Competitive pricing isn’t the only thing that will make you stand out in the rental market. Renters want a property that’s worth the cost with a combination of practical and luxurious amenities. But what are the features that will attract renters and lessen the number of property vacancies?
Ample Storage Solutions
Storage solutions appeal to renters because they help maintain organized living spaces without requiring additional furniture. Walk-in closets, built-in shelving, pantries, and linen closets make daily life more manageable. For added convenience, add closet organizers or floor-to-ceiling shelving.
Outdoor Amenities and Recreation
Outdoor spaces increase the property’s value because many renters want to feel closer to nature or exercise outdoors. Popular outdoor features include
- Private balconies or patios for individual units.
- Walking paths and landscaped common areas.
- Playgrounds for families with children.
- Tennis or pickleball courts for active residents.
- Community gardens or green spaces.
Properties with well-maintained outdoor areas are likely to experience lower turnover rates because residents develop strong attachments to their living environment.
Energy-Efficient Appliances
Another piece of property management advice for peak leasing season is to upgrade to Energy Star-certified appliances. Renters appreciate appliances that function smoothly and help control their monthly expenses. Energy-efficient refrigerators, dishwashers, washing machines, and HVAC systems reduce electricity bills and provide reliable performance.
Updated Interior Design and Finishes
Fresh paint, modern fixtures, and contemporary finishes transform old properties into desirable rental options. Features that will attract renters include updated kitchen cabinets, contemporary bathroom vanities, and neutral color schemes that appeal to diverse tastes. Luxury vinyl plank flooring offers durability and style without the maintenance requirements of hardwood.
Interior updates don’t require complete renovations. Intentional improvements, like new cabinet hardware, updated light fixtures, and fresh paint, make aging properties resemble new builds.
Convenient Parking
The parking situation could be a dealbreaker for potential tenants. Tenants don’t want to deal with struggling to find a parking spot or walking a very long distance to their front doors. Your property should feature covered parking spaces and assigned spots positioned near the tenant’s residence.
Reduce Vacancies and Make Your Property More Desirable
Quality tenants recognize properties where owners invest in their comfort and convenience. Incorporating a few of these features will attract more renters and decrease turnover rates.
