Do you want your rental property in Sacramento to stay competitive in the market? Providing sought-after amenities will help you stand out from the competition!

The rental industry can be quite competitive, so it makes sense that property owners provide additional amenities to make their units stand out. Depending on the type of tenants you're trying to rent out your property to, certain amenities will be more desired than others.

Generally speaking, certain amenities are popular amongst most renters. At Peak Residential, we believe this list of 8 of the top amenities are exactly what your prospects are looking for!

Location

Tenants want to stay in a unit that is near convenient and essential locations. For instance, being within walking distance of grocery stores, pharmacies, and convenience stores is a priority for many.

If your target demographic is long term tenants, families or those looking to establish roots in the areas, then you might also want your property to be near schools and parks. You can also look for properties that are within walking distance of public transportation hubs, restaurants, and other entrainment options.

So, if you’re in the process of buying a new investment property, pay attention to its location and proximity to community spaces and amenities.

Secure Parking Area

If a tenant has a car, they want to know that there is a dedicated space for them to leave at the end of the day. They also want to know that this parking area will protect their car from damages and theft as much as possible.

Parking areas becoming even more desirable in densely populated areas. Someone's personal vehicle is likely one of their most expensive and vital belongings. If they can find an apartment with dedicated, and secure parking spaces, this will greatly increase the chances of them putting in an application.

What’s more, you may be able to charge your tenants a parking fee, which means you’ll have another means of adding to your rental income without increasing rent prices.

Additional Storage Spaces

Tenants appreciate it when there is ample storage space for all their belongings. This renovation will allow them to keep their rental tidy and organized during their tenancy. Types of storage to consider adding to rental include:

• Walk-in closets
• Additional shelving and hooks in bathroom
• Pantry and cabinet space in the kitchen
• Closets in or near the entryway

Look for spaces in your property that could be converted into extra storage space. When you provide more storage space, you’re more likely to attract tenants and see existing ones renew their leases.

Soundproof Units

People value both their sleep and their privacy. Both can be jeopardized when a rental has thin walls. Noise from a busy street can be a significant deterrent for many tenants. So, it’s best to offer soundproof walls to ensure that they have a more comfortable stay in their units.

Depending on your budget there are several options available to you if you’re looking to soundproof the walls.

Security

When tenants know that their safety is taken seriously, they’re more likely to want to rent the property. If you can offer outdoor, motion sensor lights or a security system this could help renters feel more secure.

If you’ve recently performed property upgrades to ensure tenants’ safety, make this clear in your rental advertisements. This shows that you value and prioritize your tenant's safety and well-being.

Updated Kitchens

People tend to spend a lot of time in the kitchen. So, it makes sense that tenants want one that is up-to-date, functional, and appealing. Take a look at your appliances, countertops, and storage and see if there are improvements to be made. Make sure these improvements can be easily maintained.

Tenants value having sleek, energy-efficient appliances and durable countertops. They also like having enough space to store everything. Ask yourself if there’s a better layout that will make it easier for tenants to get around the kitchen when making and cleaning up after meals.

Providing an updated and efficient kitchen will be a major selling point that will help set your rental apart from the rest of the competition.

Outdoor Areas

Do you have a large yard either in the front or back of the house?

Is there space for a deck or garden?

Having extra outdoor space is great because it can create new areas for people to enjoy their rental.

If you have a nice backyard, it means renters can host people both inside and out, extending their living space. For tenants with a green thumb, they’ll also be able to make use of the yard to plant a lovely garden. Tenants with young children can also set up outdoor play areas for their kids.

Having outdoor private outdoor spaces is very valuable to tenants. If you have the space available, make sure to highlight that when marketing the property. Just make sure to only use low-maintenance plants as adding to a tenants maintenance schedule may reduce interest.

Central Heating and Air Conditioning  

Having access to centralized heating and cooling systems will attract many prospects. These systems help to ensure that tenants are comfortable all year round in their rentals. These systems not only allow tenants to adjust the temperature to suit their needs. But also provide them with cleaner air circulating through the rental.

Bottom Line

To help your rental stand out from the competition, consider adding some of these sought-after amenities. Remember to think about your target tenant demographic so that you can invest in amenities that they actively look for.

If you would like help managing your rental units, contact the property management experts at Peak Residential today. Our team of property managers can help you market your rentals, screen tenants, collect rent, address maintenance issues and so much more. Reach out to us today to learn more about our services!