Your Emeryville rental property’s backyard is a key factor in its overall beauty. However, there’s a big difference between creating your dream backyard and building a functional, attractive one. One option will assist you in maximizing your rental rates and increasing your property’s value, while the other may not deliver the same results.
Why go all out on an extravagant backyard for a rental property when you can create an appealing, low-maintenance yard that tenants will absolutely adore and have no trouble taking care of.
How much landscaping is too much?
One of the biggest mistakes you can make as a rental property owner is going too far on the landscaping. Specialists in the sector suggest spending at most 10 percent of the property’s value in landscaping. But if there isn’t a tangible benefit, you don’t need to go even that high. You might be surprised to learn that a home with an extensively landscaped yard doesn’t actually come with an extra rent. Actually, overdoing it on the landscaping can put off prospective tenants due to all the additional upkeep required from them.
Concentrate on backyard upgrades that offer the highest returns for the cost to keep your property attractive and profitable. The first step to a beautiful backyard isn’t even an upgrade at all. Instead, focus on improving the quality of what’s already there. A green, neatly trimmed lawn and well-cared-for greenery instantly increase and help boost the value of your property. If your property’s lawn is looking a bit sparse or bare, reseeding or incorporating some sod is one of the quickest ways to get your property’s backyard to live up to expectations.
Improve the property’s backyard affordably
Other relatively affordable backyard upgrades include outdoor lighting and outdoor gathering spaces. Why not skip the fancy flower beds and upgrade your property’s yard with some features that your tenant can enjoy for gatherings or evening activities? These upgrades are not only cost-effective but also add significant value to your property.
Adding a simple patio (or deck) may sound like a luxury upgrade, but you may create more appeal by offering a rental home with a ready-made space for gathering with family and friends. Furthermore, research has proved that, unlike other backyard amenities, 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 add, and it has benefits beyond simple appearance. Renters will appreciate the convenience and peace of mind that comes with having backyard lighting. Options like motion-sensing or energy-efficient lighting fixtures. Outdoor lighting will also complement any outdoor gathering spaces your rental property has, adding to the home’s curb appeal after dark.
Whichever of the improvements you choose for your Emeryville rental property’s backyard, it is critical to recognize which ones will provide the best return on your investment. This is key to successful property management. By choosing premium amenities with a low-maintenance design, you can attract the type of renters you want while also boosting your property values. As a property owner, you have the power to shape a backyard that tenants are sure to enjoy, and that will enhance your property’s appeal.
At Real Property Management Pacific, we’re all about helping you plan a backyard design that gets the most bang for your money. We have the inside scoop on which backyard upgrades can boost your rental income. Allow us to assist you in preparing your Emeryville property to create a tenant-friendly backyard. For extra details, don’t hesitate to contact us online or call us at 510-900-4544.
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