Ideas & Upgrades Your Tenants Want You to Add to Your Rental Property
I saw an article last week that was written as an open letter from a tenant to their landlord. It detailed a few of the things that tenants love to see in a rental, along with a few things they hate. I thought it was interesting, because normally I’m looking at things through the eyes of the investor, but this was unique look through a tenant’s lens.
In this business, it pays to keep your renters happy. If you’re getting ready to remodel a rental property, or can swing some of these ideas just for the heck of it, here are a few of the things tenants are looking for. Most of them are simple to do and won’t cost you a ton of money, so it’s definitely worth the consideration!
- Paint rooms white – Painting walls white gives your tenants a blank canvas to work with in creating their own space. Crisp, white walls also lend a bright, clean look to a room, and can even make the space appear larger. So ditch the beige….everyone’s sick of it anyway.
- Skip the linoleum – No one under the age of 80 actually likes linoleum. Yeah, it’s cheap and I suppose there’s an argument that not ALL linoleum is hideous, but if you can afford tile floors, do it. It looks better, lasts longer, and is easier to maintain over the life of the floor.
- Use dark grout – You can’t have tile without grout. If your unit has white or light-colored grout, it’s probably already looking dingy and discolored, unless it’s brand new. That’s the problem with light grout…it starts looking gross in no time because it’s nearly impossible to keep it pristine unless you’re scrubbing it weekly. And let’s be honest, no one is going to do that. Using a dark-colored grout eliminates this problem altogether, and tenants will thank you for it.
- Don’t cheap out on the fixtures – Most tenants aren’t looking for luxury fixtures in the bathroom and kitchen, but going for the clearance showerhead and faucet will not go unnoticed. Remember that these items are heavily used, so make sure you get something designed to stand up to it. Choosing something reasonably attractive is a plus, too.
- Don’t pick honey oak cabinets – Honey oak cabinets are to rental properties what leggings and pumpkin spice lattes are to female millennials. In other words, they’re completely basic. Don’t be afraid to choose an espresso finish, or even bright white paint (make sure it’s glossy for easy cleaning) for your cabinetry.
- Avoid “statement” stuff – You may think your feature wall and patterned backsplash are fun and trendy, but believe me when I say that not everyone in your tenant pool will. Save the jazzy stuff for your own place and stick with neutral stuff for your rental.
Sometimes, it’s the little things that will make a potential tenant say, “Yeah, I think I like this place.” So whether it’s the stain on the kitchen cabinets or the rainfall showerhead, it pays to think like a tenant so you can get your place rented and keep it that way.