Are you thinking about trying to bring in some rental property income? By renting out your house to tourists, you can bring in some extra money that will allow you to make improvements to the space or go on vacation. However, some houses stand out more than others. By making some minor updates, you can position your home as a desirable rental location.
1. Fix Any Glaring Problems
If you’re planning on renting out your home, it pays to make some small DIY updates. You’ll know what you need to fix right away, because they’ll be the little things that drive you crazy, such as the broken kitchen cabinet handle, the light bulb you haven’t replaced, or the carpet that should be professionally cleaned. Investing the necessary time and resources in your home will pay off in the long run. After all, renters will want to spend their time in a vacation home that upholds the standards of a nice hotel.
It’s time to dust off your old tool box and make some DIY updates to your home.
Photo Source: Pexels/Energepic.com
2. Declutter Your Home
No one likes clutter: It collects dust and takes up too much space. Take a day and declutter your home using the method that Marie Kondo presents in her best-selling book, Spark Joy. Hold each item to your heart. If it brings you joy, find a special place for it. If not, donate it to the Salvation Army or another local non-profit that serves your community.
3. Keep It Light and Airy
There’s something universally appealing about light decor. Rather than painting your rooms with dark colors or wallpaper, stick to warm, light colors. For example, a classic cream or white works well in most rooms. If you want to go a bit darker, stick to cool neutrals, such as a sage green or sea foam.
A white bedroom creates a peaceful, relaxing atmosphere.
Photo Source: Pexels/Donald Tong
4. Add a Local Flair With Your Decorations
Visitors love to stay in a home that captures the local flavor of its town or region. When you decorate, add small details that pay homage to your town. For example, a home along the coast in Maine could feature a lobster motif on throw pillows and nautical blue-and-white drapes. Meanwhile, an apartment in New York City could reference its location with a vintage Subway sign and a framed painting of the skyline. This kind of decor makes your home a desirable place to stay for vacationers who are looking for a unique, local experience.
5. Hire a Professional Cleaner
Ideally, your rental offers the warmth of a home without making it clear that other people live there. The best way to achieve that balance is to hire a professional cleaner. When you set your rental rates, you can incorporate this cost into the calculation. If you choose to clean the space yourself, make sure to be extremely thorough. After all, the last thing you want is for your home to have a reputation for being dirty.
If you’re interested in benefiting from rental property income, consider these five tips as stepping stones to a positive outcome. With the high demand for local rentals, you’re likely to succeed if you can set yourself apart from the competition.
Featured Photo Source: Pexels/Life of Pix
The post 5 Tips to Up Your Rental Property Income appeared first on O.info.