Updated: Mar 20
Are you looking for ways to make your rental property more attractive than others on the market? Do you wonder if your apartment complex has all the features that tenants are looking for? If so, then you need to start by learning about the best property amenities.
Doing so can incentivize potential renters. They'll view your property as the go-to spot. It helps tenants understand the ROI from renting your property as opposed to renting elsewhere.
See below for an in-depth guide on the best property amenities to offer your tenants. This can help you attract tenants of all different ages and backgrounds.
1. Walkable Areas
Put yourself in the shoes of your renters. If you're looking to rent a smaller space to match the budget (such as an apartment), what's the thing you're bound to prioritize more than anything else? The outdoors.
Renters are smart; they understand that the smaller square footage of an apartment can cause them to become a bit stir crazy. The perfect way to combat that is by finding a complex with plenty of places to walk around and hang out.
That's where your property can differentiate itself. By providing as many walkable paths and areas as possible, it will seem as if your property encourages a renter's well-being. This is also a great opportunity for them to connect with other residents, exercise, walk their dog, etc.
If you don't have enough space to create a walkable path or aren't a complex owner, don't fret! Just look for properties that are near walkable areas. This could be things like local parks, colleges, zoos, beaches, or malls; anywhere that people view as a safe and fun place to check out.
For those of you that have walkable areas on/near your property, be sure to flaunt it in the property description online. That will stand out to interested tenants!
2. Smart Home Features
Interested renters are "smarter" than ever. They are starting to prioritize renting properties that have smart home technology in them. This can offer them several benefits, such as:
Protection for family and possessions
Surveillance on kids and pets (even when they're away)
Lowers the cost of renter's insurance
Creates a modern aesthetic that will impress their loved ones
Lowers the cost of their energy bills
But the residents aren't the only ones that benefit! As the property owner, it can raise the quality of your rentals and help lower the need for routine maintenance. For example, LED lights can last up to 100 times longer than incandescent light bulbs.
That begs the question: which smart home devices should you purchase? Any devices will intrigue renters, but some of the more popular options include, smart thermostats, smart front door locks, smart appliances, LED light bulbs, water leak detection software, and smoke and monoxide detectors.
If you're unsure which ones to install, bring the question to the people! Ask your current tenants which devices they'd love most; that way, you'll keep your current tenants happy and create excitement for future tenants as well.
3. In-Unit Washer and Dryer
Be warned, more and more renters are viewing this as a mandatory amenity, not a luxury. In other words, more renters expect an in-unit washer and dryer, thus turning their heads at any property that doesn't include it.
That said, it would also benefit you to have control over the washer and dryer in your properties. If you purchase a top-of-line-brand, you'll enjoy such benefits as:
Longer lifespan for your washer and dryer
Reduce your property's carbon footprint
Enhance the experience for your tenants
Reduce the space that the appliances require
Better care for tenants' clothes
Fewer maintenance costs on your end
Make sure that you list this on your property details online. If you're listing your rental on a site like Zillow, make sure it's set to where your property pops up when renters select the "in-unit laundry" box on the filter options.
4. On-Site Vending Machines
We all know what it's like when you're in a rush to get out the door; you just need a snack to hold you over for the meantime. That's when a conveniently-placed vending machine can save the day.
If you're the owner of an apartment complex, then on-site vending machines are a no-brainer. Not only do they attract tenants, but they're also another source of revenue for you.
With BabyVend, you can either get a BabyVend machine at your property or purchase one to own and place wherever you'd like; whether that's on your property or otherwise!
5. Hard Surfaces
Some renters are looking to rise above the standard carpet flooring that most apartments offer. While hardwood floors are the holy grail of rental flooring, they also enjoy other flooring materials.
For example, luxury vinyl plank flooring can help you achieve the look of a hardwood floor without the constant upkeep or higher price point. It can also be purchased to replicate natural stone.
Laminate flooring is another cost-efficient option that will endure. It can help you achieve a modern aesthetic that will make renters' jaws drop to the floor.
Invest in These Property Amenities for Your Future Tenants
Now that you have seen an in-depth guide on the best property amenities you can install to separate your property from the pack, be sure to use it wisely.
Take the time to read this article for more information on why investing in a vending machine company is the best investment to make right now. For more inquiries, please be sure to reach out to us by email at firstname.lastname@example.org.