Updated March 28, 2022
With more than 75,000 people moving into Atlanta, Georgia's state capital was ranked as the fourth fastest-growing metropolitan area in 2018. This is good news for rental property owners, as a major percentage of the demographic moving into the area are young employees and job seekers.
Many millennials believe that it is cheaper to rent a home rather than buy one—or at the very least, they are currently facing serious hurdles to homeownership that make it more feasible to rent one of the Atlanta fine homes for the time being. This means many well-cared-for Atlanta homes will have no shortage of potential renters.
However, as a rental property owner, one of the worst mistakes you can make is assuming that your property’s value will automatically appreciate due to this demand. That said, there are simple upgrades and improvements that will help you retain great renters—or attract those willing to pay a little bit more for your property.
Consider these rental property upgrades for your rental houses in Atlanta, Georgia!
Smartphone use only continues to rise and is a staple among renters from Generation Z to Baby Boomers. It is only right that you leverage on this by adding gadgets that are easy to program and can be controlled remotely.
You can also upgrade rental property by adding smart thermostats, installing motion-sensing lights, and installing smart carbon dioxide or smoke detectors, among others.
Potential renters can decide whether to check your property’s interior or keep on driving based on its exterior appearance. While improving your rental property’s exterior may not be as exciting as upgrading its interior, it plays a key role in retaining current residents—and attracting new ones.
However, as with all aesthetic upgrades, make sure that these suggestions for your rental houses in Atlanta, Georgia, are in line with the city’s regulations and those of your neighborhood or HOA.
Sustainability and environmental conservation have become quite commonplace over the past few years. While your typical homeowner may appear to have an advantage over renters when it comes to ‘going green,' investors can still make updates that appeal to concerned residents.
With more than 75,000 people moving into Atlanta, Georgia's state capital was ranked as the fourth fastest-growing metropolitan area in 2018. This is good news for rental property owners, as a major percentage of the demographic moving into the area are young employees and job seekers.
Many millennials believe that it is cheaper to rent a home rather than buy one—or at the very least, they are currently facing serious hurdles to homeownership that make it more feasible to rent for the time being. This means many well-cared-for Atlanta homes will have no shortage of potential renters.
However, as a rental property owner, one of the worst mistakes you can make is assuming that your property’s value will automatically appreciate due to this demand. That said, there are simple upgrades and improvements that will help you retain great renters—or attract those willing to pay a little bit more for your property.
Consider these rental property upgrades for your rental houses in Atlanta, Georgia!
Smartphone use only continues to rise and is a staple among renters from Generation Z to Baby Boomers. It is only right that you leverage on this by adding gadgets that are easy to program and can be controlled remotely.
You can also upgrade rental property by adding smart thermostats, installing motion-sensing lights, and installing smart carbon dioxide or smoke detectors, among others.
Potential renters can decide whether to check your property’s interior or keep on driving based on its exterior appearance. While improving your rental property’s exterior may not be as exciting as upgrading its interior, it plays a key role in retaining current residents—and attracting new ones.
However, as with all aesthetic upgrades, make sure that these suggestions for your rental houses in Atlanta, Georgia, are in line with the city’s regulations and those of your neighborhood or HOA.
Sustainability and environmental conservation have become quite commonplace over the past few years. While your typical homeowner may appear to have an advantage over renters when it comes to ‘going green,' investors can still make updates that appeal to concerned residents.
Whether you are taking care of your property’s utility bills or your renters will, installing water-saving devices in your property will add to its appeal.
Statistics estimate that showering accounts for nearly 17% of any residence’s water usage.
Other cheap but energy-efficient upgrades you could carry out on your rental property include installing programmable thermostats and replacing air filters. The latter is considered a part of excellent rental property maintenance when you own rental houses in Atlanta, Georgia.
High-quality flooring for your rental property is a fool-proof way of ensuring a return on your investment. However, installing floors such as hardwood or engineered wood can be quite pricey.
The advantages of upgrading your Atlanta homes for rent go beyond mere appearances. You will enhance your property’s value and improve its annual cap rate. Most importantly, such upgrades will nurture healthy relationships between you and your renters!
In an active rental market like the Greater Atlanta area, these upgrades will make your property stand out over your competition. However, not every type of upgrade is ideal for every rental property. You'll need an expert eye on the research to determine where to spend your money to boost your property's value.
What do we look for when preparing Atlanta homes for rent? Learn more when you download your free copy of our Makeready Checklist!