Your Chamblee rental property’s backyard plays an important role in determining its overall charm. Nevertheless, there’s a notable difference between creating your dream backyard and building a functional, attractive one. The second option will let you maximize your rental rates and increase your property’s value, whereas the former option may not achieve either of these objectives.
As opposed to allocating funds to an extravagant backyard for a rental property, it is more prudent to create an appealing, low-maintenance yard for which tenants will be thankful and find simple to upkeep.
How much landscaping is too much?
One of the biggest mistakes you can make as a rental property owner is overstating the landscaping. Experts in the industry advise spending at most 10 percent of the property’s value in landscaping. However, except if there is a tangible benefit to doing so, there is no necessity to reach that much. A residence with an extensively landscaped yard will not gain as much extra rent as you might think. In actual fact, overdoing it on the landscaping can frighten prospective tenants due to all the additional upkeep required on their part.
Seek backyard upgrades that offer the highest returns for the cost to keep your property attractive and profitable. The first step to a beautiful backyard does not involve any form of improvement. Otherwise, concentrate on improving the quality of what’s currently there. A green, neatly trimmed lawn and well-cared-for greenery will quickly enhance the desirability and boost the value of your property. If your property’s lawn is looking a bit sparse or bare, the quickest way to get your property’s backyard desired appearance is to either reseed or incorporate sod.
Improve the property’s backyard affordably
Additional relatively affordable backyard upgrades include exterior lighting and outdoor areas for meetings. Instead of building costly planter beds filled with flowers, consider upgrading your property’s yard with amenities that could be utilized by your tenant for conventions or evening pastimes. These changes are not only cost-effective but also add significant value to your property.
Adding a simple patio (or deck) may appear lavish upgrade, but you may attract more attention by offering a rental home with a ready-made space to get-together with your loved ones. Additionally, studies have proven that, unlike other backyard features, a patio or deck increases property values, making it an expense to consider for your rental property.
Outdoor lighting is one of the most budget-friendly backyard upgrades you can make, and it provides benefits beyond simple appearance. Renters will be thankful for the enhanced security and usefulness of backyard lighting, such as motion-sensing or energy-efficient lighting fixtures. Furthermore, outdoor lighting will boost the home’s curb appeal during nighttime hours and complement any outdoor gathering spaces for your rental property.
Irrespective of the improvements you choose for your Chamblee rental property’s backyard, determining which ones give the best return on your investment is an important aspect of successful property management. By giving priority to superior features with a low-maintenance design, you can attract the type of renters you want while still raising your property values. As a property owner, you possess the authority to shape a backyard that tenants will like and that will enhance your property’s appeal.
At Real Property Management Greenway, we help in planning a backyard design to make the most of the return on investment. We have expertise in identifying the particular backyard improvements that bring about higher rental rates. We can help you in preparing your property in Chamblee to create an attractive backyard that will appeal to potential tenants. To acquire additional information, please contact us online or call us at 770-771-6102.
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