As a rental property investor, you want to attract tenants as well as increase the value of your properties. One way to do both of these at the same time is by increasing storage space in your rental property.
More storage space is almost always greatly appreciated by tenants in any property, and when your tenants are happy, your revenue stream is more constant.
Here are some ideas on how to increase the storage space in your rental property investments:
Take Advantage of Closet Space
Closets are one of the first places that you can upgrade for extra space. You can put in some small shelving that will allow the renters more organization opportunities. It is also a great idea to add pantry baskets to the doors on the inside or to add pegboards for hanging organizers.
Shelves Above The Doorway
If you install extra shelves above the doorways, you can create lovely out-of-sight storage space. This is a less common feature, but they can also double as valances for those who wish to dress up their doorways. Installing recessed shelves is another great way to maximize the space that is available.
Smart Cabinetry
You may want to consider installing pull-out drawers and containers in the kitchen. They are great space savers and they keep all the clutter out of sight. They are also helpful for tenants as they eliminate the problem of things becoming nearly unreachable in lower or higher cabinets. Having the trash can hidden away will not only save floor space, but it will also make the place look better. Attaching towel rails to cabinet doors is a great way to store pot lids and utensils.
Medicine Cabinets
It is a wonderful idea to install medicine cabinets so that your tenants can store their personal items in them. It also gives the renters more counter space while making the bathroom look streamlined and tidy. Medicine cabinets do not have to be boring and ugly like they were in the past because you can actually find some really great designs these days.
Laundry Room Shelves
If your rental property has a laundry room, you can create more space by putting in an extra shelf and inserting a closet rod. This will allow the tenants to be able to hang their clothes once they are ironed. It is not difficult to do this at all and it will make a huge difference to the people who will be renting from you.
Increasing storage in a property does not need to be difficult or complex; in fact, you can increase the value of your rental property investment for a fairly low price. Here at Specialized Property Management Atlanta, we communicate with tenants to know what they need from us and from you, the property owner. We also know how to make sure your property is the best it can be to get the best tenants for you. Contact us online or call us at 404-596-8429 for more information.
