Sometimes overlooked is the fact that apartments may have all that’s needed with a little work. So, optimizing amenities in your multi-family dwelling will improve on what it is already existing. Most prospective tenants have an idea of what they’re looking for when checking out places to call home too so catering to these desires is what rents. So below are some thoughts about what people are looking for:
- Walk-in closet
People want a place to store their stuff and hang up clothes. So, if you have several small closets in your rental property, consider enlarging them into walk-ins. You may have to take some space from a hall or bedroom, but the result will be worth it. - Soundproofing the walls
If you’re already remodeling your building, consider using soundproofing material. Privacy is important to people, and they don’t want everything they say or do to be overheard by the next-door neighbor. - A balcony or patio
Everyone enjoys a breath of fresh air and some extra room for entertaining. If you already have patio’s or balconies on your property then, you can do a little upgrading here. Consider adding shrubbery and trees for a natural screen between areas. Or add some seating for entertaining. If you don’t have patio’s or balconies, perhaps you can put in a shared space. This space could have benches and a water feature for your tenants’ enjoyment. - Parking
Parking is essential because no one likes to come home from a long day at work and fight for a parking space. If you have a parking area, designate that it’s for your tenants. Place the apartment numbers above the parking spaces and post notices about being towed if cars parked aren’t from your building. - Laundry facilities
No one likes to drag their clothes to the car, load them in and then drive to a laundromat. Having on site laundry facilities is convenient for tenants, and you can collect the money from their use for maintenance.
So, by using what amenities that you have and maximizing their use, you can attract the right sort of tenant.