Real estate investment nowadays has become more challenging and a competitive place. You should always be on watch on the current trends and tips to be ahead of the pack. However, despite your knowledge of the trends, there would be a time that some home buyers may neglect or not even peek on what you are selling. Sometimes property buyers and renters can be picky, and to adjust to their wants and needs, you should try to know them first. In the following article of Marina Shlomov, it highlighted some insight on why some tenants are too aloof with what you offer:
Why Did The Tenant Chose Another Property? Tips For Investors
Rental Price
If the rent is not competitive with other properties in the area, prospective tenants will not look much further than your advertising. Good tenants will not overpay for a home when there are many options available at a lower price.
Safety
This is an important issue in today's world. The property needs to have locks on windows and doors. The outside lighting should be sufficient, and you don't want any problems with crime in the neighborhood. Your tenants want security, so they may feel safer with the bushes trimmed. Read original post...
In most cases we are more concerned about the structural appearance of our property. And in some instances, we make upgrades without even considering the perspective of a possible buyer or renter. We tend to forget that not all renovation and improvement that we make can improve the market value of our properties, in some cases, these improvements may even break the value of our property.
Proper pricing is one of the critical element that should be considered when selling or renting a property. The price itself serves as an invitation for renters or buyers to check your property. No matter how good and stunning your property and the images on the display, when the price is not that viable, then renter or buyers would even dare to check on what you are offering. For you to have the correct pricing, try to compare your property with other people's property in the neighbourhood and their price. You might want to ask some advice of a professional real estate agent to guide with your pricing.
