About Condo Cleanout for RentingA huge mistake inexperienced property investors or homeowners make when renting out a house is believing the rate they charge will create an actual profit. But, the rental price must not only cover the mortgage and insurance, it’s also got to fund the property taxes, HOA, maintenance, and more. Basically, the rent must be high enough to cover the expenses but not too high.
Renting out your house, condominium, or apartment can be lucrative. But how do you prepare a home for rental? The number of renters in the United States—currently at 40 million—is expected to increase by between five million and six million in the next decade, according to the National Association of Realtors. That’s opportunity if you want it. Yet before you post a ‘for rent‘ sign and advertise your rental property, take time to prepare your place. —Realtor.comThis is why it’s helpful to do what you can, where you can to avoid additional expenses. Research like properties, with the same number of beds and baths, about the same square footage, and similar amenities. Then, you can determine the monthly rent based on actual market value. You’ll also have to make the space presentable to rent it out.
Hudson Condo Cleanout Tips You can UseJust picking up the garbage and tidying up won’t cut it. Potential renters are discerning. They’ll spot issues and will definitely remember any negative impressions. So, do it right before you even list it for rent. This way, the photos won’t misrepresent the space. Here’s a helpful overview of how to do a condo cleanout:
- Remove furniture. Too much furniture wrecks the visual appeal and sense of space. Rearrange the furniture in a “floating” pattern around an area rug so it sits away from the walls. And, remove what’s unnecessary to free up space.
- Empty the kitchen. Cleanout the entire kitchen, including the pantry, cabinets, and drawers. Leave nothing inside so people can see plenty of storage space. You can leave some neat decor about but the countertops should otherwise be unoccupied.
- Dispose of all toiletries. If the bathroom has any personal effects, get rid of them. Nothing personal should remain in the bathroom(s) because it’s a big turn off to anyone who sees them.
- Purge all the junk inside. Of course, if there’s any junk lying around in any part of the condo, you need to get rid of it, as well. Purge, purge, purge and create more space doing so.