What amenities can you provide to help make your property more attractive to prospective renters? You may think that there aren’t many, but in reality, the list of things that are important to renters can be quite long – and some of them will surprise you! Here are nine features you can incorporate into your rental properties to make them more attractive to tenants.
1) Outdoor Space
Outdoor space is a great amenity for any rental property. It’s a great way to make your renters feel that they’re not just living in an apartment, but also enjoying the outdoors. Outdoor space can be as simple as some lawn chairs, or as extravagant as a swimming pool. The perfect outdoor space will depend on the location of your property and what the renters in that area are looking for.
2) Pets Allowed
Pets are a great amenity to offer tenants. This can be a huge selling point, especially for families with kids or people who love animals. However, before you offer pets as an amenity, make sure that your state allows them and your home is pet-friendly.
3) In-Unit Laundry
In-unit laundry is a must-have amenity for renters, and can be a great way to differentiate your property from the competition. The machines take up less space than one might think, and renters don’t need to travel far to do their laundry. In-unit laundry can also save tenants money by eliminating the cost of a washer/dryer unit in their own home.
4) Stainless Steel Appliances
Stainless steel appliances are a great way to make your rental property more attractive to renters. This option is popular because it’s easy to maintain and doesn’t show signs of wear like other materials do. They also offer a sleek, modern aesthetic that many people like.
5) Hardwood Floors
Hardwood floors are a great amenity because they not only increase the value of your property, but they also make it more attractive to renters. They’re inexpensive and easy to maintain, which is an important consideration when you’re running a rental property. Plus, many people associate hardwoods with a higher-end rental experience.
6) Central Air Conditioning
Central air conditioning is a great amenity for renters because it helps keep their apartments cool in the summer and warm in the winter. It can also help reduce your energy costs, which will save you money in the long run. Plus, it’s good for your property’s resale value.
7) Garage Parking
Garage parking is a rare amenity and renters are often willing to pay a premium for it. In addition, a garage can be used for storage or as an extra bedroom. Plus, garages have easy access from the street, so guests won’t need to lug their groceries far.
Garage parking is not without its disadvantages; it’s pricier than surface parking and garages may be harder for drivers with disabilities or families with strollers to navigate.
8) Storage Space
Offering storage space is a great way to make your property attractive because it’s a service that renters often need. Whether they’re looking for somewhere to store seasonal items, business inventory, or just the overflow from their apartment, you can provide them with an affordable solution that’s close by. It doesn’t matter how big or small your property is; providing off-site storage for your renters’ items is always a good idea.
9) Fitness Center
A fitness center can be a huge selling point for any rental property. With a growing number of renters looking for apartments that have this amenity, it’s important to take advantage of the opportunity and make your property stand out from the rest. Plus, having a fitness center will help you ensure that your tenants are living an active lifestyle and living healthier lives.
Partner with United Funding Group
No one is immune to the effects of inflation, least of all small businesses. In these uncertain times, it’s more important than ever to have a reliable partner you can count on for funding. United Funding Group has a long history of helping small businesses weather tough times. We offer a variety of funding options that can be tailored to your specific needs. So if you’re worried about how inflation will impact your business, give us a call. We’re here to help.
Contact UFG, Today!
United Funding Group provides funding for all types of businesses, regardless of industry. In fact, we provide merchant cash advances for many industries, including retail, service, restaurant, and real estate investment. Whether you’re expanding your business or opening a new one, we can get you funded quickly and easily. Contact us today to learn more about merchant cash advances from United Funding Group, ufgfunding.com.
