Top Features Tenants Look For In A Rental Property

Whether you’re purchasing your first rental property or your 10th, you want to ensure the property attracts tenants. In addition to location and accessibility to highways and amenities, certain interior features will help steer tenants toward your Greater Austin area rental property.

Let’s dive into a few of the top features tenants look for in a rental property.

Open Floor Plan

One of the top features homeowners look for when purchasing a home is an open floor plan, and tenants are no different. Tenants want to be able to have a place to entertain, and it allows them to be more flexible with their furniture and decor. Many people are still working from home, so having an open space to add an office area is helpful.

Upgrades

When you hear upgrades, you probably think of dollar signs, right? If you have the funds to update everything, the more, the merrier! However, a few upgrades can go a long way. Cosmetic updates like new flooring and fresh paint are huge for tenants. If you want to take it a step further, tenants also look for bathroom and kitchen updates. If you have an older property, consider updating mechanical items like plumbing, HVAC systems, and wiring to save yourself some time and money down the road.

Included & Updated Appliances

Having appliances included in your rental property means less money your tenants will have to spend on them if they don’t already have them. Tenants will be impressed to see appliances included, especially if they are nicely updated. If you already have appliances and they are dated, consider updating them. In addition, having an on-site washer and dryer is becoming more common among rental properties. Being able to do your laundry at home instead of going to the local laundromat will save your tenants time and money.

Storage Space

Tenants always appreciate having extra space to store their items. Nothing is worse than putting things in the corner of your living room or bedroom. Not only does it look messy, but it takes up space that could be used for entertaining or additional decor or furniture. Make sure your rental property has a basement, attic, or lots of closets for storage.

Make sure to keep these features in mind when you purchase your next Greater Austin area rental property. It will go a long way for tenants! If you have any questions or need recommendations, reach out to us! We are always here to help.

Inspect HVAC System

The last thing you need as a landlord in the summer is your tenants complaining the air conditioner is broken on the hottest day of the year. Do yourself a favor and have your HVAC system inspected by checking the filters and cleaning out the coils. If you don’t consistently maintain your HVAC system, it can start to lose efficiency, making utility bills higher than usual.

Clean Out Dryer Vents

If you have a laundry room in-unit or in the building, having the dryer vents cleaned out is a good idea. If our tenants notice their clothes take a little longer to dry or are hotter to the touch when removed from the dryer, these are signs to have the dryer vents cleaned. This tends to be forgotten, but it doesn’t take long to do and can prevent dryer fires, saving you time and money down the road.

Tend To The Yard

Make sure your curb appeal looks its best by sprucing up the landscaping and taking care of the lawn. Take time to mow the lawn, remove overgrown weeds, and trim back bushes. In addition to lawn maintenance, you might want to have the sidewalks and patios power washed so they’re nice and clean for your tenants. This is important to do throughout the year, but more important now when tenants will be spending more time outside.

Handle Repairs

Minor repairs like chipping paint or broken handrails are important to handle now, so everything is fixed for new or existing tenants. If you have multiple properties, do a walkthrough to ensure nothing has gone unnoticed and everything is in working order for summer.

Once these summer maintenance tips are handled, you can enjoy your summer! If you have any questions or need recommendations on preparing your properties for summer, reach out to us! We are always here to help!

Tag: HVAC system