Ten Amenities Tenants Look For in a Rental Property

When renters are searching for a new property to call home, there are certain features that top their list. Having a property that contains these desirable features can help differentiate your rental from the rest of the properties in the market. Learn what amenities will help get your property rented quickly.

1. Location

Location always was and always will be the most important feature of a property. If you are in the right location, you can command higher prices for your rentals without having to do much else. Renovations and square footage become secondary concerns. People are much more willing to compromise on other amenities if they are in a location that is desirable to them in some way. Think of any area close to a large city. People are willing to pay much higher prices to be in the heart of it all-close to transportation, shopping, food and entertainment.

2. Improvements and Upgrades

Tenants love anything that looks or feels new. Every tenant knows that the essence of a rental means someone lived in the space before them, but they don't want to see or feel that. Think about when you buy something new, it doesn't matter what it is, it could be a television set or a new pair of sneakers, part of the fun is that it's yours, it's clean and no one has had it before you. Tenants want to feel special in this way about their apartments and this is why renovations are so effective at getting units rented quickly. Renovated and upgraded kitchens and bathrooms hold particular appeal.

3. Open Floor Plan

Renters love an open floor plan. An open floor plan can help a smaller space appear larger. Many feel a kitchen that is open to the living space allows for better entertaining.

 
 

4. Stainless Steel Appliances

Prospective tenants love the look of stainless steel appliances. If you can't afford stainless steel appliances, stainless look appliances are also sold, which are cheaper. The next important factor, regardless of the finish on your appliances, is to make sure your appliances match. A green stove, almond refrigerator and white dishwasher will not be the most attractive. In addition, do not underestimate the draw of a dishwasher. It provides a touch of luxury for some and is a necessity for others.

5. Parking

For renters with cars, parking is incredibly important in a rental. Off-street parking is even more desirable. Being able to provide the tenant a spot in the driveway or in a garage will help get the unit rented quickly.

6. In Suite Laundry

No one wants to have to drag their dirty clothes all the way to the Laundromat. A washer/dryer in the apartment is a huge plus, especially for apartments that are walk ups (not on the first floor). If you are not able to provide in unit washer/dryers, then providing a washer/dryer in the property for the tenant's use is the next best option. Even if the tenant has to walk down to the basement to use it, it is still better than having to lug a laundry bag four blocks or getting in the car to go to the Laundromat.

7. Closet Space/ Storage Space

Everyone has belongings they need to put in the closet, whether it be clothes or a vacuum or holiday decorations. If your unit does not have adequate storage space, see if there is enough space to add another closet. If there is not, do you have a basement, garage or storage shed where you can allow the tenant to store their belongings?

8. Large Windows/Natural Light

No one wants to live in a cave. Why do you think realtors open all the windows and blinds when showing a property? It is to let in as much natural light as possible. Natural light will make the property look warmer and more inviting. Sunshine also helps to improve a person's mood.

9. Outdoor Space- Balcony or Yard Access

If a tenant has a place to bbq or to sit out and read the newspaper, this is a bonus. Even if it is not a private backyard or balcony, having some type of outdoor space can help rent out a property or can allow you to charge higher rent, especially in an urban area.

10. Cooperative Landlord

Finally, all tenants want a cooperative landlord. While it may be difficult to connect with a prospective tenant on a personal basis upon initially meeting them, you can let them know you are cooperative and genuine by encouraging them to reach out to you anytime.