Every day your rental property sits empty are profits lost. But how can you make that house, apartment or condo irresistible to potential renters? Here are a few things you can do beyond the norm to make your property stand out against others on the block. Simple things like repainting, updating fixtures and adding some curb appeal can make a big difference.
Let In the Light
Plenty of natural light can be a real draw – especially in a smaller space. Whether you are trying to make a cozy condo look more spacious, or trying to enhance the view of lakeside home, adding more (and bigger) windows can be a smart investment.
Light streaming into a room offers a lot of benefits. From making the room look brighter and more airy, to bringing out unique architectural details in a room, opening the space with more light can make it more appealing.
Increase Storage Space
The average American household contains about 300,000 items. Now that’s a lot of stuff we need to find room for – and so do your potential tenants. Take a good hard look at your rental and determine if there is enough storage space. If not, look at some unique ways of adding it.
No matter how big or small the rental, there are innovative ways to add storage for your tenants. Here are a few ideas:
- Utilize unused space: no matter how cramped you think that apartment or condo is, the odds are good there is some hidden storage potential – the key is recognizing it. For instance, if the unit is two-story, then open up the area under the stairs to add a small closet; open shelving; or even space to add a desk or sitting nook. Have a knee wall in an upstairs bedroom? Great! You can install plenty of drawers in that lost space, offering plenty of room for clothing without taking up an inch of floor space in the room itself.
- Use those walls: when renters preview a potential listing, they tend to concentrate on the floor space available. Few consider the ways they can use the walls or high ceilings when it comes to storage. As the owner, you have the opportunity to add shelving, cubbies and more to the walls, thereby increasing storage space dramatically. For instance, in the kitchen add hanging pot hooks to keep pots and pans out of cupboards and plenty of hooks and hangers inside of doors for smaller items. Utilizing high ceilings with pull down storage options can also offer tenants more room for their stuff.
- Parking: no one wants to be forced to look for a parking space every time they drive up to their home. Offering designated parking (whether in a garage or on the street) can make your rental much more desirable – especially in neighborhoods where space is limited. Look for ways to carve out a spot or two beside the property or even in the back of the house.
Making your rental property stand out doesn’t have to be difficult. However, it does take a bit of know-how. To find out more ways to make your rental more appealing, contact the experts at AZ Residential Management for a free consultation.