Amenities have become everyday essentials for the majority of tenants. Not only do they add to the convenience of one’s lifestyle, they also increase the life of the property and the tenant retention rate. The common list of amenities that tenants look for is not extensive, but can increase the value of your house in the eyes of the tenant. If you have the budget to add them, we recommend you should.
To help you out, here we have listed a few amenities that tenants look for in a Temple City property.
Upgraded Appliances in Your Temple City Rental
A home without appliances is hardly considered habitable in today’s world. Typically, tenants expect at least basic appliances like a refrigerator, washing machine, dryers, cooktop/range, vacuum cleaner, dishwasher, garbage disposal, water heaters, and air-conditioners. If you want to attract more renters to your unit, you can consider upgrading these or installing new ones.
Ample Storage Space
Ample storage space in rental homes can be the deciding factor for many tenants in Temple City. It is a good idea to offer walk-in closets, storage units like shelves, drawers underneath the beds, plenty of cabinets in the kitchen and the bathroom. Providing them with enough space to accommodate their belongings will make them feel more settled, and at home. If these spaces are not a part of your existing structure, you can think of adding them to up the value of your rental.
Adequate Parking Facilities for Renters
Ample parking is a privilege in Temple City and tenants like properties with adequate parking facilities. They prefer a safe parking space to park their vehicles, rather than parking them by the roadside.
Security Systems in Your Temple City Rental
Tenants prefer a space that lets them enjoy that sense of security, with high-security standards such as upgraded surveillance systems. Some of the amenities that tenants appreciate are CCTV cameras at the entrance, security alarms, video door phones, fire extinguishers, and smoke detectors for better protection against accidents. A solid security system in your rental can add to the value of your rental and make the residents feel secure.
In-house Laundry Facilities in Multi-Family Temple City Rentals
Tenants, especially those considering multifamily units, often look for an in-house laundry facility as having a washer-dryer in the apartment saves them from making frequent trips to the drycleaners. If you can either provide a washer-dryer facility within the building, or offer an on-site laundry service in your multifamily property for the renters’ use, it can increase the value of your Temple City Rental.
Adding all of these amenities to your property can gradually boost the tenant retention rate and hence, the ROI of your rental. However, simply having these amenities is not enough. You need to ensure that they are properly maintained and regularly serviced to keep them in functional conditions for years. Working with an experienced property management company like ZenPro Property Management can be beneficial here.
We manage single-family units in the Temple City, Arcadia, and San Gabriel areas, providing end-to-end property management services. Our 10+ years of experience and highly talented team of property managers make us an ideal partner in your journey towards high-performing real estate investment.
For more information, contact us at ZenPro Property Management.