Sunday, October 8, 2017

Make an Apartment Complex Appealing

Salem, Oregon, resident Paul Kerley is the president of Commercial Property Resources, Inc., a firm which focuses on the ownership and management of residential properties. In addition to investing in condominiums and single-family homes, Paul Kerley invests in apartment complexes.

In order to attract renters to an apartment complex, owners should equip their properties with the following three amenities in order to make them more appealing places to live.

  1. Safe lighting is important. When the perimeter, parking areas, and entryways of an apartment complex are well-lit, it can deter criminal activity. Help potential residents feel more confident in the safety that your complex provides by installing lighting in advantageous positions across the property.
  2. Modern appliances appeal to renters. Outdated stoves, refrigerators, and washing machines can prematurely age a property, leading to lower levels of interest from prospective inhabitants. Boost rental value and enthusiasm for a property by investing in uniform, modern-looking appliances.
  3. Energy efficiency is a selling point. Installing energy-efficient amenities such as double-pane windows and moisture-sensing bathroom ventilation fans can entice potential tenants. Not only will these types of amenities look new, but they will also lower the cost of power bills for tenants.