You’ve finally made the decision to jump into the rental market and have listed it on the market, to then be faced with a detrimental problem; Tenants are taking it, why? Below are 24 reasons why your property is not renting.
- Rent price
If you’re property has been valuated incorrectly or you’ve simply overpriced, renters will be deterred from requesting viewings.
A lack of lighting can cause a home to seem dull and very uninviting.
- Letting Agent
Finding the right letting agent is a tricky task. A substandard letting agent can really hinder your rental income if they’re not doing their job i.e marketing, advertising and outreach.
Make sure your agent has expertise in your area, charges a competitive fee and has a good track record. Rent Round allows you to compare letting agents in your area for free. Don’t let your letting agent be a reason your property is not renting.
Inexperienced or ill-equipped negotiators can easily scare off buyers if they see no room for rent negotiation on your end.
- Kerb Appeal
Your kerb is the first point the buyer will see, if it’s below expectations it can affect the renters opinion going into the rest of the house.
- House Viewings
This is a glorified bragging session where you’re able to show off the best bits of your home. If they’re not amazed, you’re doing something wrong.
While you have no control over your neighbour’s, loud noise emanating from neighbouring properties can be very off-putting for a renter.
If you’ve made clear that you’ll be unable to leave the property for several months, do not expect much interest for several months.
During house viewings and all other interactions with the potential tenant, it’s your job to remain enthusiastic and upbeat. No one wants to deal with a negative Nancy.
- Too Personal
A staged home that is chocked full of personal ornaments, photographs etc doesn’t do too well. Renters want to be able to see this property as their own, not yours.
An obvious but strangely overlooked point. Clean your home! Every nook and cranny should be spotless.
For renters with children they’ll expect decent primary and secondary schools to be nearby, if they aren’t it’s a no-go
Your critters may be the cutest things in the world, but the remnants they leave behind aren’t. The smell and hair left by pets can detract from a house.
De-cluttering should be the go-to home improvement for any property you’re looking to rent out. Tidiness can drastically change its appeal.
If you cannot make time for renters they will lose interest quickly. Respond to all enquiries and if you can’t make a date, schedule another.
Evidence of smoking to a non-smoking renter is enough to turn them away. Try and remove the odours caused by cigarettes.
Yes, it’s your letting agents job to advertise your property but this does not mean you shouldn’t! Post your home everywhere and anywhere potential renters may see it.
Seasonally there are good and bad times to rent a property – the summer being better than the winter – ensure you’ve chosen the correct period.
The images taken of your home for the listing should show a magnificent front-doored beauty, if they don’t, do it again.
The crime rate and other factors in your area could deter renters. While this is impossible to ignore, try appeasing them with all of the positives in your vicinity.
We live in an age where smart devices are a dime a dozen, if your home is still using old appliances the millennials will not be interested.
Honesty is the best policy. Intentionally leaving out faults within your home, that are then discovered is not only dishonest but illegal. You will have to fix them anyway once spotted, possibly ruining your relationship with your tenant.
- First Impressions
Some renters may visit your home a few times during the process. However, their first has to be magical to keep them coming back.
Space is the untold saviour in property and could be another reason why your property is not renting. A spacious home is a savvy home. Removing clutter and excess furniture can make a home much more welcoming.