One of the most difficult things about owning rental investment property is knowing which properties will be the best to sink money into. Trends are constantly changing and what tenants want can fluctuate quite a bit between demographics and markets. Charleston property management companies hear from potential renters every single day about what they are looking for in their next home, what’s missing from their current home, and what is driving the rental market in Charleston.
If you are thinking about investing in single family rental homes, contact a property management company first who can help you learn more about the wants and needs or renters in your marketplace. However, we can give you some of the top desires of families and professionals!
Most Attractive Qualities of Single Family Homes
The most obvious reason that people seek out single family homes opposed to multi-unit buildings, townhomes, or condos is the addition of privacy. Families are especially appreciative of the privacy and extra space that a home typically affords compared to apartments. However, not all homes are built the same and there are several considerations that Charleston property management companies regularly hear about from tenants.
- A fenced in backyard
- A Porch or deck
- Multiple bathrooms
- Off-street parking
- A garage (attached is most coveted)
- Professional landscaping
- Off street parking
- Large bedrooms
- Large windows for natural lighting
- Walk in closets.
- Extra storage space
- High-quality, modern appliances
- Updated fixtures, carpets, and painting
Many tenants also look for services that different Charleston property management companies will offer such as snow removal, lawncare, carpet cleaning, etc. Tenants want to be sure that they are getting the most possible for their rent, and the more perks you can add, the more value tenants will assign to your property. The easier seeing the value in a home becomes, the easier justifying the rental price or raising the rent to be more aligned with market pricing will be.
If you’re interested in finding out how our property management companies can make the most out of your single family home investment, call Scott Properties at 843-790-4929.