially in the living areas and bedrooms. Ensure that your property has enough natural light by having clean windows and that your light fixtures are in good working condition. Make it easy for buyers or renters to get a clear view of each room with good lighting.
Unattractive yard.
An unattractive yard can be another major turnoff for buyers or renters. Keep your lawns tidy and make sure they are free of debris. Trim trees, hedges, and bushes regularly to keep them looking neat. Plant flowers or shrubs to add more color and life to the outdoor area. These small changes will help make your property more attractive and will be a great selling point for buyers.
You should also consider employing the help of a professional landscaping service provider. They can help you make your lawn look more attractive and inviting. They can do this by designing and installing features such as water features and more. They may also be able to help you take care of maintenance tasks like mowing and pruning.
Overpricing.
Lastly, overpricing your property can cause buyers or renters to turn away. While you may want to profit, overpricing can harm your sales. Buyers or renters are quick to research and compare prices, and if they find similar properties at lower prices, they may choose to go with a better deal. Do your research and find a fair market price for your property to ensure it’s competitive.
Several factors can turn off buyers or renters from your property. Poor maintenance, strong odors, clutter, poor lighting, and an unattractive yard can all be major deal breakers for potential customers. Additionally, overpricing your property is a surefire way to lose out on sales.
By following the tips discussed in this blog, you’ll be able to ensure that your properties remain attractive and competitively priced so you can easily attract more buyers and renters. With these strategies implemented into your residential real estate investing strategy, you will surely see better results!