Posted on: 18 November 2015
If you want to get your foot in the door with real estate investing, buying properties that can immediately be leased or rented is a good option. You can often finance the overall cost of the house and allow tenant rent payments to take care of the payments. However, not every reasonably-priced home you find on the market will be rental worthy. There are a few must-have features that you should be looking for when it comes to investing in rental real estate properties.
1. Look for homes with sturdy features.
It is perfectly fine to invest in a fixer upper when you are just starting to get into the real estate rental business. Homes that need a few upgrades may take a little money, but a nicer house means you can charge more for rent. However, you need a good sturdy house to start with, especially when it comes to potential rental properties. If a home is just cosmetically fixed up to look good, you are more likely to see damages with tenants. Make sure the basic frame of the house is solid, from the flooring to the roof.
2. Opt for floor covering other than carpet.
Carpet can be a huge hassle to clean every time an old tenant leaves and you are preparing the property to go back on the rental market. It is always a good idea to look for rental houses that have some other form of flooring in most of the house, such as laminate or hardwood, which is much easier to maintain.
3. Make sure the walls will be easy to cover in the future.
Textured stone walls, interior stucco, and even wallpaper are not good choices when it comes to rental home interiors. You never know how well a home will be kept once new tenants move in and keeping the walls clean and painted as needed will be important when it comes to marketing your home in the future. Look for basic sheet rock walls that can be easily painted or paneling that has a highly-durable layer of protective coating for easy cleaning.
4. Go for homes with at least two bedrooms.
The average American household has between two and three people. Therefore, you should be investing in homes that would cater to most families and their size if you want to see your property rented quickly. Two bedrooms are always a good choice, but feel free to go a little bigger with a three or even four-bedroom house. Look online, such as at http://www.memphisinvestmentproperties.net, for more information.Share