Landlords – 8 Amenities to Include in Your Rental Unit

The  increase  of  pricing  in the  housing  market  and lack  of  inventory  has  left  some potential  homebuyers  renting  instead of  purchasing.  As  a  result,  these renters may not  just  be  viewing  rentals  as  just a  temporary  steppingstone  to homeownership and  expect  their  rentals  to  have  nicer  amenities  than in previous decades.  

If  you’re  a  landlord, there  are  8  amenities  your  rental  should  consider  including:

  1. Dishwasher –  Rentals  without  dishwashers  may  experience more  turnover than those  that  include  one.   
  2. Washer and Dryer  –  With  all  the  great  space-saver  appliances  on the market, there  is  no  excuse  not  to  find room  for  a  washer/dryer unit.  
  3. Alarm System  –  Security  systems  cost  a  few hundred dollars  and can add value  to  your  rental.   4.  Pest  Control,  Gardener,  Pool  Service  –  Renters  are  looking  for  lowmaintenance  homes.  Including  these  services  in your  rent  also  ensures  your property  stays  in  great condition.
  4. Central Air  conditioning  –  Homes  with  central  air  conditioning  rather  than wall units  always  command higher  rents  than those  without.  
  5. Private Parking  –  Whenever  possible,  make  sure  there  is  a  designated parking  spot  for  the  renter.
  6. Outdoor Space –  While  not  always  possible, when looking  for  new investment  properties, opt  for  one  with outdoor  space.  
  7. Home Warranty –  avoid unexpected repair  costs  by  adding  a  home warranty  to  the  property. 

Rentals  have become a  necessary  alternative  to  homeownership  for  some.  These renters  will  pay  top dollar  for  the  best  properties.  Make  sure  your  unit  stands  out by  offering  the  amenities  modern renters  want.  

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