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MANTRAS FOR HOME OWNERS

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Start early

It is advisable to start marketing your property at the earliest as it would ensure that you do not lose any potential rental income from non-occupancy of your apartment. Most of the tenants typically start looking out for an apartment 30-40 days from their tentative date of possession. This should act as a good thumb rule as to the right time to start marketing your property.

Preparation of the house

When it comes to renting a property, first impression is definitely the last impression. Given the limited time within which any prospective tenant will finalize a place to stay, it is unlikely that he/she would revisit a property that did not find approval at the first instance. In that aspect, it is critical that the homeowner keeps his property in a marketable condition to show to any prospective tenants. This would include cleaning of the apartment, repainting of the house if it is already due, repair work related to furnishings or civil work.

The home owner should always keep in mind that any client will form an opinion of the house based on what he sees and not based on how the house might look like if everything is repaired and refurbished.

Background check

It is always better to do a complete background check before giving the apartment on lease. There are several checks that have been put in place by various authorities to take care of this like the police verification, requirement of documentation and reference checks by some societies. We would urge all home owners to strictly comply with these formalities as it is beneficial for them in the long run.

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