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7 Success Tips On How To Get Good Tenants In Paphos Cyprus
You have purchased an investment property and now it's time to make it pay. You may have purchased your new villa solely as an income earner or you may have purchased it for your retirement here in sunny Paphos, Cyprus. Whatever the reason, if the property is to pay for itself you will want to find the best possible tenant and to do that, you want to make it stand out as the best long term rental in Paphos. Follow these 7 Top Tips for success.
The investment property has been purchased and you are now ready to think about furnishings to attract the best possible tenant at the best possible price. This is a very important step in the process if you are looking to make your property stand out and shine amongst all other long term rentals on the Paphos market.
A good tenant is looking for exactly what you would be looking for yourself. They are looking for comfort, quality, a homely atmosphere and a property that shines amongst the many on the market, so why not put yourself in the shoes of the kind of person you would like to see living in your property. It goes without saying that if you have bought a top class property and then furnish it with second class furniture it will struggle to attract top of the range tenants in a competitive market.
If you personally would be looking for a lounge suite that you can curl up on to watch TV why expect anyone else to sit straight backed on holiday type furniture. ‘Don’t spoil the ship for a h’apeth of tar’.
In order to achieve good rates you need to give your property that Wow factor. Read on for some common sense advice on initial steps to look at when getting your property ready.
1) Your property may have been the first to be completed on your new development and although this is splendid for you, no tenant will actively look to live on a building site? Consider your timing and be realistic with your price for the first year if you do wish to rent it as soon as possible.
2) Review your villa critically from a renter’s point of view. What essentials are missing i.e. do you have a shower rail round your bath? Are you able to pay a little attention to details without spending a lot of money to catch the eye? Presentation is paramount - pretty candles catch the eye. It shows the homeowner has some pride and taste. Ladies appreciate the visual aspect as much as cleanliness. Plastic flowers together with banal, badly framed pictures are not going to impress many if you have spent good money on your investment.
3) Check that all utilities are in good sound working order. It is essential that the water pressure is adequate if you wish to successfully rent a villa in Paphos. Air-conditioning is also expected as the normal.
4) If you expect your tenants to look after your investment, provide them with the niceties such as coasters to prevent marks on table tops and nice throws for the lounge suite. Most people will make use of these items if they are there but will not necessarily make the purchase themselves.
5) A good quality bed and mattress can make the difference if a tenant has the choice between two similar properties. Everyone tests the beds!
6) If you have a well planned outdoor space, make your property stand out from the rest. If you create a pleasant environment this could be seen as extra living space. Whether it is a balcony or patio, decorate it with pot plants, provide sun loungers, BBQ and good quality outdoor dining furniture.
7) Purchase kitchen utensil equipment and furniture that will last well. Tenants tend to treat better quality items with respect and care. You will also not have to replace them so often if they can stand more wear and tear. Do not leave anything in the property that you treasure and would be upset to lose. Accidents do happen and you want your tenants to feel it is their home for the term of their tenancy rather than them intruding into yours. An inventory is also a good idea for everyone to check and sign at the outset. This avoids any confusion at the end of the tenancy.
None of this needs to break the bank and your investment will pay for itself time and again by not sitting empty for months, creating for you the best rent possible and finding tenants that are not only happy to pay for quality but who will look after your property for you as if it were their own home.
Advertising is the backbone of successfully marketing your property. Make sure you have good clear photos and quality information to get the most out of your advertising and keep in mind a realistic and sensible price. Consider how much money and time you wish to utilise and spread your resources to reach as wide a market as you can.
Following the above Top Tips will assist you to rent your property quickly and to the type of tenants that will respect your property as they would their own.