- Make your landscaping look more inviting and relaxing.
- Consider buying key outdoor furniture pieces.
- Enhance lighting for security.
- Add a hot tub or a swimming pool.
- Increase security by adding fences and concrete walls.
As a rental property owner, you know that appearances matter. The exterior of your rental property is the first thing potential tenants will see, and creating an inviting atmosphere is essential. After all, who would want to rent from a property with shabby landscaping, outdated furniture, and poor lighting? Luckily, you don’t have to break the bank to make your rental property ‘pop.’ Here are five tips on revamping your rental property’s exterior without breaking the bank.
1. Spruce Up Landscaping with Colorful Plants and Trees
Creating an inviting front yard oasis doesn’t have to cost a fortune. Adding colorful plants, such as flowering bushes and shrubs, can add color to your rental property’s front yard. Consider planting trees to provide shade and create a cozy atmosphere. If you have the budget, trees also increase curb appeal. To get into the mood, you can add a few potted plants for added color, such as flowering plants or lush greens.
2. Invest in Functional Outdoor Furniture
Outdoor furniture, such as chairs and tables, creates an inviting space for potential tenants. Opt for durable materials such as metal or wicker that can handle all weather conditions. Add colorful accents like cushions and pillows to make the space more inviting. For example, if you have a fantastic view of the sunset in your backyard, you can install comfortable seating and enjoy the picture with your family.
3. Upgrade Lighting for Exterior Security
Adding exterior lighting is not only aesthetically pleasing, but it also serves a dual purpose — providing security and visibility at night. Consider adding motion detectors to turn on lights when someone approaches the property. This can give potential tenants an added layer of security and peace of mind. You can also choose to use solar lights, especially outdoors, since it can cost you less money on utility bills and even help you save more.
4. Install a Pool or Hot Tub for Added Value
A pool or hot tub can add value to your rental property, making it stand out from the competition. The installation cost may be expensive, but it could pay off in the long run as you attract more tenants and charge higher rents. Consider installing energy-efficient options to save money in the long run. Many options are available, such as above-ground pools and inflatable hot tubs that are more affordable.
5. Put Up Fencing for Aesthetic and Security
Adding a fence around your rental property is aesthetically pleasing and provides increased safety and privacy for potential tenants.
Here are some ideas you can do for your fencing:
Add a Concrete Wall
Professional concrete walls are an excellent option if you are looking for an attractive and secure barrier. You can customize them to fit the look of your property, paint in different colors and textures, or use them as a backdrop for other decorative plants and shrubs. The cost of building a concrete fence depends on its size, overall design, and installation location.
Choose Wood Fencing
Wood fencing adds a classic touch to any property while providing security and privacy. You can choose from several types of wood, including pine, cedar, spruce, redwood, walnut, cypress, teak, and mahogany. Wood fences come pre-assembled or can be built from scratch to suit your specific needs.
Consider Vinyl Fencing
Vinyl fencing is an affordable and low-maintenance option if you’re looking for a fence that won’t require a lot of upkeep. It’s available in many colors, styles, and sizes, so you can customize it to match the rest of your property. Plus, vinyl fences are highly durable and resistant to weathering, making them ideal for outdoor use.
Install Wrought Iron Fence
Consider installing wrought iron fencing around your rental property for a more classic look. Not only will it add to the aesthetic appeal of your property, but it also provides extra security with its high-strength construction. Wrought iron fences come in multiple designs and colors, so you can find one that fits perfectly with your landscape. Plus, they are relatively easy to install and maintain compared to other types of fencing materials.
Investing in your rental property’s exterior creates an inviting atmosphere for potential tenants while adding value to your investment. With these five tips on revamping your rental property’s exterior, you can turn it into a more desirable living space without breaking the bank.