Posted on: 1 December 2015
If you have purchased a rental property and it doesn't have a garage or a basement, there are some things you can add to make the property more appealing to potential renters. You want to compete with all the other rental properties in the area, and you don't have to spend a ton of money.
You only want to pay for things that you will see a return on the investment, and renters are often looking for a short-term living solution lasting about a year. You don't have to appeal to every renter, but adding these options at a low cost should help you boost the rental fee without putting out a ton of money.
A covered porch or overhang off the back of the house isn't going to make up the space that the renters would get if they had a basement, but it still provides them with an outdoor living area and entertaining space. This is a great attraction because the rents can set out patio furniture and a grill, and they can use the space when the weather permits. This is a great way to make the house seem bigger than it is because the renters can imagine eating and lounging under the overhang. Staging the area or adding patio furniture is beneficial.
If you don't want to spend the money to have an attached or detached garage added to the property, you can have a carport put right next to the house. This shields the renter's vehicle from snow, rain, weathering damages and constant exposure to the sun, and it allows them a covered area when bringing in groceries or loading the car. This is affordable and you can pay to have it assembled, or you can purchase it and assemble it on your own.
These added options are going to set your rental property apart from the others when potential tenants are driving by and going into properties. The overhand and the carport are also going to increase the resale potential when you decide that you no longer want to list the property as a rental, but instead when you want to sell it get rid of it. Talk with a construction company to get an estimate to have the overhang put on the back of the property, and talk with a local carport dealer (such as Sauer & Sons Construction) to see how quickly you can get the carport installed.Share