In order to get more interest from potential tenants and also be able to charge top dollar, you need to put more into your rental home. Up-front expenses can pay off in the long run if done properly. Tenants will notice the effort and money you’ve put into the home, letting them know that you’re a landlord who’s truly interested in making it a wonderful place for them to live.
There are a few simple upgrades you can make to the home to ensure your tenants get the most out of their new home. Not only will some of these top notch features save them money month to month, but they can help your resale value if you ever want to sell your rental home.
In Arizona, solar power is a big deal. With all kinds of rebates offered, it can be relatively inexpensive to outfit your home with solar panels. Lots of tenants are attracted to homes that have gone ‘green’ and this is a great way to do it!
You can also use solar power in other ways also. Solar powered outdoor lighting and solar powered water heaters are effective ways to use the sun to your tenants’ advantage!
ENERGY STAR Appliances
This is another way that you can help your tenants lower their monthly expenses. These appliances will use less electricity, but don’t sacrifice on their performance. But energy efficiency doesn’t just stop there.
Invest in energy efficient light bulbs that won’t have to be replaced as often and will also lessen the cost of electricity. Making sure your windows are properly sealed can lower heating and cooling costs. Did you know there are ENERGY STAR certified windows as well? Visit their website to learn more about making your home energy efficient, lowering your carbon footprint and there are tax incentives as well.
Giving your future tenants a functional yard can be a huge attraction. Whether it’s desert landscaping that’s easy to maintain or beautiful bermuda grass with trees and shrubs, a well put-together front and/or back yard could make or break your prospective renters’ decision.
It’s also important to consider the maintenance of the yard when designing the landscaping. Beautiful, green grass might be beautiful, but if your tenants don’t want to pay the extra amount of the water bill, they might decide not to water it. If you plant citrus trees, you need to make sure they’re aware of how to care for them. When you sign a lease with a new tenant, go over expectations for the care of the landscaping.
Put your best foot forward by utilizing some of these ideas in your rental home. We can help you find the right people to do the job and make sure your property is on a competitive edge with other rental homes in the East Valley. Call 480-719-1243 to learn more about our property management services.