As mortgage rates continue to climb, buying a house becomes harder for many families. That means a lot of families in your town will need to rent, and they’ll be looking for apartments or condos that offer amenities geared toward families. Here’s how you can get ahead of the fall apartment rush and make your rental property appeal to families.
Install Playground Equipment
As summer winds down and the temperatures get nicer, more families will make time to play outside. By installing playground equipment, you show potential tenants not only that you want families to feel welcome at your property, but that you have taken steps to provide for their needs. Swing sets, slides, and climbable playground equipment are perfect choices for an end-of-summer renovation.
Provide On-Site Laundry
If you’ve been around kids, you know how messy they can be; it’s just one of the things parents have to deal with, and it creates a lot of laundry. Having laundry facilities on the property makes it much easier for families to take care of their kiddos, plus it offers you some additional passive income. Knowing what your tenants are looking for in laundry facilities will help make your rental property appeal to families.
Offer an In-Ground Pool
Pools are often where families like to hang out in the afternoons and weekends when the kids are out of school and the parents aren’t at work. They’re an easy way to provide entertainment and exercise for the whole family. If you have the space, add a picnic and grilling area so your tenants can keep the pool water outside during mealtimes.
Sound Proof With Carpet
Kids love to run and jump, which can make a lot of noise in an apartment building. To minimize the noise from other units, install carpets on the second floor and add insulation between unit walls. Families with babies and children still learning to sleep through the night will appreciate your efforts!
One of the differences between apartments and houses is the amount of space available, so it’s very important to renting families to have room outdoors where kids can play and get exercise. Making these adjustments to your property will go a long way toward attracting more families.
