- High-quality kitchen appliances are necessary to attract more tenants.
- Install ample parking facilities for added convenience and security for tenants with vehicles.
- Provide ample storage options for tenants to keep their homes organized.
- Washing and drying machines, plus laundry areas, are attractive amenities.
- Security features such as surveillance cameras and package delivery help provide peace of mind.
One of the key things that business professionals in the rental property market need to understand is that tenant preferences have changed over the past few years. To keep up with these changes, rental property owners must focus on amenities that can attract tenants and encourage them to choose their property over others. But what are the best amenities to include in a rental property? This blog post explores some of the top amenities that will help you attract new tenants.
1. Quality Kitchen Appliances
Tenants want to have functioning, high-quality kitchen appliances in their homes. Most aspiring tenants usually look at the kitchen first because it is where most of the daily routine tasks occur. Providing your tenants with quality kitchen appliances means providing them with a relevant amenity that will make their daily life more comfortable.
Ensure you provide tenants with energy-efficient, reliable, and modern appliances. Some of the best appliances to include are stainless steel refrigerators, ovens, and dishwashers. You can also add features like built-in microwaves and garbage disposals to entice tenants and make their lives easier.
2. Parking Facilities
Another amenity that rental property owners should consider providing is parking facilities. Providing tenants with a designated vehicle space can give them added convenience and safety. Not only will this help your tenants feel more secure, but it can also make their daily commute more manageable.
You don’t have to build an entire garage for this. Carports are a great option that is both easy and affordable to install. They also provide shade that can help protect tenants’ vehicles from the sun. If you have the space, you can also provide parking spots assigned to each tenant. This can make it easier for tenants to find their vehicles and create a sense of security.
3. Adequate Storage
Regarding storage spaces in the rental property, you must go beyond the essential built-in closets, shelves, and cabinets. Tenants prioritize ample storage space to keep their homes organized and clutter-free. Here are some ideas:
a. Add storage benches around the property
You can add storage benches in the living areas, bedrooms, or even outdoors. This allows tenants to store items such as blankets, pillows, and other items without cluttering the space. They can also be used as additional seating when needed.
b. Install wall-mounted shelves and organizers
You can also install wall-mounted shelves and organizers in the kitchen, living room, bedrooms, or any other rental property area. This will give tenants more room to store items without taking up too much space.
c. Install additional closet organizers
Closets are usually the first areas to get cluttered. Installing additional closet organizers such as baskets, shelves, and drawers can provide tenants with a much-needed storage solution and help them keep their closet areas more organized.
d. Include furniture pieces with built-in storage
You can also include furniture with built-in storage options, such as ottomans and coffee tables. This will provide tenants with additional storage space while still maintaining the aesthetic of the rental property.
4. W&D Units & Laundry Areas
It’s no secret that regular laundry is a household chore, which can be time-consuming for tenants. Providing a washing and drying unit in your rental building or home adds a convenient perk that potential tenants will appreciate. A laundry area is also attractive because it can help reduce or eliminate unpleasant odors and bacteria. You can also include things such as an ironing board for added convenience.
Safety concerns are critical to most tenants, so adding safety features such as surveillance cameras and coded locks is essential to attract new tenants. Additionally, with most remote working trends on the rise, adding secure in-unit parcel and package delivery areas is a friendly amenity that tenants will genuinely appreciate. They can rest assured that their packages are safe and secure with these features.
Amenities play a significant role in your rental property’s success, from filling vacancies quickly to retaining tenants for as long as possible. Identifying unique and creative amenities targeting prospective tenants is essential to make your rental property a desirable and sought-after location. With these amenities listed above, your rental property will attract more tenants, deliver a better rental experience, and reward you with great ROI in the long run.