Sometimes, when tenants are viewing different properties to rent in Minneapolis, they find that rental units look similar to each other. They’re in the same location, offer similar safety features, and even have similar layouts for each other.
So how does a renter choose their property? They look at the property’s amenities. But what amenities are renters naturally drawn to?
Generally, great renters have slightly different goals when it comes to their amenities, some need parking, others value security or a modern kitchen. So, when you are deciding on the amenities to add make sure to consider the demographic you are targeting.
At MN Property Nerds we have built this list of leading amenities that renters desire:
Smart Home technology is extremely popular in modern homes and there are many different benefits for the residents who have access to smart home technology.
Everyone appreciates a seamless connection of devices from lighting to speakers, and televisions. It saves time and it allows users to remotely manage their homes and security systems. The renter can also customize any smart home features according to their preferences. This gives them plenty of flexibility and a connection to the property, as they can adjust the settings to suit their needs.
Generally, renters are happy when there are shops and other amenities within walking distance of the rental unit. Prospective tenants in Minneapolis are love rentals where grocery shops schools, parks, and business centers are nearby.
If you’re planning to renovate your Minneapolis rental home, you should consider adding more storage spaces as renters value these extra spaces. Think about installing a pantry space, walk-in closet, kitchen cabinets, and bathroom shelves.
Most people looking to rent check-out storage spaces, so they don’t have to purchase additional storage cabinets and containers.
When you create more spaces in your rental home, it doesn’t even have to be costly. You can try transforming the available space under the stairs into a storage compartment or placing more shelves on the walls. Being creative helps you convert extra nooks into a valued storage spot.
If most of your target renters have their own personal vehicles, they’d naturally want to pick a rental home with a parking space, and those who use their cars daily to travel to work will want to have access to a secured parking area.
If you want your tenants in Minneapolis to feel more comfortable, and stay for the long term, offer them safety. Designate a parking slot for them. Having extra security is a valuable safety measure against car theft. It also eliminates the stress of searching for a parking space and remembering where it is every day.
Having a nice kitchen can attract plenty of renters to your Minneapolis rental home. So, it’s a great idea to study the elements inside your kitchen and improve them, as necessary. Details matter, so make sure to have energy-efficient appliances. Have pantry spaces to store food packages. Keep track of the life expectancy of your appliances and update constantly to minimize wear and tear.
Safety is always a priority for people looking to rent in your Minneapolis rental property. As a landlord, you can deliver on this need and increase the chances of having long-term tenants in your unit by providing a modern security system to the property.
Set up safety home features such as smart locks, surveillance cameras, alarm systems, and motion sensor lighting. The latter will deter burglars who normally break into homes at night.
Creating an inviting outdoor space can delight a prospect. With an outdoor space, they can organize parties and transform the space into a garden area or picnic spot. Kids can also play outside safely. At night, tenants can have a relaxing area to enjoy the cool night air or cook outdoors. Attaching colorful lights outside can also create a warm atmosphere.
Renters like having a central air conditioner and heater. It can evenly distribute the cold during humid days and heat the room efficiently during colder seasons. Offering both systems to your tenants in your Minneapolis rental unit ensures that they’ll experience comfort. The air quality is also higher when you have a central system, turning your rental property into a more habitable space.
Offering prospects some modern amenities can generate a significant amount of interest and separate you from the local competition. So, at MN Property Nerds, we really advise you to consider updating your amenities to further grow your investment.
If you are looking for a dedicated rental property manager for your Minneapolis rental home or have any questions regarding the real estate industry, check out MN Property Nerds at (612) 315 6118 today!