This time of year, many property owners and managers are taking the time to reflect on what needs to be improved.
Understand your renter
Are your renters mostly growing families, professionals, or seniors? Some may want amenities that will enhance their safety while others may want amenities that offer an easier life.
The location of your property can prompt specific amenities. For instance, if your housing is in an area parking is scarce, then offering ample parking will be attractive to tenants.
Flexible areas for workspaces
Many renters have the ability to work from home, at least part of the time. They will look for an environment that facilitates their needs. Whether that is an office space within their living area or a separate area outside their apartment.
Outdoor spaces
Outdoor areas are a priority for many renters. This can take many functionalities and forms. Such as, playgrounds, swimming pool with cabanas, community gardens, and BBQ areas.
Smart Thermostats
One of the most requested tech things are smart thermostats. The ability to control the temperature in their unit from anywhere, ensuring it is cool or warm when they get home. Not only does it save on the utility bill, it adds to the desirability.
Energy efficient appliances
Energy efficient appliances look great and saves tenants money by reducing their energy costs. This also appeals to those wanting to reduce their carbon footprint.
Smart home upgrades
Smart homes are worth their weight in gold. Renters, 86% of Millennials, are willing to pay a higher rent for smart upgrades. This includes fast Wi-Fi to support computers, security cameras, surround sound, and gadgets.
Bathroom fixtures
Bathrooms have become a sanctuary, somewhere you can go to relax. Modern updates enhance the space, new fixtures, vanity, tile, and garden style bathtub, can go a long way in improving a renters happiness.
You want both the prospective and existing tenants to have that “wow” factor.
An updated leasing center is a great way to reduce vacancy rate and retain current tenants. A great place to start is by contacting SWET Construction Group.