Residents
Owners
It is no secret that adding amenities to a rental property can give you lots of advantages as a rental owner. It can increase renewal rates, attract new renters, and boost your property’s market value. Today, rental market competition is tough, and you must find ways to make your property the first option for prospective tenants.
Adding indoor amenities is good, but taking it to the next level by including outdoor amenities is better. Nowadays, tenants look for “extras” in a rental home. They want something more than just a house where they can sleep.
So, it is wise for you as a rental property owner to meet today’s tenant expectations. Read these most sought-after outdoor amenities by tenants.
Community Garden
Many folks love to grow and tend plants because they want a sustainable lifestyle, and gardening is an activity that improves mental well-being. If your rental home has multiple tenants, having a community garden allows them a place to bond and socialize.
Of course, this suggestion is perfect for those who have extra space for a garden. Buildings with rooftop space can also be converted into a garden area. Be creative!
BBQ and Outdoor Dining Area
A great approach to promote bonding among residents is having an outdoor dining area. You can have a counter, a mini ref, a barbeque grill, lights, tables, and chairs where your tenants can prepare and eat food together. It is always a plus point for tenants to have a social area where they are staying.
Fitness Station
Tenants can save money on gym memberships if their rental property has a fitness station. Have yoga mats, dumbbells, balance beams, and pull-up bars in your fitness station. Investing in this amenity can improve tenant retention and attract new renters to your rental property.
This addition to your rental home is also an advantage because many people are now interested in getting fit and healthy. Working out and doing yoga also relieves stress and improves mental health.
Reading Nook
Your tenants who are bookworms will definitely love to have a space for them to read their favorite books. Design your outdoor space with a reading nook or a mini library with chairs and tables. If you are also an avid reader, you can lend books to your tenants. Or, you can work with a local library to add to the book collection in your rental home.
Outdoor Water Features
Water activities like swimming are a great way for people to enjoy their free time. Your tenants will surely want to stay for a long time in your rental home if there is a water feature, such as a swimming pool, fountain, or splash pad.
Such amenities are especially popular with residents who have kids because it creates space for enjoyment and relaxation. Consider adding lounge chairs or cabanas to make your pool area look luxurious. Having this kind of perk may also warrant you to increase your rent price, which is reasonable for your tenants.
Outdoor Movie Area
Your renters will find it cool to have an outdoor movie area where they can have social interaction while watching a great film. With the rise of streaming services like Netflix, accessing their favorite movies is now at their fingertips. But, of course, good films need to be shared with others. Thus, an outdoor movie area is an excellent addition to your rental home.
Make this space as cozy as possible. Have mini sofas, chairs, bean bags, and pillows in your movie area. You can also offer refreshments to the cinephiles.
Bike Storage
Many people are using bikes for physical fitness or as a means of transportation when going to work. Tenants who love cycling will approve if you add bike storage on your rental property. You can also offer a bike rental to your renters if they do not own bicycles.
Car Charging Station
It is an excellent idea to include electric vehicle charging stations as an outdoor amenity if your tenants own electric cars. Even though it could be costly, it is still a great way to improve tenant retention, attract new renters, or increase rent prices. Moreover, if you install them, you might be qualified to get tax benefits.
Playground
Kids need some physical exercise and time to play, especially since many children today are used to living a sedentary lifestyle playing video games. Thus, it is an excellent idea to have a playground in your rental home for your tenants who have kids.
Endnote
There are many several advantages to adding outdoor amenities to your rental property. If you want to attract new tenants, retain your current ones, increase your rent price, or boost property value, outdoor amenities are a smart idea. The outdoor amenities we discussed in this article are popular with tenants nowadays.
