Your La Conner rental property’s backyard is a critical element in its overall appearance. However, there’s a significant distinction between creating your dream backyard and establishing a functional, attractive one. The latter will allow you to maximize your rental rates and increase your property’s value, whereas the former could fail either.
Rather than focusing on an extravagant backyard for a rental property, it is wiser to create an appealing, low-maintenance yard that tenants will find attractive and easy to manage.
How much landscaping is too much?
One of the biggest mistakes you can make as a rental property owner is overstressing the landscaping. Industry professionals recommend spending at most 10 percent of the property’s value on landscaping. However, it is needless to exceed that threshold except if there is a tangible benefit to doing so. Extra rent will not be as high as one might expect for a residence with an extensively landscaped yard. In actual fact, overdoing it on the landscaping can dishearten potential tenants due to all the additional upkeep required from them.
In order to keep your property attractive and profitable, select backyard upgrades that offer the highest returns for the cost. The first step to a beautiful backyard is not even an improvement. Preferably, work on improving the quality of what’s currently there. A green, neatly trimmed lawn and well-cared-for greenery will greatly boost the value of your property and add an instant appeal. If your property’s lawn is looking a bit sparse or empty, reseeding or incorporating some sod is one of the quickest ways to get your property’s backyard that meets your standards.
Improve the property’s backyard affordably
Other relatively affordable backyard upgrades are outdoor lighting and outdoor assembly spaces. As an alternative to creating lavish planter beds filled with flowers, try upgrading your property’s yard with features that could be utilized by your tenant for gatherings or evening events. These advancements are not only cost-effective but also add significant value to your property.
Adding a simple patio (or deck) may appear to be an unnecessary expense, but you may create more appeal by offering a rental home with a ready-made space for interacting with close companions. In addition, research appears to indicate that, in contrast to other backyard services, 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 can make, and it presents benefits beyond simple appearance. Renters will surely find the added benefit of backyard lighting, which includes motion-sensing or energy-efficient lighting fixtures, to be quite useful and reassuring. Outdoor lighting will also complement any outdoor gathering spaces your rental property has, enhancing the home’s curb appeal at night.
A key factor of successful property management is the ability to identify which improvements you choose for your La Conner rental property’s backyard that will yield the best return on your investment. By prioritizing excellent features with a low-maintenance design, you can attract the type of renters you want while still increasing the value of your property. You, as a property owner, have the power to shape a backyard that tenants will love and that will enhance your property’s appeal.
At Real Property Management Teyata, we assist you in planning a backyard design that makes the most of every dollar you spend. We know what enhancements to the backyard lead to higher rent, and we can help you get your La Conner property ready to make the backyard tenant-friendly. For deeper details, please contact us online or call us at 360-856-1010.
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