If you’re interested in purchasing an investment property, you’re likely going to be looking for a home that meets different needs than your own home. We’ve compiled a list of the top amenities renters are looking for so you can get more interested potential renters for your rental home.
1. Location. Renters are more likely to compromise on other amenities they might want if the location is desirable enough to them.
2. Parking. Street parking is fine, but a garage is even better. Consider if your rental demographic will have one vehicle or is more likely to be a 2 (or more) car family. Someone living in a 1 room condo will probably have different parking needs than the family looking to rent a 4 bedroom home.
3. Dishwasher. No one likes to do the dishes by hand. And there are multiple studies that show that using a dishwasher is more energy-efficient than handwashing.
4. Renovations. The 1978 home that has an updated kitchen and bathrooms, fresh paint and flooring will probably command a higher monthly rent than the home next door that’s still rocking the faded yellow counters and burnt orange carpeting.
5. Outdoor Space. Whether this is a tasteful patio or a fully landscaped back yard, renters will likely be spending time outside. Make the area a selling feature by cleaning up and making sure there is space for seating and/or a grill.
6. Storage. If the home has substantial storage space by the way of closets, shelving in the garage or a storage shed, that’s a bonus for many renters.