Everybody knows that your Mobile rental property’s backyard is an essential aspect that affects its overall appeal. However, there is a massive difference between creating your dream backyard and building an appealing and functional backyard. One will help you maximize your rental rates and increase your property’s value, whereas the other probably won’t do either. As opposed to installing the yard of your dreams in a rental property, the more practical way to approach this is to create an attractive, low-maintenance yard that is appealing to tenants and is also easy for them to maintain.
One of the biggest mistakes you can make as a rental property owner is to overdo it on the landscaping. Industry experts recommend allocating no more than 10 percent of the property’s value in landscaping. Although, not unless there is a clear benefit to doing so, you probably don’t even have to go that high. A home with an extensively landscaped yard will not bring in as much extra rent as you might think. In reality, overdoing it on the landscaping can actually turn potential tenants away due to all the extra maintenance that will be required.
To keep your property attractive and profitable, aim for backyard upgrades that offer the highest returns for the cost. To achieve an attractive backyard isn’t really an upgrade that is needed; instead, keep your focus on improving the quality of what’s already there. A green, neatly trimmed lawn and well-cared for greenery will add instant appeal and help boost the value of your property. If your property’s lawn is looking a bit sparse or bare, reseeding or adding some sod is one of the fastest ways to get your property’s backyard living up to expectations.
Further relatively affordable backyard upgrades include outdoor lighting and outdoor gathering spaces. Instead of creating lavish planter beds filled with flowers, upgrade your rental’s yard with features that could be used by your tenant for gatherings or evening activities. Adding a simple patio (or deck) may sound like a luxury upgrade, but you may generate more appeal by offering a rental home with a ready-made space for gathering with family and friends. What is more, research has revealed that in contrast with other backyard features, a patio or deck does increase property values, making it one expense to consider for your rental property seriously.
Outdoor lighting is one of the most budget-friendly backyard upgrades you can add that has benefits past simple appearance. Renters will appreciate the added security and practicality of backyard lightings such as motion-sensing or energy-efficient lighting fixtures. Outdoor lighting will also complement any outdoor gathering spaces your rental property has, adding to the home’s curb appeal after dark.
In the end, no matter which improvements you select to make to your Mobile rental property’s backyard, distinguishing which ones will yield the highest return for your money is an important part of managing a successful rental house. By focusing on quality features with a low-maintenance design, you can entice the type of renters you want while still growing your property values.
At Real Property Management Azalea City, we can help you plan a backyard for your rental property that tenants will love and, at the same time, one that is expected to get the maximum value for every dollar spent. We know which backyard improvements correspond to solid rent increases, and can guide your property preparations to guarantee you’ve created a backyard with your tenants in mind. Contact us or call us at 251-345-6224 for more information.
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