Whether you're a homeowner looking to turn your house into an income property, or you've purchased a new home specifically to convert, home repair is often a requirement when turning any property into a rental. For tips on how to successfully turn your home into a rental property, consider the guide below.

How to Convert a Home Into a Rental

1. Obtain Permits & Permissions

Converting a home into a rental property might seem easy, but it can come with its share of red tape. For instance, if the home resides in an HOA, you will likely have to speak with the board to ensure there are no restrictions in the association's rules limiting the property's use.

Additionally, you will also need to reach out to your city to obtain the proper permits required to convert a residence into a rental. Permit requirements will vary depending on the municipality, as well as whether it's a long-term or vacation rental.

2. Upgrade Your Property

To guarantee the biggest return on your investment, look at other rental properties in the neighborhood and make comparable home repairs to give yourself an edge, especially in competitive areas.

Consider upgrading the exteriors of the home with a fresh coat of paint, cleaning up outdated landscaping, or providing new flooring or kitchen appliances inside. While it may add to your upfront costs, these upgrades will allow you to ask more in rent, paying for themselves over time.

3. Perform Necessary Repairs

Create a comfortable and hassle-free home for your future tenants by tackling any necessary repairs before you rent it out. Hire a home repair specialist to help you address issues with the heating and cooling system, perform routine maintenance on plumbing, and replace broken or outdated fixtures, such as showerheads, toilet seats, and electrical outlets.

Also, consider having the home professionally cleaned inside and out, including power washing siding, patios, and sidewalks to beautify the outside of the property.

When you need help converting your home into a rental property, contact the professionals at T.M.T. Service Repairs in Savannah, GA. With over 20 years of experience, their highly skilled team of technicians has provided a variety of home repair services, including painting, plumbing, electrical, and cleaning, to help homeowners get the highest returns on their income properties. Contact them today at (912) 656-1062 to schedule service, or visit them online to learn more.