Planning to lease your property for the first time?
Experienced landlords may have already known that having tenants entails responsibilities. That’s why it’s crucial to understand the step-by-step guide in renting out your flat from advertising to handover.
Now that the tenancy agreement (TA) has been signed, let’s find out how to start afresh and maintain the place effortlessly, with a new tenant.
3 Low-Maintenance Tips When Renting Out Your Property:
1. Paint for a brand new look
Some issues may be fixed by repainting instead of an entire home makeover. Professional home repainting is only a fraction of home renovation cost. You can even paint your furniture to give it a refreshed look!
As colours vary from different shades (especially common colours like cream and white), just remember to note down the brand, name, and product number of the paint used so you can advise the tenants when they fix it before the tenancy expires.
2. Choose practicality over aesthetics
The most common places that need the most maintenance are the toilets and the kitchen. Choose fittings, fixtures and furniture that are both durable and easy to maintain. Instead of a ceramic sink, go for stainless steel.
Anything that comes in contact with water is bound to have fungal issues. A good example of this is toilet floorboards. Once they start to warp and rot, you need to quickly fix the issue, else you’ll have to replace the entire floor. Kitchen cabinet bases are prone to rotting due to food spills and leaking pipes. Avoid this issue by asking the contractor to lay plastic or extra vinyl along the base of drawers and cabinets.
3. Provide quality appliances
Brand new air conditioning units for a flat with two bedrooms may cause more than $2,000, this is one of the reasons why some landlords opt for refurbished units at half the price. Unfortunately, it works for only half the duration too.
Quality units and compressors may last up to five years. Consider it an investment that you will earn back in just a month.
Being a new landlord requires a lot of work at first, but it will pay off in the end. Eventually, you’ll get better at it and it will be a simpler task after a number of tenancy agreements! We hope that these tips will help ease your leasing journey.
Made up your mind about renting out your property? Learn more about our HDB Landlord Agent Service.