Property managers know that the outdoor amenities they offer can make all the difference in attracting and retaining tenants. With the winter season over, and snow budgets not used, it’s the perfect time to use leftover snow budget money to improve outdoor amenities.
Here are some reasons why property managers should consider investing in outdoor amenities:
- Attract new tenants: Outdoor amenities can be a significant factor in attracting new tenants. When potential tenants see outdoor amenities they are more likely to be interested in renting from you.
- Retain current tenants: Outdoor amenities can also help retain current tenants. If your tenants enjoy spending time outdoors and have access to amenities that enhance their living experience, they are more likely to renew their lease.
- Increase property value: Outdoor amenities can increase property value. Studies have shown that outdoor amenities such as a pool or a park can increase property value by up to 20%.
- Create a sense of community: Outdoor amenities can also create a sense of community among tenants. When tenants have access to shared outdoor spaces, they are more likely to interact with their neighbors, creating a friendly and welcoming atmosphere.
So, what outdoor amenities should property managers consider investing in? Here are some ideas:
- Fire Pit Areas: Fire pit areas are an excellent addition to any outdoor amenity space. They provide a cozy and inviting atmosphere for tenants to gather around and socialize. Fire pits also offer a sense of warmth and comfort, making them an ideal outdoor amenity during the colder months.
- Putting Greens: Adding a putting green to your property can be a fun and unique outdoor amenity. Not only does it give tenants an opportunity to practice their golf skills, but it also adds an attractive feature to your property. Consider investing in synthetic putting greens that are low maintenance and can withstand various weather conditions.
- Outdoor Lighting: Outdoor lighting is an essential feature that can enhance the ambiance and safety of your outdoor amenities. Consider adding path lights, accent lighting, or decorative lighting to create a warm and inviting atmosphere for tenants. With the advancements in technology, there are now many energy-efficient and low-maintenance lighting options available.
- Landscaping: Landscaping is an excellent way to improve the overall look and feel of your outdoor amenities. Consider adding new plants, flowers, or trees to create an aesthetically pleasing environment for tenants. You can also incorporate hardscaping features such as walkways, stone walls, and water features to add an extra touch of elegance to your outdoor amenities.
By investing in outdoor amenities, you can create a sense of community, attract new tenants, retain current tenants, and increase the value of your property. When thinking about upgrading amenities, it is important to have proper planning to make sure the end product meets expectations. Our team of designers and project managers can help identify areas of opportunity to create a living space that is welcoming and functional, contact us today to get started!