Amenities play an important role in attracting good renters for your property. According to a survey of 6,800 property managers conducted by Apartment Guide*, 76 percent of those polled believe they need to give their properties a face lift if they want to keep renters. Today, renters are searching for specific amenities within a home or a community, and they would pay a higher price if they get those features. This is exactly why landlords should always keep in mind the demands of renters. Here are a few amenities that are important to renters when it comes to rental properties:
Location
While you cannot do any renovations in this respect to increase the value of the property, landlords should take into account that a decent location will always be important to renters. A property that is situated in an expensive area or a hot neighborhood will attract more renters as compared to a property located in a less desirable neighborhood. Provide a renter with a school district location or a shorter work commute and they will likely want to rent there.
Open Floor Plan And Square Footage
Square footage will always be a unique selling point because everyone loves and wants more space. Alongside, there should also be an open floor plan, since a smaller space can seem much improved when rooms open into each other. Amenities in style of a resort, if possible, certain community features that include swimming pools, a fitness center and tennis courts are among the amenities that renters are looking for in 2015. Even if they are not available directly at the property, if there is a community with those amenities, it helps a lot. Therefore, a landlord should consider highlighting such incentives and features so that they can draw in more potential renters.
Updated Kitchen Appliances
People like using things that feel new or actually are new, and certainly do not want to have a feeling that they are using the same things that the people before them were using. This is why it is important to keep updating your appliances.
Outdoor Space
Some renters prefer having an outdoor space according to a study; Washington DC renters had ranked the outdoor amenities to be the number one priority when it came to renting properties. 61% of the respondents wanted to enjoy the outdoors while still being at home. Outdoor amenities include rooftop decks, sundecks, patio areas, and a space for placing grills and furniture.
Parking
No matter what the parking space is like, be it a unit parking space or a parking garage of the building, the renters who own cars would want a place to park their cars as well. Covered areas for parking are much sought after since they provide protection against snow or rain, and help in adding a certain level of peace of mind and sense of security.
If you manage to find ways to offer such benefits to renters, then they will come running to rent your property. While it may be difficult to offer all these amenities together, you can consider acquiring a few of them to make your property more attractive.
We are the experts in property management when it comes to Atlanta, and you can reach out to us by visiting our official website: www.alhpodland.com. You can even talk to us on twitter: @rentalhomesatl.
* Survey information is taken from: http://www.apartmentguide.com/blog/apartment-improvements-way-renters-2014/
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