A crucial question that all property owners face is which appliances to include in their rental homes. While this decision can vary depending on specific circumstances, it’s clear that providing the right appliances can significantly enhance the appeal of your property. Tenants are increasingly looking for rentals equipped with essential appliances, and in many markets, these items are expected. By including certain appliances, you can ensure your rental remains competitive and justify your rental rate now and in the future. So, which appliances should you focus on? Let’s explore the recommendations!
How Appliances Can Boost Tenant Appeal and Rental Value
While every rental market is different, tenants are more compelled to rent a home that comes with at least a few appliances in certain parts. Very few tenants are willing to deal with the cost and inconvenience of buying and moving in large, heavy appliances. A rental home that includes these appliances will be much more appealing. Many rentals, especially among single-family rental properties, tenants do not like having to go to laundromats to do their laundry. Both are expensive and time-consuming. They are aspects that many tenants would pay a higher rent to avoid.
Of course, from a property owner’s point of view, there are setbacks to the cost of the appliances and repairs, and the probability of tenants damaging the machines through inappropriate use. However, you can keep your costs and the likelihood of appliance damage to a minimum by being selective about which appliances you provide.
Which Appliances Do Tenants Expect in a Rental?
Based on what tenants say, the pricey items they look for in a rental property include the refrigerator, dishwasher, stove, and microwave. A few single-family rental property owners opt to supply just the last three, leaving it up to the tenant to buy their own fridge. It’s not difficult to see why: refrigerators are one of the most expensive appliances, and they often need to be replaced. Providing some but not all appliances may work in some instances, but it may turn potential applicants away from your property due to other aspects.
This is also true for the washer and dryer. Due to constantly being used, these two appliances typically need more maintenance and repairs than all the others added together. Due to this, professionals suggest doing some research on your local market before selecting whether to include a washer and dryer in your rental home or not. If all of the rentals in your place have them, you may also need to have them. Otherwise, you may have a harder time renting your property and may even need to adjust your rental rate.
You may want to consider where to put appliances that renters do not want to use during their tenancy. Some may have their own appliances; in these instances, having a backup location to place appliances for the next renter should be done.
Are Landlords Legally Required to Provide Appliances?
Property owners and tenants often have one final question: Are landlords legally required to provide appliances? Generally, if you advertise your rental as “unfurnished,” the answer is no. In fact, few, if any, local municipalities mandate that landlords must supply appliances.
Therefore, this question is not a legal issue but rather one that can help you maximize your monthly cash flow. Being aware of your local market and what other landlords are offering in your area is crucial. However, it’s important to stay within your budget. If providing appliances would create significant financial strain, it may be best to wait until you are in a better financial position to do so.
For all these reasons, you are ultimately responsible for deciding which appliances to include in your rental property.
Would you like to know more about accurately assessing your local Chamblee rental market to set rental rates and make key decisions about your property? Real Property Management Greenway can help! Contact us online or call our office to speak with a property manager today.
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