Did you know that the right landscape details can boost your property's perceived value by up to 42%?
As the saying goes, "you only get one chance to make a first impression". When a potential tenant comes to view your rental property, the very first thing they'll notice is the yard.
What can you do to boost your property's curb appeal--and its overall value? A few DIY skills are useful, but all it really takes is a few well thought-out landscape renovations.
In this post, we'll reveal 4 landscape upgrades you can make to maximize rental value. Read on to learn more.
1. Add (or Upgrade) Your Patio
Any rental property will benefit from the addition of an outdoor living area.
Whether you live in an area that's sunny year-round or only in the summertime, your tenants will enjoy (and pay more for) a nice patio.
A good space for outdoor entertaining can add just as much "wow" factor as a remodeled kitchen or bathroom suite. A paved stone walkway or an in-ground fire pit could be just the addition your rental property needs.
2. Choose Native Plants
If you're including new plants in your landscape renovations, it's usually best to go local.
Exotic, non-native plants often require more water and attention than plants that already grow in your area. While they may look attractive, many tenants will be turned off by the idea of high-maintenance trees, flowers, or shrubs.
As a landlord, you also need to consider your water bill and the cost of weekly or monthly lawn care. Creating an extravagant landscape may be more trouble and expense than it's worth.
3. Aim for Year-Round Appeal
There’s nothing wrong with adding flowers that bloom in the springtime.
But since your home will be viewed (and lived in) year-round, you need to consider landscaping that wil be attractive for every season.
Think about perennial flowers for the summertime and shrubs that turn bright in the autumn months. Evergreens are a delightful addition to keep some color in the yard even during the coldest winter months.
4. Maximize Good Views
If your property has a view of the mountains, ocean, or other nearby feature, it’s time to maximize that view. Renters are always willing to pay more for a home that has a great view than one that feels overgrown and enclosed.
Remove any shrubs or trees that even partially block the view. If possible, add a few trees or shrubs that purposefully frame it.
This is a sure way to set your rental property apart and make it memorable to potential tenants.
Final Thoughts on Landscape Renovations
You don't have to plant dozens of trees or exotic flowerbeds to boost your property's curb appeal.
All you need to do is implement one (or more) of the landscape renovations listed above. It's a quick and easy way to beautify and maximize the value of your rental property.
What else do you need to know when it comes to maintaining your rental properties? Click here for our handy checklist.