Mortgage brokers at Smartline Rockingham, have worked with a lot of homebuyers from Kwinana, Baldivis and other areas. While the majority are for owner-occupiers, we also handle a fair amount of rental properties. Sometimes, small property investors want to sell their properties for various reasons. Sometimes they want to go in a different direction. Sometimes they want to upgrade or invest in a different location.
If you are thinking of selling a rental property, here are some things you need to consider to maximise your returns.
Is Maintenance Up to Date?
Most real estate professionals agree that the surest way to degrade a home’s market price is to leave maintenance issues unreconciled. Generally, the better your home looks, the more money it will command on the market. For example, simple tasks such as steam cleaning a carpet and painting the house will make it sell faster and for more money.
Make sure gas appliances are working perfectly. Change air conditioner filters. Make sure your gutters and drains are cleaned. If your property is scheduled for a routine inspection, see if you can have it inspected sooner so that you can address all maintenance issues. The prospective buyer is going to find out about the problems when they have it inspected anyway; it is much better when you can tell the buyer that you proactively repaired the problem areas.
It is often helpful to hire professionals to present your property in its best light. You could hire a stylist, an interior decorator or a “stager” to make your home look its best on the inside. A gardener can help present your front yard and backyard in the best way possible.
Landlord insurance is essential in protecting you from liability in the case of loss, damage or injury during the process of selling.
Call Smartline Rockingham Today
Call Smartline Rockingham for an “insurance checkup” today. We can also check the terms of your current mortgage and help you finance your next home or investment property: (08) 9527 1800.