With more professionals working from home than ever before, rental properties should keep up with the very different way people live and work that has evolved recently. Remote workers are looking for rental homes that boost their productivity and comfort, making properties that cater to this lifestyle in high demand. This demographic of renters provides novel opportunities to rental property owners and managers. In fact, making the right modifications can set your rental apart. Read on to discover some sensible, reasonably priced modifications 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 been rather common recently since more professionals than ever before are working full-time from their homes. This has contributed to a growing demand for remote-work-friendly rental homes that offer the features and amenities remote workers need. In several markets, rental properties that cater to remote workers tend to rent rapidly and retain tenants longer. One strategy to earn from this trend is to invest in strategic modifications that can increase your property values and attract high-quality tenants who work from home.
Must-Have Modifications for Remote Workers
To appeal directly to renters who work remotely, consider implementing (and promoting) the following cost-effective upgrades to your rental property:
- Dedicated Workspaces: If your rental has a spare room, loft, den, or other undefined area, turn it into a designated office nook or flex space for productivity. This might be as basic as organizing and presenting it in these terms, or you may need to invest in some minor renovations to make the area live. For illustration, some built-in shelving or a desk could be all you need to turn a nook into a remote-work office.
- Good Lighting & Soundproofing: As you create a workspace, give the lighting and acoustics great thought. Either design a workplace with good natural light or add lighting that you can adjust for individual preference. If echoing or outside noise is an issue, try soundproofing the space as much as possible with fabrics, space dividers, or additional insulation.
- Wellness Features: Other than output, remote workers are also chasing down homes supporting their well-being. Ergonomic features like standing desks and floor mats can be a cheap addition that can attract tenants to a property. Additionally, take note of spaces that could be used as meditation or exercise areas.
- High-Speed Internet & Connectivity: Along with office space, you should consider investing in high-speed internet service and hard-wire the house for strong connectivity. Lots of remote workers need more than basic Wi-Fi to do their jobs.
- Smart Home Tech: Consider upgrading your rental property with smart devices if your financial situation permits. Smart thermostats, keyless entry, and voice-activated controls are typical options that will give your property a competitive edge.
Upgrade Your Rental to Meet Today’s Demand
Dealing with the demand for remote-work-friendly rental properties makes sense for today’s rental property owners and managers. In fact, all it takes are little but major changes to your property and your marketing to magnetize the responsible, long-term tenants you desire.
Seeking to further optimize your rental for modern tenants? Approach your local Real Property Management office to find out more about how you can create a rental property that appeals to today’s renters. For superb property management services in Winter Park and the adjacent regions, Real Property Management Vanguard is here for you. Call us at 407-681-7802 or contact us online today.
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