Smart Rental Upgrades to Attract High-Paying Remote Tenants

5 hrs ago 8

The post Smart Rental Upgrades to Attract High-Paying Remote Tenants appeared first on Real Property Management Chicago Group.

Young female resident working late in her rental home.The way people live and work has fluctuated drastically recently, and with more professionals working from home than ever before, rental properties must keep up. Remote workers are looking for rental homes that assist their productivity and comfort, making properties that cater to this lifestyle in high demand. This demographic of renters brings novel openings to rental property owners and managers. Indeed, implementing the appropriate alterations can set your rental apart. Continue reading to uncover easy and inexpensive improvements that will appeal to remote workers and help you maximize your property’s rental potential.

The Growing Demand for Remote-Work-Friendly Rentals

Remote work has become popular lately, as more professionals than ever before are working full-time from their homes. This has created a growing demand for remote-work-friendly rental homes that offer the features and amenities remote workers need. In many markets, rental properties that accommodate remote workers tend to rent quicker and retain tenants longer. An effective strategy to capitalize on this trend is to invest in strategic modifications that can increase your property values and lure high-quality tenants who work from home.

Must-Have Modifications for Remote Workers

To appeal directly to renters who work remotely, think about executing (and encouraging) the following cost-effective upgrades to your rental property:

  • Dedicated Workspaces: If your rental has a spare room, loft, den, or other undefined place, turn it into a designated office nook or flex space for productivity. This may involve merely staging and detailing it under these conditions, or it might require investing in some minor renovations to improve the area. For instance, some built-in shelving or a desk could be all you need to turn a nook into a remote-work office.
  • Good Lighting & Soundproofing: Bear in mind the lighting and acoustics as you create a workspace. Build a workstation with good natural light or put lighting that you can adjust for individual preference. If echoing or outside noise is an issue, consider soundproofing the space as much as possible with fabrics, space dividers, or additional insulation.
  • Wellness Features: Besides efficiency, remote workers are also searching for homes supporting their well-being. Ergonomic characteristics like standing desks and floor mats can be an affordable enhancement that can attract tenants to a property. What is more, consider emphasizing spaces that could be used as meditation or exercise areas.
  • High-Speed Internet & Connectivity: Besides office space, it is crucial to finance high-speed internet service and hard-wire the house for strong connectivity. Several remote workers need more than basic Wi-Fi to do their jobs.
  • Smart Home Tech: Think about upgrading your rental property with smart devices, provided your budget allows. Smart thermostats, keyless entry, and voice-activated controls are widespread features that will give your property a competitive edge.

Upgrade Your Rental to Meet Today’s Demand

Answering the demand for remote-work-friendly rental properties is a good initiative for today’s rental property owners and managers. Indeed, small but impactful changes to your property and your marketing are enough to attract desirable, long-term tenants.

Hoping to optimize your rental for modern tenants further? Consult your local Real Property Management office for ideas on how you can create a rental property that appeals to today’s renters. For amazing property management services in Arlington Heights and the adjacent areas, Real Property Management Chicago Group is available to assist you. Contact us at 312-265-0660 or contact us online immediately.

The post Smart Rental Upgrades to Attract High-Paying Remote Tenants appeared first on Real Property Management Chicago Group.


View Entire Post

Read Entire Article