4 Tips On Successfully Showing A Vacant Property

vacant property

In 2017, more than 5.1 million existing homes were sold in the U.S. By 2019, that number is expected to rise to more than 5.67 million.

The high number of existing home sales means that in many markets, competition is fierce.

Where buyers may be wowed by the home itself when they’re shopping new builds, a vacant property is a much tougher sell. Without furniture and decor to distract them, buyers may struggle to visualize the property as a home, and may instead end up focusing too heavily on any flaws.

Luckily, there are several things you can do to make vacant premises more inviting. Keep reading to learn a few of the best tactics for making empty houses feel more like home to buyers or renters.

1. Make it Spotless

When you’re dealing with a vacant property that you need to show to potential buyers or renters, the simplest, and perhaps the most important thing that you can do is to ensure that it’s spotless.

While it may be easier to overlook a little bit of dirt when the space is filled with furniture and other items. But when its empty and potential buyers or tenants have little besides the property itself to look at, dirt on the walls, dust on the windowsills, or stains on the carpet will stand out.

Keeping up with regular maintenance is also important. Otherwise, every minor issue will stand out even more than it would in a furnished property.

2. Don’t Neglect the Lighting

If a vacant house doesn’t have lighting installed directly into the ceilings, you’ll want to make sure to properly light the space before showing it.

The last thing you want to do is show potential buyers around a vacant dwelling with a flashlight.

Add a few lamps, or if you’re looking to invest in the property, add some recessed lighting to illuminate the space for home tours.

3. Show Buyers that it Could be Home

When a home or apartment is empty, it can be tough to imagine what the space will look like once you add furniture, appliances, and decorations.

If you can, consider staging the property with furniture, rugs, and some decor. But even if you can’t fully stage the home, adding a few key pieces can go a long way towards helping buyers imagine themselves in the space.

4. Focus on the Value Rather than the Look

Whether you’re showing a vacant house or a vacant lot for rent, your best chance of winning over buyers or tenants is to put your emphasis on the value of a home or property, rather than the look.

Showing buyers why a property is a good value will help them see beyond empty rooms or minor flaws.

Showing a Vacant Property

Still struggling to sell or rent a vacant property? It may be time to get professional help.

A real estate agent can not only help you prepare a property for showings but also has the experience necessary to sell even the toughest property. They know what to say to potential renters or buyers to set their minds at ease and help them imagine an empty property as their future home.

If you need help selling or renting your vacant home, let us help you find the right real estate agent today.

What Does a Property Manager Do?

what does a property manager do

Homeownership rates are at a 50 year low. While that might seem like a scary statistic, for the landlord that means that the rental market is on the rise. You could attempt to face this market on your own, or you could hire a property manager. Now, you might be asking yourself: what does a property manager do?

Between 2005 and 2015, renter households increased by 9 million.

Along with the increase in rentals comes an increase in rental issues. Are you prepared to deal with high turnover rates, late rent payments, legal trouble, the excessive stress, frequent evictions, and the immense organization required to own a rental property on your own? At the least, you can expect to spend four hours a week maintaining a rental property, but that’s a bare minimum on a property with an ideal tenant.

If this all sounds a little daunting to you, finding a property manager should be your next step.

What is a Property Manager?

A property manager is an agency in charge of operating a real estate property for a fee. This could be a single person or a group of people who act on a homeowner’s behalf.

Maybe you’re a long distance homeowner and you can’t be there personally to oversee the many time and sanity consuming jobs that your rental properties need. Or, maybe you just aren’t interested in managing the whole thing on your own.

Either way, finding the perfect property manager can be a wonderful resource and can provide peace of mind.

What Does a Property Manager Do?

A property manager does a wide scope of things. They do the obvious, like advertise for tenants. They vet the various candidates to increase the chances that your property goes to the right people. They also organize maintenance and deal with the everyday problems tenants face.

But that’s not all they do.

They handle leases and move-outs. They inspect the unit and figure out what portion of the security deposit to return when a tenant leaves. They also clean and repair the unit.

Property managers deal with issues between tenants, they enforce the lease, and they aren’t afraid to be the ‘bad guy’ when necessary.

One of the most useful things property managers do is handle the legal side of things. The eviction process is lengthy and expensive, often leaving a property without a tenant for a minimum of four months. A property manager is there to handle that process and make it easier on the homeowner.

Property managers also supervise. Being an employer is difficult, and they’re not afraid to take this on themselves. The property manager handles any personnel required for your property.

Property managers deal with the recordkeeping. They manage the budget and all records. They also deal with taxes and are great tools to help you file taxes the right way.

Closing the Door

What does a property manager do? Everything. A lot of new investment property owners think they can save themselves the money it costs to hire a property manager, but this can be a losing game.

Property managers are invaluable resources. They make a property owner’s life easier and are absolutely worth the investment.

But finding one can be a difficult process. Contact us by phone or email and we will happily help you find the right person for you. We’re here to help!