Top 5 Most Sought-After Apartment Features
Apartment hunting is no easy feat, and there are a multitude of considerations for potential renters searching for a cozy place to call their own. For builders, complex owners and investors, being in-tune with these wants and needs can mean a greater ROI and happier renters. Amenities inside and outside of a unit can be a determining factor in someone’s decision to sign a lease – consider private parking: it might be a deal breaker for one renter, but not on the radar of another. Keeping amenities and important features in mind when designing an apartment is a surefire way to ensure it gets leased as soon as it is available (and for above market value).
In-Unit Laundry
Renters need in-unit laundry like they need air to breathe – who wants to schlep an entire closet worth of clothing down the street to the laundromat to waste an afternoon? While it may be a hassle to find space for and install, adding in-unit laundry can be a make-or-break situation for some renters. Even if in-unit washer and dryers are out of your reach, consider adding a laundry room to your building, or better yet, one on each floor. For those renters with laundry on their must have list, even having a couple of units in the building may be enough to sway them to snag the apartment.
Storage Space
Another key feature that is important to a lot of renters is storage space. Because apartments don’t have personal garages, where a traditional home would offer storage space, renters are left puzzled trying to figure out what to do with their excess belongings. Even by just adding a closet or two to the unit, that can be enough for renters to see storage potential for their belongings. If space is an issue, consider offering storage units or lockers in the building, even if it is not in-unit, renters know their holiday decor and old photo albums are secure.
Updated Appliances
Updated appliances in an apartment may seem a bit trivial for a rental, but renters today that are expecting stainless steel could be deterred from a unit with outdated appliances. While that white fridge may be a workhorse, it could prevent your perfect renter from signing a lease. If there isn’t quite enough in the budget to fully upgrade the appliances, opt for used appliances that have a modern aesthetic to them, which will satisfy those picky renters.
Kitchen Faucets and Bathroom Finishes that Feel Luxurious Regardless of Price
Even if they are not written explicitly on a renters must have list, finishes are something that really stand out to renters when viewing a potential unit. Kitchen faucets and bathroom finishes specifically have a huge bearing on if a unit appears luxurious to potential renters. Adding in finishes like a pull down kitchen faucet (like the Pioneer Single Handle Pre-Rinse Pull-Down Kitchen Faucet) in the kitchen, or a rainfall showerhead (like the Pioneer Single Function Rain Showerhead) in the bathroom, can make all the difference.
Large Windows + Natural Light
Have you ever been in an apartment that felt more like a cave than a living space? Large windows and natural light bring air and life into a unit, and are top of the list for most renters. Since the work from home movement, there are more people spending all day in their apartments than ever, and ensuring that there is lots of natural light throughout the day can make all the difference for those at home offices. Think about which way the unit faces, and add windows in areas that receive the most amount of natural light throughout the day.
With over a third of the country renting instead of owning – keeping these amenities top of mind when designing an apartment unit or building will give your property a competitive edge in today’s rental market. Even if you are only able to incorporate a couple of these amenities, they can make all the difference to a renter who has viewed dozens of other units. Enhancing your apartment with in-unit laundry, ample storage space, updated appliances, luxury finishes and natural light will ensure it is rented in no time!
Pioneer, Olympia and Central Brass
As a trusted supplier of faucets and fixtures for over 100 years, Pioneer, Central Brass, and Olympia are here for you. Embrace the benefits of quality, availability, and speed by partnering with Pioneer, and enjoy the peace of mind that comes with knowing your project is in good hands. Transform your project or home with these beautiful and exceptionally durable faucets and accessories. All are backed by a best-in-the-industry warranty, are easy to install, and will stand the test of time.
We’ll Save You Money and Time
There are many ways to the same destination. This saying applies to multifamily housing builds just as much as to anything else in life. The ultimate goal is save as much money as possible while delivering a great finished project – that’s simply showing smart business sense. But, finding a one-off deal or sacrificing quality isn’t the only way to get a healthy ROI. We have a better way.
Pioneer works with professionals every day to develop specification packages and plans that save our valued partners both time and money, sometimes in surprising ways. It’s our goal to ensure your project meets or exceeds its expected outcome. We want to get to know you and your company and show you how we can save you money. Please reach out via our website form or call us at (800) 338-9468.
Some of our luxury finishes picks:
