Luxury amenities can sometimes be the difference between occupancy and vacancy, especially if your rental property is located in an upscale neighborhood. Aside from basic amenities like a washer and dryer, some rental properties offer additional benefits that are worth the maintenance and initial investment.
Key Highlights
- Similar to vacation rental homes, luxury residential properties are often equipped with high-end amenities that will attract quality tenants.
- Adding modern touches to your rental units, like smart TVs, other smart features, and luxury cosmetic amenities, can help you attract and retain tenants.
- Without neglecting your exterior and shared amenities, you may also add a home gym with steam rooms for convenience, and heated pools for leisure.
In-Unit Rental Amenities
Smart Locks
Tenants will appreciate smart home features, such as smart locks, since they allow for keyless entry. Furthermore, it provides guests with remote access when needed and prevents the trouble of lost keys.
Some smart locks record entries and exits, and come with app connectivity to enable remote navigation. It can be safer than having physical keys, especially if the lock can only be opened using biometrics.
Smart Lights
Smart home devices like smart lights will provide tenants more options for light control, such as color, brightness, or schedules. This smart home technology is among the easiest to install, as certain models only require plugging in, eliminating the need for wiring by electricians.
With automated lighting, tenants can come home to a bright rental unit, reduce energy usage, and create a personalized experience for themselves.
Smart Thermostats
Continuing the theme of smart technology, smart thermostats will also enable tenants to remotely control the room temperature through an app.
They’ll be able to turn on the air conditioning before they get home, as well as lower energy costs, by automating temperature changes based on whether the tenant is home or not. Some models can even be connected to an indoor fireplace.
High-Quality Coffee Maker
Coffee machines are common kitchen amenities in furnished rentals, but a luxury machine lets tenants brew high-quality coffee to start their day. It's a must-have feature, especially for young professionals who rely on a caffeine boost in the morning and prefer coffee that would rival that of professional baristas.
Stainless Steel Appliances
Luxury rental properties mean gourmet meals and well-equipped kitchens, and it won't be complete without stainless steel appliances. These are essential amenities that you cannot skip. Although they may not be unique, a stainless steel model will add a touch of elegance to the overall ambiance of the kitchen.
Cosmetic Amenities
Amenities don't need to be functional to attract tenants. Cosmetic amenities like granite countertops and hardwood floors can also make all the difference in your listings. It will make the living space look more classy, and tenants will feel confident inviting over potential guests, as it looks like a luxury vacation rental kitchen.
Community Amenities and Outdoor Spaces
Swimming Pool
While it’s more popular as a vacation rental amenity, property owners sometimes add swimming pools to improve tenant satisfaction. Georgia is among the hottest states during summer, and you can easily improve the tenant and guest experience when they have somewhere to cool off.
Try and include some beach towels to prevent wet tracks on your rental property floor, as well as sound systems to encourage gatherings.
Gardens
A green space in your rental property significantly enhances the curb appeal, especially when regularly maintained. Add a few flower beds and a walkway so tenants can enjoy the luxury outdoor space.
You can also include an outdoor kitchen and eco-friendly water features like ponds that would fit your property's theme, and would also cool the surroundings during hot months.
Outdoor Seating Areas
It's easier to appreciate the outdoor amenities you install when there’s outdoor furniture to relax on. You can add board games and lights, which can make for a perfect cozy movie night. To make it an ultimate relaxation spot, you can even install fire pits to add a touch of luxury. It's not an essential feature, but these high-end amenities can help your rental stand out.
Fitness Centers
One of the most sought-after community amenities is a fitness center, as tenants prefer having a workout area nearby rather than having to travel to a gym. To take it up a notch, consider adding a steam room to aid in workout recovery. This will not only increase occupancy but also promote well-being for your renters.
Smart Alarm Systems
Adding smart security cameras and locks will help your tenants feel more secure, while also attracting potential renters. After all, who doesn't want to live in a safe rental home?
The security cameras will be able to detect people and objects and send alerts when they detect something out of place. Smart amenities often feature cloud access, enabling you or your property managers to remotely monitor your rental.
Hot Tubs
While it’s more popular as a luxury vacation rental amenity, it can be very worth it if your target market has high-end preferences. Combined with amenities that increase your curb appeal, you can create a scene in your rental property similar to that of a romantic getaway. You can make tenants and guests feel relaxed on a whole new level with a pampering experience, especially during cold months.
High-Speed Internet
One of the most important ones on this list, high-speed internet will help support remote work. The convenience will significantly improve your chances of finding tenants, as many applicants consider the lack of an internet connection a deal-breaker. As for what makes it a luxury, consider actual high-speed Wi-Fi plans that allow tenants to access the internet without issues. It's best to apply to local providers for easier maintenance during an outage.
Tips to Help Your Rental Stand Out in a Crowded Market
- Optimize your listing. Include necessary keywords in your title and description to catch potential tenants' attention.
- Highlight key features like its prime location. Mention if it's close to dog parks, has easy access to public transportation, or the scenic views from the property.
- Use high-quality photos. Don't just take wide photos to show off the square footage of the property. Focus on luxury amenities like appliances, furniture, and views.
- Consider convenience and visibility. Is your listing easy to find? Post on popular listing sites and social media to find more applicants.
Hire a Property Manager to Improve the Luxury Experience
No amount of luxury toiletries or private pools will keep your tenants happy if you're overwhelmed and mismanage your rental property. We understand what an immense responsibility managing a rental can be, and we are here to help take that weight off your shoulders.
Companies like PMI Georgia possess the knowledge and experience to provide your tenants with a good rental experience, as well as a stress-free ownership for you. Your business goals are our business goals, and we will strive to maximize the value of your property.
Contact us today, and we can help you achieve your goals faster!
