Your Port Aransas rental property’s backyard plays a major role in its overall attractiveness. However, there’s a significant disparity between creating your dream backyard and establishing a functional, attractive one. The latter will help you maximize your rental rates and increase your property’s value, while the former may not achieve either.
As opposed to investing in an extravagant backyard for a rental property, it is a good idea to create an appealing, low-maintenance yard that tenants will appreciate and find hassle-free to maintain.
How much landscaping is too much?
One of the biggest mistakes you can make as a rental property owner is excessively embellishing the landscaping. Authorities in the business recommend spending at most 10 percent of the property’s value in landscaping. Yet, unless there is a tangible benefit to doing so, there is no need to reach that much. A residence with an extensively landscaped yard will not gain as much extra rent as you might expect. Indeed, overdoing it on the landscaping may disappoint interested tenants due to all the additional upkeep required on their end.
Pursue backyard upgrades that offer the highest returns for the cost to keep your property attractive and profitable. The first step to a beautiful backyard does not include any form of enhancement. As an alternative, pay attention to improving the quality of what’s already there. A green, neatly trimmed lawn and well-cared-for greenery will quickly increase the attractiveness and help boost the value of your property. If your property’s lawn is looking a bit sparse or unadorned, reseeding or putting some sod is one of the quickest ways to get your property’s backyard to live up to expectations.
Improve the property’s backyard affordably
Additional relatively affordable backyard upgrades are outside lighting and outdoor meeting places. In lieu of creating costly planter beds filled with flowers, contemplate upgrading your property’s yard with amenities that could be utilized by your tenant for get-togethers or night events. Such upgrades are not only cost-effective but also add significant value to your property.
Adding a simple patio (or deck) may appear like an unnecessary upgrade, but it can enhance the charm of it by offering a rental home with a ready-made space for gatherings with relatives or guest. Besides, studies has found that, dissimilar to other backyard features, a patio or deck increases property values, making it an expense to consider for your rental property.
Outdoor lighting is one of the most budget-friendly backyard upgrades you can do, and it offers benefits beyond simple appearance. Renters are going to love the enhanced protection and convenience of backyard lighting, such as motion-sensing or energy-efficient lighting fixtures. Outdoor lighting will also complement any outdoor gathering spaces your rental property has, increasing the home’s curb appeal during evening hours.
Notwithstanding the improvements you choose for your Port Aransas rental property’s backyard, you need to consider which ones yield the best return on your investment. This is crucial aspect of successful property management. Highlighting top-notch amenities with a low-maintenance design can attract the type of renters you want and simultaneously increase the value of your property. As a property owner, you possess the authority to shape a backyard that tenants would like, and that will enhance your property’s appeal.
At Real Property Management Shoreline, we help in planning a backyard design to make the most of the return on investment. We have an in-depth grasp of these factors that can lead to rent increases, and we are here to help you transform your Port Aransas property into a backyard that tenants will love. If you need more information, please contact us online or call us at 361-885-0500.
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