Common deductions include excessive cleaning needs, damaged furniture or fixtures, unpaid utilities, missing keys or access cards, and alterations made without permission. Normal wear and tear should not be deducted. Take detailed photos at move-in and move-out to document the property's condition. Keep all receipts for any repairs or replacements you make.
While you're renting, understanding condo market trends can help predict rent stability and landlord behavior. Properties in high-demand areas with good resale prospects typically have more stable rents and better maintenance. However, rapidly appreciating properties may face higher rent increases at renewal. Consider the development's age, location, and market reputation when evaluating long-term rental viability.
You can use a spare bedroom in many ways. It could be your home office or study, a guest room for visitors, or even a hobby room. Some people turn the extra room into a walk-in closet or extra storage. Essentially, it's bonus space you can adapt to your needs.
Use room dividers, curtains, or tall furniture to create visual separation between sleeping, working, and living areas. Strategic lighting can create intimate spaces within the open plan. Consider a murphy bed or loft bed to maximize floor space during the day. Establish routines that give you psychological separation between work and rest time.
Measure wardrobe depth, check for full-length hanging, and look for shelves that suit daily items. Visualize bed placement, door swing, and airflow. Make sure a desk or cot fits without blocking pathways or covering sockets and switches.
Use light colors, mirrors, and good lighting to create an illusion of space. Choose compact, multi-functional furniture and utilize vertical storage. Keep the room uncluttered, use under-bed storage, and consider whether you can use some shared areas for activities like studying or relaxing.
Request written consent before drilling or painting. Confirm patching and color reinstatement at move out. Keep invoices for any professional work. Small changes can improve livability, but agreeing responsibilities now prevents friction when returning the unit later.
Take advantage of amenities to justify higher rent costs. Use the gym instead of paying for external memberships, utilize the pool for exercise and relaxation, and book function rooms for gatherings. Many condos offer additional services like concierge, dry cleaning pickup, or maintenance services. Factor these conveniences into your rental value assessment.