No matter the time of year, the rental market is on the rise. We are seeing the appeal of such an arrangement — having a homeowner care for the major items in a house like the lawn and any big repairs, plus being able to move around if you so desire. Some renters even use their time in a rental to determine what they would like in their forever home purchase.
So, what you offer to your renters is important because the process of renting is important to them. It can signify a lot. From the basic to the more detailed, here is how to ready your home for your new renter.
1. Get your home professionally cleaned. A home free of dirt and debris is very attractive to potential renters and sets a nice baseline and good starting off point for new occupants.
2. Spruce up the lawn. Even if it’s subconsciously, attractive curb appeal can make all the difference when filling your rental space quickly. Plus, it sets the tone for how you’d like your lawn maintained while occupied by others. Consider including lawn service in your rental agreement to make sure it stays in top shape.
3. Check all safety detectors. You definitely don’t want to be responsible for new renters moving in without first making sure that the smoke and carbon monoxide detectors are operating in the way that they should.
4. Include a welcome basket. Nothing says “thank you for renting our home, we are glad you’re here” more than a well-meaning basket of goodies welcoming them to your home and their new neighborhood. Let them know that you are here for them too. This gesture will go a long way in a mutual respect between both parties, and a respect for your home.
5. Notify your mortgage and insurance companies. Depending on the security interests of the mortgage plus the policy details, there are certain rules surrounding bringing rental occupants into the home. You’ll also likely want to change your homeowner’s insurance policy to account for tenant liabilities.