Why Isn’t My Home Renting? Palm Coast Property Management Advice

 

Tenants are looking for homes that are well-maintained, located in great neighborhoods, and priced according to what the market will bear. If your home isn’t renting, it’s likely due to one of these reasons. Long vacancies will cost you a lot of money, so it’s important to get your property rented to a great tenant quickly.

Why Isn’t My Home Renting? Location

Palm Coast and the surrounding areas have been growing rapidly over the last few years. There are a lot of tenants looking for homes. If yours isn’t renting, it could be due to its location. If you’re not near great schools, or it’s hard for commuters to get to work, you may have some trouble finding a tenant. Many potential tenants are looking for newer properties in HOAs that are close to recreational activities, shopping, and restaurants. If your location isn’t ideal, you’ll have to attract tenants by offering incentives and lowering your price.

Why Isn’t My Home Renting? Price

You may have an idea of what you think your home is worth, but tenants are going to know what the going rate is for a property like yours. They are looking for homes day and night and they have access to a lot of information on the internet. So, if you’re asking $1,500 for your property when similar homes are renting for $1,300, you’re going to have some trouble finding a well-qualified renter. Examine the local market, check out your competition, and price the property accordingly. It doesn’t matter what you want to earn or how much your mortgage payment is. Good tenants know the market, and you need to as well.

Why Isn’t My Home Renting? Condition

Take a look at your property from the perspective of a tenant. Is it a place you’d like to live? If not, you need to make some changes. Stand across the street and evaluate the curb appeal. If the lawn is overgrown and the paint is chipping off the front and the blinds in the windows are broken or missing, you’ll have a hard time convincing a good tenant to even go inside. Once in the house, is it clean? Do all the appliances work? Make it look like an appealing home. Paint the walls, clean the carpets, and make affordable updates to the kitchen and the baths. Good tenants are only going to rent good properties. Show them that you care about the home.

These are the most common reasons that a house doesn’t rent. If you need help evaluating your home or finding tenants, please contact us at Everest Realty. We’d be happy to help you with property management in Palm Coast, FL.