If you’re looking for an investment property, there are a few features you’ll definitely want to prioritize. Here are four features that are certainly essential for any investment property and will ensure you always have tenants.
1) Intercom
The first feature you’ll want to invest in is an apartment intercom system. This is essential for any investment property, especially if it’s in a busy area or near public transportation. With an intercom system, tenants can easily buzz in guests and delivery people without having to leave their unit. It also adds an extra layer of security to the property. Investing in an intercom system will undoubtedly pay off in the long run and make your investment property more attractive to potential tenants.
Also, if you have an intercom system, you can easily screen tenants before they even step foot on the property. This is a great way to weed out any potential problem tenants and make sure only responsible and respectful people are living in your investment property.
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2) On-site Laundry
Another essential feature for any investment property is on-site laundry. This is a major selling point for tenants, especially if they don’t have their own washer and dryer in their unit. On-site laundry facilities are also convenient for tenants because they don’t have to go off the property to do their laundry. Therefore, investing in the on-site laundry will make your investment property more appealing to potential tenants and increase its value.
3) Kitchen remodel
Investing in a kitchen remodel is also a great way to make your investment property more attractive to potential tenants. A well-designed and updated kitchen will definitely increase the value of your investment property and make it stand out from other properties on the market. Even if you don’t have a lot of money to spend on a complete kitchen renovation, there are still some simple and affordable ways to update the space, like painting the cabinets or installing new hardware. Kitchen remodels are also an excellent opportunity to add energy-efficient appliances, which will save you money on utilities in the long run.
4) Outdoor space
Another great way to make your investment property more appealing to potential tenants is by investing in some outdoor space. This could be a simple patio or deck area where tenants can relax and entertain guests. Outdoor space is also great for pet-friendly properties because it gives tenants a place to take their pets outside. Investing in outdoor space will definitely increase the value of your investment property and make it more attractive to potential tenants.
These are just a few essential features you’ll want to invest in for your investment property. By investing in these features, you’ll be able to attract more potential tenants and increase the value of your property. So if you’re looking for an investment property, be sure to keep these features in mind!
