Your Camas rental property’s backyard contributes greatly to its general look. However, there’s a significant dissimilarity between creating your dream backyard and building 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.
Rather than spending in an extravagant backyard for a rental property, the more secure decision is to create an appealing, low-maintenance yard that tenants will appreciate and see as simple to keep up.
How much landscaping is too much?
One of the biggest mistakes you can make as a rental property owner is going overdoing the landscaping. Experts in the field propose spending at most 10 percent of the property’s value in landscaping. However, except if there is a tangible benefit to doing so, there is no justification to go that high. A property with an extensively landscaped yard will not gain as much extra rent as you would believe. Actually, overdoing it on the landscaping can keep prospective tenants away because of the additional upkeep required from them.
Focus on backyard upgrades that offer the highest returns for the cost to keep your property attractive and profitable. The first step to a beautiful backyard is not really an improvement. As a substitute, prioritize improving the quality of what’s currently there. A green, neatly trimmed lawn and well-cared-for greenery will provide immediate appeal and help boost the value of your property. If your property’s lawn is looking a bit sparse or empty, reseeding or planting some sod is one of the quickest ways to get your property’s backyard look better.
Improve the property’s backyard affordably
Outdoor lights and assembly areas are two other relatively affordable backyard upgrades. Instead of establishing extravagant planter beds filled with flowers, think about upgrading your property’s yard with amenities that could be utilized by your tenant for get-togethers or evening activities. These changes are not only cost-effective but also add significant value to your property.
Adding a simple patio (or deck) may appear to be a costly enhancement, but you can increase attractiveness by offering a rental home with a ready-made space for entertaining with family and friends. Besides, studies have shown that, different from other backyard amenities, 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 might consider, and it provides benefits beyond simple appearance. Backyard lighting, such as motion-sensing or energy-efficient lighting fixtures, is an excellent investment for renters because it increases both security and practicality. Outdoor lighting will also complement any outdoor gathering spaces on your rental property, increasing the home’s curb appeal after dark.
Regardless of the improvements you choose for your Camas rental property’s backyard, knowing which ones will provide the best return on your investment is a crucial part of successful property management. You can attract the type of renters you want while still increasing the value of your property by highlighting excellent amenities with a low-maintenance design. As a property owner, you have the capacity to shape a backyard that tenants will adore and that will enhance your property’s appeal.
At Real Property Management Vancouver, we assist you in planning a backyard design that will allow you to get the best value for your money. We know which backyard upgrades lead to higher rent and can assist you in preparing your Camas property to have a tenant-friendly backyard. For more details, please contact us online or call us at 360-975-4683.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
