How many times have you passed a home on a street and just gawked at how beautiful it was and thought “I want to live somewhere like that!”. Probably pretty often, but you should know that there are no places like that that exist on their own. It’s a product of a lot of very hard work, commitment, time and dedication.
Keeping the outdoor aesthetic pleasing to the eye does more than just increase property value and curb appeal. Here’s a list of reasons why it’s more important than you may think:
More Living Space
These days, tenants want more than a “nice” home or apartment. They want an outdoor space that can double as an extension of their indoor living space. Tenants want to be able to invite their friends over at a moments notice, and when they say “can I bring a guest?” they don’t want to have to worry about cramming extra people into their living room.
Adding raised beds to facilitate a vegetable garden also adds appeal to any kind of green thumbs, and with more and more people becoming health conscious — you can only gain from this idea.
Units Sell Themselves
Real estate agents often use jargon like “wow factor” that sells homes, and the same is for rental properties. If you can impress potential tenants from the moment they arrive, they’ll have a much more favourable opinion of the property throughout the showing. That favourable opinion will turn into signed rental agreements and long-term relationships with happy tenants.
Increase Tenants’ Privacy
Not everyone wants to cover their windows with blinds or thick drapes to make sure that the interior of their home remains private. Further, when it comes to outdoor spaces like the backyard, the only other option for maintaining privacy is a privacy fence, which isn’t always the most attractive option. Use trees, large shrubs and other landscape features to give your tenants privacy — along with a great view — and your tenants are much more likely to stay long-term.
Not A Handyman? No problem.
While there are a few people that love to spend their summers working in their gardens, most people would prefer not to spend much time weeding or maintaining complex plant spaces. If tenants are expected to maintain the landscaping around your properties, then make it easy for them to do so by creating a landscape that doesn’t require much maintenance. If you’re paying for landscape maintenance, then simplify the landscaping to keep costs within your budget.
All the details add up to boost the value of your properties, which leads to an overall increase in your net worth and equity. Perhaps it sounds small, but improvements to landscaping at one or more properties can provide the equity you need to leverage financing for further improvements or to purchase additional property.
You Care, They Care
Arguable one of the best reasons for outdoor upkeep is that it sends a big message to potential renters. When people see the attention you devote to the landscape, they’ll realize that you care about the property’s looks and condition. When people know that you’re willing to go the extra mile to make a property well-maintained, they’ll be much more confident when it comes to signing the rental contract.
There are many reasons to update the landscaping of your rental homes or apartments. Get started today and soon you’ll understand just how important it is to have well-designed landscapes at each of your properties.