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Even More Features to Consider When Looking at Investment Properties

Previously on the blog, we’ve talked about many of the various features to look for in an investment property that you are planning to rent in the Arkansas area. In many ways, choosing a home that will carry the most value to renters involves walking in their shoes and considering what may be most important to them. In the same respect, you have to think about the type of renter you want to attract to your home for rent. Here are even more features that factor into the type of renter you may attract and also determine the type of property you wish to invest in.

Is There a Yard? Think Pets.

While many individuals purchase a rental property knowing that they won’t allow pets in the home, and this is something to seriously consider when you purchase a home for rent. Remember as the homeowner, you have a say in what is allowed or not allowed in the home. Perhaps you will allow a single dog under twenty pounds because the home has a decent yard. Maybe you will only allow cats with a pet deposit. You may even consider requiring vet records and vaccinations before the lease is signed. These are all okay, you just have to remember that allowing pets in a home for rent with a yard has its risks but does increase the price you can charge for it.

A Plethora of Storage Spaces

When you’re touring potential investment properties, look around the entire property. Search specifically for spaces that renters could store their belongs. This includes enough closet space, pantries, linen closets, and garage space. Buying storage can get expensive for renters, and having good storage space available in a home can help you seal the deal with good renters.

Don’t Forget About Security

We’ve saved possibly one of the more important features to consider when you buy a home for rent for last. It’s important to consider the security and overall safety of your renters when they are living in the investment property that you own. This ranges from choosing good locations with low crime rates, to making sure that windows and doors are able to be properly secured. If a home has a shoddy door or no locks on the windows, consider upgrading them prior to renting out the property. Also, if you plan on having a family rent your investment property, look into the schools in the area as well.

It’s important to remember that attracting the best renters to your home for rent involves having features that you might consider for yourself as well. When you start shopping for an investment property, contact the specialists at Real Property Management Central Arkansas for the best help available!

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