Skip to main content

It Is Better To Renovate Before Renting Out After Tenants Vacate A House

 Visit Our Website 


Rental apartments or houses are left in a state of disrepair most of the time by the tenants when they move out, these make the house look dilapidated and low-valued.

A conscious effort needs to be put in place by the management company/landlord to ensure constant repairs are carried out by both the tenant and landlord as stated in the tenancy agreement. These repairs should include plumbing, wardrobes/cabinets, electrical fixtures, doors, and keys, etc. The management company/landlord should visit the tenant periodically as stated in the agreement (could be quarterly, bi-annually, or yearly). This will ensure that the house is not dilapidated. A dilapidated rental needs a lot more money to renovate the apartment or house when the tenant moves out.

In an ideal situation, the landlord will have to put things right each time a tenant packs out before letting the house out to the next occupant. Most times renovating your house before renting them out helps bring out the beauty and functionality. This has proven to help minimize rent void which the landlord may suffer. A functional house appeals to tenants who are not willing to spend too much on house repairs before moving in. It also brings general satisfaction to both tenants and landlords. This is the same reason most tenants request a newly built house from their agent while searching.

A renovated apartment/house attracts better quality tenants. These are tenants that appreciate quality and therefore take good care of your house. This kind of tenant also pays their rent on time.

 A house in a good condition requires the tenant to inspect and sign a checklist. Thereafter pay a refundable caution deposit.  This deposit is refundable to the tenant in full or parts depending on the state of the house on exit. However, this is not always the case as the caution deposit might not be enough to repair even half of the damages left behind by some tenants. This might be very discouraging to the landlord who carries out such repairs frequently due to transient tenants. A better fix to this problem is routine visits and inspections of your property and make sure all damages are repaired promptly by the tenant or landlord (depending on the nature of the damage and responsible party).

Try to select responsible tenants that will live in your house for at least 3 years, this helps to maximize your income while spending minimally on routine maintenance/renovation after every tenant vacates the rental property. A renovated house brings less maintenance for the landlord and tenant. So the landlord will have fewer headaches from tenants calling about one maintenance issue or the other.

Also, use the opportunity of a vacant house/apartment to do a thorough electrical inspection, plumbing inspection, roof inspection, sewer or septic system inspection, foundation or structural inspection, fire security, etc as per prevailing building regulations. Ensure to carry out fumigation of the roof, interior, and exterior of the house.


Disclaimer
Any views or opinions represented in this blog belong solely to the blog writer/owner and do not represent those of people, institutions or organizations that the writer/owner may or may not be associated with in professional or personal capacity, unless explicitly stated.
Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. All content provided on this blog is for informational purposes only. The writer/owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site.
The writer/owner will not be liable for any errors or omissions in this information nor for the availability of this information. The writer/owner will not be liable for any losses, injuries, or damages from the display or use of this information.
Comments are welcome. However, the blog writer/owner reserves the right to edit or delete any comments submitted to this blog without notice due to:
- Comments deemed to be spam or questionable spam.
- Comments including profanity.
- Comments containing language or concepts that could be deemed offensive.
- Comments containing hate speech, credible threats, or direct attacks on an individual or group.
The blog owner is not responsible for the content in comments.

This blog disclaimer is subject to change at any time.
Labels:

Comments

Post a Comment

Other interesting posts

Real Estate as a Store of Value

Visit Our Website Store of value is a function of an asset that can be saved, retrieved and exchanged at a later time without any risk of losing it and also retains its purchasing power into the future. Wealth is the total of all stores of value monetary and non-monetary assets. The most common store of value in modern viewpoint has been currency, precious metal (Gold, silver etc.) and real estate. The underlying reason for using this storing medium is that it has a better way of managing the risk associated with it. Most people would say money is one of the best ways to store value because of the ease of exchanging it for other goods and services without time wastage, but it can quickly be affected by hyperinflation mostly in developing world. However, real estate is a better means of storing value for investors if the property is strategically located in choice areas, well-built (architecturally and structurally) and free from any form of disaster. A good house will gain ...
8 comments
Read more

Why Parking Lot Should Be Highly Considered In Apartment And Commercial Buildings

     Visit Our Website  When you build a house without adequate parking space for the tenants, this can quickly become a nightmare. These can bring discomfort to the tenants, lead to quarrels among tenants and limit the number of vehicles each family can own. Tenants looking for apartments without parking space are limited, so these can result in rent void for several months. During the building planning stage, you need to work closely with the architect to ensure adequate parking areas are created and assigned to every apartment. One to two-bedroom apartments will need at least one parking lot each, while three to four-bedroom apartments will need two parking lot each. In most cases, a self-contained room may not need a parking lot because they are usually let out to young and singles individuals without a vehicle yet. Parking lots bring a lot of value to an apartment when tenants know they can park their vehicles without hassles or need to scout the immediate vicin...
Post a Comment
Read more

What You Should Know About Real Estate Speculation

Visit our website Real estate speculation  is the purchase of a real estate asset (building or land) with the hope that it will become more valuable in the future. It is a passive approach to making profit based on forecasts  and educated guesses of future real estate market trends not substantiated by firm evidence . Speculation leaves no room for the speculator to influence the profit outcome,  because there is not much you can do as a speculator to drive, influence or accelerate the appreciation of the land or building(s).  Real estate speculation can be likened to investments in stocks or sports betting in this respect. On one hand, real estate investments generally involve a degree of speculation on the potential for appreciation in the value with time due to changing market conditions (demand versus supply) and/or improvements in face value (infrastructural, social, economic, security) in the locality. On the other hand, it is important to note that ...
Post a Comment
Read more

How to Choose the Right Real Estate Agent and Spot the Red Flags

  Visit Our Website  Navigating the real estate market, whether buying or selling a home, is a significant financial and emotional decision. At the heart of a successful real estate transaction lies a knowledgeable, trustworthy real estate agent who serves not only as a facilitator but as an advocate for your best interests. Selecting the right agent can simplify the process, minimize expenses, and ease your stress—while the wrong choice can result in avoidable setbacks and expensive errors.   Real estate transactions involve complex paperwork, negotiations, legal considerations, and financial commitments. A skilled real estate agent brings market insight, local knowledge, negotiation skills, and access to resources that can be pivotal in securing the best deal. The right agent does more than just open doors; they offer guidance, protect your interests, and help you make informed decisions.   1. Research and Referrals:  Start with referrals from friends, family,...
Post a Comment
Read more

A Landlord’s Checklist: What to Know Before Renting Out Your Property

  Visit Our Website  Renting out a property is not just a financial decision—it is a powerful way to build wealth, create passive income, and establish long-term security for yourself and your family. Whether you are leveraging a second home, downsizing, or exploring real estate investing, becoming a landlord opens the door to new opportunities. While it may seem daunting at first, with the right preparation and smart strategies, you can protect your investment, maximize your returns, and enjoy the benefits of owning real estate. The following steps will help you build a successful and rewarding rental experience. 1. Understand Your Legal Responsibilities As a landlord, you are subject to local, state, and federal laws that govern the rental process. These include rules related to fair housing, tenant rights, eviction procedures, security deposits, habitability standards, and other relevant matters. Familiarize yourself with the Fair Housing Act to avoid discriminatory practic...
Post a Comment
Read more

The Ultimate Guide to Staging Your Home for a Quick Sale

  Visit Our Website  Selling a home is often one of the biggest financial decisions a person makes. In today’s competitive real estate market, first impressions matter. A well-prepared property can stand out, attract more interest, and sell faster and for a better price. One of the best ways to achieve this is through home staging. This involves making a home look its best to appeal to a wide range of potential buyers.   Home staging is more than just cleaning or decorating. It includes decluttering, depersonalizing, and arranging spaces to create a neutral and welcoming environment where buyers can imagine themselves living. The first step is to remove excess items that can make a home feel crowded or chaotic. Closets should be organized, countertops cleared, and rooms should not have unnecessary furniture. Personal photos, bold artwork, and specific decorations should also be taken down to create a blank canvas that appeals to more people.   Once the home is declut...
Post a Comment
Read more

Lag Time Between Inflation and Increase in Real Estate Price

   Visit Our Website  When a real estate investor buys land or a house, it is expected for the property to potentially preserve and even grow in value. This value may be a response to high inflation or positive appreciation from an economic or developmental standpoint. The lag time for real estate to respond to these changes in value is dependent on a lot of factors.   When an investor speculates on land, this may give good appreciation if carefully thought through. Land appreciation may be the result of scarcity, location, or several ongoing new developments around the community like new buildings, and government infrastructural development. However, buying or building a rental property for medium to long term hold will appreciate based on the city, location, serenity, security, and good infrastructures in the community (drainage, good road network, streetlights, schools, hospitals, power, water, sanitation, etc).   Inflation will lead to a rise in rental rates...
Post a Comment
Read more

Effective Strategies To Increase Your Property's Value

  Visit Our Website  Improving a property to make it more appealing to potential buyers or renters is a sound investment tactic. There are several cost-effective ways to add value to your home, from simple cosmetic updates to more significant renovations.   One of the easiest ways to increase a property's value is by enhancing its curb appeal. Freshening the exterior with a new coat of paint can instantly make the house look more inviting. Additionally, well-maintained landscaping, including neatly trimmed lawns and colorful flowers, can leave a positive first impression. If local regulations allow, consider adding extensions for an extra room, bathroom, garage, or carport, which can significantly boost the property value.   Key areas within the home, such as the kitchen and bathroom, are crucial to potential buyers. Upgrading the kitchen with modern countertops, cabinets, and appliances can be a wise improvement plan. Similarly, renovating the bathroom by replacing ...
Post a Comment
Read more

Establish a Clear Exit Strategy Before Investing in Real Estate

  Visit Our Website  Investing in real estate is one of the most significant financial decisions you will make. Whether purchasing a home for personal use or acquiring an investment property, it is essential to approach the process strategically. A clear, well-defined exit strategy ensures that your investment aligns with your financial objectives and protects your capital over the long term.   Why an Exit Strategy Matters Before finalizing any property purchase, establish a clear exit strategy; this is your plan for how and when you will sell or divest from the asset. An effective exit strategy helps mitigate risk and ensures your investment remains adaptable to changing market conditions. Key questions to consider include: Can the property be sold   easily ?  Properties in prime locations generally offer higher liquidity and  greater  market appeal. How quickly do similar properties sell?  Understanding the average time on the market for compara...
Post a Comment
Read more

Properties in New Developing Areas vs Developed Areas

  Visit Our Website  When considering real estate investments or purchasing a home, buyers often face a critical decision: whether to invest in a property in a new developing area or an established, developed area. Each option comes with its own set of advantages and challenges, and the best choice depends on individual goals, financial capacity, and lifestyle preferences.   Developed areas are typically characterized by well-established infrastructure, mature neighborhoods, and easy access to essential services such as schools, hospitals, shopping centers, and public transportation. These areas are often located closer to city centers, making them attractive to individuals who prioritize convenience and accessibility. Properties in developed communities generally have higher market values, driven by demand and the scarcity of available land. As a result, these areas often offer more stable and predictable returns on investment. However, this stability comes at a cost—pro...
Post a Comment
Read more