First Impressions are Important to Investors & Tenants
I’ve been selling Real Estate Investment properties like Duplexes and Four-plexes in the Sacramento area now for almost 30 years.
It’s always amazing to me how many properties over the years I’ve seen that are on the market where you have junk, debris, non-operational vehicles in the driveway and the usual “over grown” grass/weeds.
Why is that important….? Because the impression given is that the inside of the property will mirror pretty much what you see on the outside.
When You First Pull Up to a Property – First Impressions:
If you’re an investor and looking at purchasing a property, do you think a prospective tenant will feel a potential pride of where they might live if Curb Appeal is poor..? Furthermore do you think they will want to pay you top dollar rent if the property looks unkempt?
From our Property Management experience the prospective tenant(s) will default to a position that the Owner/Landlord will probably not maintain the property if things go wrong if the Tenant was to make a repair service request.
Property Value is Affected:
In addition to the poor curb appeal when a tenant first pulls up to view it, think about the impact an unkempt yard would have on your neighbors. For example, if you currently live in a well maintained nice neighborhood of single family homes and all of a sudden you start see front yards of a few places standing out because they are over run with weeds and debris, increased property values will not be as great largely because of the poor neighborhood perception.
Guess what…? That standard works on Duplex or any other Residential Investment as well.
Call a Property Manager – Let Them Take Care Of it:
Just an FYI…? A good Property Management company will have a list of preferred vendors to help maintain the property and even notify you if they see something out of place on their weekly route.
Real Estate is a long term deal for the most part, so fix up the front yard now because it will pay you back in higher rents, better quality tenants and higher return at Re-Sale.
Now, if you’re thinking of Selling or even Renting up a unit please call me at anytime at 916.203.1260 for more information about the current rental/sales market.
In the Mean Time…?
Make it a Great Day…
- One-third of California renters unsure if they can make June payment, census survey shows – Sacramento Bee – June 1, 2020
- Property Management – Haven Properties – Vacancies
- Home prices during the pandemic – Sacramento Appraisal Blog – May 27, 2020
- As Stay-At-Home Orders Ease, Homebuyers Are Getting Back In The Game