Hello Sri Raju. I have a 2 BHK in Mumbai which we’ve given on rent. Earlier, the property didn’t attract a good rental income. To change things around, I looked for ways about how to increase rental property value. Implementing those helped increase the rental value quite well. We renovated the interiors and changed the house layout to make it more functional and more. I am sharing the rest below.
Ways to Increase Rental Value
Here are some methods you can use to increase rental value:
Upgrade the Exterior
First impressions are important when it comes to your property. Tenants get attracted to a well-maintained and beautiful exterior, which urges them to consider the property. So, paint the door, get the exterior walls painted or place plants, whichever seems suitable.
Online Ads
Another great way to increase the rental value is by
posting ads for your property on reliable real estate websites
. Click HD pictures and videos to showcase the house and attract tenants. With several tenants showing interest, you would be able to finalise the best one.
This is how to add value to rental property. I hope these techniques will help you get a better rental income for your property.
Get Verified Tenants at Zero Brokerage with Property Promotion Via NoBroker Owner Plans! Some related information:How to Calculate rental value?
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Location
People like to rent a property which is in a prime location. Location is the main key for higher rent value.Paint and Renovate your place
Before you show your property to tenants, make sure you have renovated the place. Repair all the items that need repair, replace it if required. Also, paint the place so that it appears fresh, lively and appealing to the eyes.Don’t quote a lower price
Usually, the tenant will try to negotiate the rent. Hence quote a little extra so that after negotiation, the rent comes to the normal price.Keep the property clean
A clean property helps the tenant see you as a responsible owner. He/she might even accept the rent price with negotiation, just because the property is clean and well maintained!Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Authors Of The Question
How to Maximize the Rental Value of a Property?
cddharth
242 Views
2 Answers
4 Year
2020-08-19T06:49:35+00:00 2024-11-29T16:11:09+00:00Comment
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