If you’re a rental property owner, you know that finding ways to increase the value of your apartment can be a challenge. But did you know that there are specific amenities that can help give your apartment a boost? This article will share some of the best amenities to help make your rental property more valuable, so if you’re looking for ways to improve your investment property, read on for top tips!
A dishwasher in a rental property is an added perk that can save tenants significant time and effort when cleaning dishes. Not only does a dishwasher reduce the need for scrubbing pots and pans, but it also helps to save water. With an efficiency rating of 8.5 or above, using about 6 gallons of water or less per load, energy-efficient dishwashers provide significant water savings over hand-washing dishes.
The convenience factor should not be overlooked either, as a dishwasher in the kitchen makes sorting, loading, and unloading dishes much more effortless. All in all, adding a dishwasher to a rental unit can seem like an unnecessary expense at first. Still, its benefits will likely outweigh its costs over time as tenants reap the rewards of this essential household appliance day after day.
What’s better than a pool on a hot summer day? A swimming pool in the backyard of your rental property! Swimming pools are one of the most attractive amenities for many tenants and can significantly increase the rental value of an apartment or house. Having a pool also means extra maintenance costs, so it is essential to factor in these added expenses when considering adding a pool to your rental property.
It is also essential to consider local safety regulations and laws for swimming pools before installing one on the premises. Hire a reputable pool builder to install the pool and follow all safety guidelines to ensure your tenants are safe while enjoying a swim in their own backyard.
In-unit laundry facilities
In-unit laundry facilities are a precious amenity to have in rental units, as the convenience of having washers and dryers at home allows tenants to save time and money. With no need to travel to a laundromat or lug multiple loads of dirty clothes across town, tenants can quickly have their clothes clean and ready while remaining in the comfort of their homes.
Furthermore, this added amenity is also attractive to potential renters, significantly increasing your rental unit’s value. Therefore, providing access to laundry equipment should be a consideration when looking for ways to improve the worth of your rental property.
Extra storage space
Adding extra storage solutions to your unit effectively makes it more appealing to prospective tenants. Incorporating shelves into walls or finding creative ways to add cabinets can free up floor space and provide much-needed storage for valuable items. Consider utilizing your attic or basement, if applicable, as an additional area to store things.
You may even be able to charge a slightly higher monthly rate for properties that come with extra storage space. Potential renters will appreciate the features of your unit when they know their belongings will have a designated place in your room.
Security features on any window or door can be a great advantage for tenants. Installing deadbolts and additional locks on windows and doors in your leased apartment or house can provide peace of mind and assure that the area is secure. Not only will this prevent uninvited intruders, but it will make tenants feel safer in their homes.
Taking extra precautions to ensure safety provides tenants with a sense of security and comfort when they are home alone or away with family or friends. Making use of available security features will help establish trust between landlords and tenants.
Cleanliness and maintenance
Keeping your rental unit in peak condition is one of the best investments you can make in your property. Not only will a well-maintained rental unit attract quality tenants, but it can also reap financial rewards.
Clean and up-to-date rental units are more attractive to tenants and they are often willing to pay a premium for the peace of mind that comes with knowing they’re living somewhere safe and comfortable. Additionally, maintaining your unit regularly will extend its useful life and keep major repairs from becoming necessary, thus putting more money back in your pocket in the long run.
By keeping these things in mind, you can make your rental unit more attractive to potential tenants and increase its value. By adding just a few key amenities, you can make your apartment stand out from the competition and attract high-quality renters who are willing to pay top dollar for a comfortable place to live.