If you’re thinking of how to attract tenants in Kansas City to your rental property focus on the amenities you’re offering. Most of the time, rentals can be similar in terms of neighborhood and property type. You can differentiate yourself by providing amenities that the renters you’re targeting will appreciate.
One group of renters may enjoy having a parking space while another group way values additional storage space. Study the needs of your renters and make sure to have the amenities that would fit their lifestyle.
If you’re lacking these main amenities, you can invest in renovations. In the end, your income grows since you’re providing more than your competitors and tenants will look to stay longer or renew their leases.
Here are some of the top amenities that renters are looking for:
Soundproof Walls
People like having their privacy. Every renter is also granted this as a right. If your Kansas City rental is situated near the street, it can be hard to block the noise coming from outside. If this is the case, installing soundproof walls or additional insolation will be appreciated by your renters.
When renters have access to quiet enjoyment in your rental unit, they’re able to spend their downtime in peace. They can also sleep well at night. This is a great amenity to highlight when advertising your rental home.
Storage Space
Having a place for everything helps minimize clutter. When you rent out your Kansas City home or investment property, we recommend designing it with several designated storage areas that will bring satisfaction to renters. Examine your property and ask yourself the following:
- Do you need to build a walk-in closet or add additional closet spaces?
- Can you add bathroom shelves or cabinets?
- How about increasing your pantry space? More often than not, kitchens require plenty of storage space to stock on food.
Scout around the unit and find convertible spaces. Some areas may be under-utilized such as the space under the stairs. You might also consider breaking down some walls to create recessed shelving. Putting up organizers behind doors of a bedroom or bathroom can be bonus storage spaces.
Walkability
To draw renters to your Kansas City rental home, you can also highlight its walkability. Being able to walk everywhere including to school, parks, convenience stores, and cafes is a major selling point. There’s reduced time to commute and no transportation fees to shoulder.
Rental spaces in a highly walkable area will be suitable for those that enjoy a healthy and convenient lifestyle. It’s even better if your rental is close to a business district since professionals will want to walk to work.
Smart Home Features
Another top amenity that renters desire is homes linked to smart home technology. Devices are connected seamlessly and the tenants can control the settings remotely.
Tenants in your Kansas City rental home will also benefit from the savings in utility bills. Being able to control the thermostat and the heating and cooling systems is a major factor. What’s more, customizing is possible. They can adjust settings according to their comfort.
Parking Area
If your renters have cars for commuting to work, they’d naturally need a safe parking area. Simply leaving their cars on the side streets can present risks. They can be exposed to a car theft and when the weather is bad, it can also damage the vehicle. The tenants in your Kansas City rental home will need a secure parking area.
Trying to find a safe parking space day after day can also be a time-consuming task for renters. It’s much simpler to have a designated parking spot. What’s more, landlords can increase their income by charging for parking. Car owners willingly pay the parking fees to keep their vehicles secure from thieves and other risks.
Outdoor Space
Outdoor spaces in your Kansas City rental home are invaluable to tenants. When considering home improvements, decide to add patios and balconies. Extra outdoor space can be converted into entertainment and recreation space. If your tenants want to host a small party, you can maximize the outside lot.
Families who have small kids can also set up fun play areas such as trampolines and swings. If your tenant loves entertaining friends, you can also arrange tables and benches outside. For gardening enthusiasts, a dedicated space to plan flowers or herbs could also pique their interest.
Building Amenities
Owning a multi-family property or apartment complex in Kansas City entails offering building amenities. You can designate common spaces as lounge areas and convert a huge room into a fitness center. The more amenities you can provide, the more tenants will want to stay longer.
Communal spaces with great amenities also let the renters save on membership fees to clubs and can inspire closer ties with other tenants living on your property. If your tenants feel connected to one another and the space they’re more likely to renew their leases.
Kitchen Upgrades
Kitchens are areas where you can present more attractive amenities in your Kansas City rental home. Check out your kitchen appliances and ask yourself “does it look coordinated?”. Steel finishes are usually preferred as they give off an elegant appearance.
Invest in energy-efficient appliances that can reduce utility bills. Furthermore, choose to buy high-quality kitchen appliances models as this can save you on repair costs and also prevent quick wear and tear.
Bottom Line
Amenities can make you stand out from your competition. You just need to decide which one your set of renters need. The amenities that provide the most value should be the ones found in your Kansas City rental home.
Are you searching for a full-service property management company? Contact the experts at Young Management today!