Landlords, here’s how to seal the deal with your outside space
Rental agents in at least two major metros are reporting declining demand, with properties remaining vacant for longer and quality tenants having their pick of the most sought-after apartments in their price range.
This begs the question: What can you, as the landlord, do for that edge in the market?
It goes without saying that your property’s interior should be relatively modern and beautifully maintained and that, if the property has a garden, this too should be manicured and maintained. But what about balconies or patios?
All too often these areas of rental homes are neglected, never having a “personality” as a room and thus not inspiring any of your future tenants to really do much with the space.
Decide on a function
You can create a beautiful space that will assist with attracting quality tenants, but first you need to decide what use you’re aiming for? Do you want to create a space that will help prospective tenants envision fun get-togethers with family and friends, and delicious al-fresco dining, or perhaps a secret retreat for the busy professional after a hectic week in the city? Once you’ve decided on the feel you want to create for this outside space there are a couple of small investments you can implement to help your prospective tenants get this same feel from the space when they view the property.
If you want to inspire a feeling of entertainer’s gem, consider investing in concrete or wooden permanent L-shaped benches if you have the space. When cleverly designed these can even double-up as storage.
Top tip: It may seem ridiculous but a patio should ideally have some type of cover or awning on, and we’ve seen plenty without. In sunny South Africa your tenants and their guests will not be able to use the space for very long without. This is an obvious investment choice then.
Even tiny apartment balconies can be updated to get prospective tenants excited about having friends over for a braai. Simply hang up some hooks and braai tools to show that the area is kitted out for a small braai get-together.
If you want to create a relaxing hide-away, a great place to start is to up privacy levels by using natural coverage. Obviously this will depend on your property’s unique layout but you should be able to plant some creepers or even potted hedges to create a feeling of isolation for your tired tenant wanting to recharge in their piece of nature-in-the-city.
While we’re on the subject – nature…
If your budget and space is small you can still do plenty to create an attractive space. For no more than R2,000 you can invest in some quality pots (pick options that fit the look and feel of the property) and suitable plants, and create the start of a beautiful balcony garden.
An inviting and inspiring outdoor space can help your apartment stand out from the competition and attract quality tenants. Invest the money and time to ensure the wellbeing of your property investment.