You might think about including the rental property’s top amenities for tenants that they like. So that you can get good tenants to move in or keep the good ones.
As time goes by, people’s needs are changing over time and the rental community. And meeting the trends of rental property amenities can make you and your rental property in the direction of what people would want for their rental property.
So in this article, I will discuss top amenities for tenants that you can include in your rental property or have a similar thing to attract potential ideal tenants and get into the competition.
Rental property top amenities for tenants
Here is the list of top amenities for tenants
Parking
If you’re renting in an urban area or a busy city like Brooklyn, New York, parking is a bit of an issue. Parking is one of the most important for those tenants who have cars. Imagine if you were a tenant and would come home from a tiring day at work, a traffic jam, and then you still have to think about the parking that is far away from your residence.
It’s safer and more secure for your tenant because they know the area.
Good Pet Policy
Most people love pets, and renters are not exempted. A policy that allows pets will lessen some of the stress of tenants searching for a residence place. The best way to protect yourself and your property is to have a detailed pet screening policy. It’s a win-win situation for you and the potential tenant.
On-Site Laundry
It’s not practical to spend your time hours at a laundromat. It can create unneeded stress and additional cost going to the laundromat. Having a washer and dryer on the property is a good idea to benefit the renters. It’s also an essential thing that renters consider when finding a place to live.
Outdoor Areas
When purchasing a property, you should also consider the outdoor areas. Many tenants are satisfied if spaces outside like balcony, deck, porch, or patio. If the space is in good shape, it can add great value to the home.
In urban areas, outdoor living space is preferable. You can also improve your rental property’s outdoor areas by installing outdoor seating, plants, shrubs, or a water feature.
However, if there are no outdoor areas, you can inform the potential tenants about the shared outdoor spaces of the building or nearby parks and recreation areas.
Storage Space
It’s costly and laborious to renovate and modify an existing floorplan to have an additional storage area. But what you can do is be creative and resourceful by adding up additional shelves in closets to create extra storage space.
Make sure that the kitchen cabinets have enough shelves inside to have maximum storage space. Moreover, Racks and over-the-door hooks will also help store shoes, towels, etc. Add bathroom vanities with drawers and cabinets.
Appliances and Furniture
There are renters starting life and don’t have enough budget to purchase excellent furniture. Many renters want to lessen the stress and prefer a furnished place.
A rental property that is furnished and has appliances is more attractive for tenants that are young singles and couples.
Air Conditioning
Air conditioning is one of the most preferable amenities, especially in hot and humid climates. You need to consult first with an HVAC specialist to have the air conditioning unit installed correctly on your property. You can also explore other options, such as a window unit in the bedroom or a swamp cooler. Nevertheless, an AC in your rental property can bring interested potential tenants or keep your good tenants and avoid unit vacancies.
WiFi Connection
Internet connection is a necessity nowadays. Since the pandemic strikes, many people are now on a work-at-home setup. And it’s also affordable since many internet service providers offer affordable rates with fast service and customer support.
It’s just a tiny thing, but it will undoubtedly significantly impact your rental property. You can use it for advertising the unit and making it some of the highlights and the other amenities. In that way, it will attract potential tenants, and your current ones will love this amenity.
Soundproof Walls
Privacy is one essential thing. However, old buildings have thin walls, and tenants don’t want to experience or feel that they were sharing a unit with the other neighbors. If you have a multi-unit rental property and noise complaints always arise, it would be best to have your walls get soundproofing. So in that way, the tenants won’t feel that they have shared the units with other tenants and can have their privacy.
Walk-in Closet
A Walk-in closet is highly preferable to many renters. If you can afford a little bedroom renovation, consider adding a closet for renters. Another alternative is to install a walk-in closet between two spacious rooms to entice potential tenants searching for that amenity.
If that is not doable, you can simply have some changes to the layout of your rental property and maximize the closet by installing organizers and extra wardrobe organizers.
Secured Community
Security is essential, especially if you’re renting in an urban area or city with a high crime rate. A secured community is vital to attracting quality tenants. You can install additional locks and surveillance cameras, and some of the apartment buildings have smart video intercom systems for more secure rental property. Most individuals desire to improve their home’s security, among other reasons, thus having modern security systems is desirable.
Fitness Center
Tenants nowadays are interested in complexes that have a fitness center. It’s because apartment gyms can save them from expensive gym memberships.
You can simply have several cardio machines and weights to satisfy potential tenants. Even though it’s a costly investment, it can pay off later on.
Recycling
Trash and recycling services can help appease tenants who pay attention to sustainability and eco-friendliness.
Pools
Pools are one of the top amenities for tenants, and they are often willing to pay more for this kind of amenity.
Aside from the top amenities for tenants, there are also some miscellaneous upgrades that can improve and help your rental business. And here are some.
Walkability
Tenants also consider the availability of nearby amenities and locations to the rental property. Some prefer to have a grocery store within walking distance to their home and restaurants, and other local amenities. So, it would help if you mentioned nearby facilities like schools, public transportation, and others when showing rental units.
Ease of Payment
Most tenants now favor the availability of online payment. They wanted more convenience in making the payment to benefit both the renter and the property owner.
Energy-Efficient Upgrades
Modern tenants are now considering and interested in a residence that has sustainable and efficient energy. It can also give your rental property get into the competition. Moreover, installing energy-efficient appliances can also lower utility bills, allowing tenants and landlords to better react to tenants’ needs for long-term housing.
The Bottomline
They can help a beginner or seasoned landlord make a rental property more marketable and profitable. Attracting ideal high-quality tenants entails modernizing your rental property’s needs.
Consider how adding these features and enhancements will help you grow your rental business. In addition, you can test potential tenants to identify the best fit for your rental property.
