Your Bonita Springs rental property’s backyard has an important role in its general appearance. But creating your dream backyard and making a functional, attractive are two very dissimilar things. The latter will enable you to maximize your rental rates and increase your property’s value, while the former might not do either.
Rather than investing in an extravagant backyard for a rental property, the best choice is to create an appealing, low-maintenance yard that tenants will be thankful for and find easy to handle.
How much landscaping is too much?
One of the biggest mistakes you can make as a rental property owner is to make too much of something on the landscaping. Authorities in the field recommend spending at most 10 percent of the property’s value in landscaping. But you don’t have to reach that high except if there is a tangible benefit to doing so. A residence with an extensively landscaped yard won’t gain as much extra rent as you might believe. Indeed, because of the additional upkeep required, overdoing it on the landscaping may drive away prospective tenants.
To keep your property attractive and profitable, focus on backyard upgrades that offer the highest returns for the investment. The first step to a beautiful backyard isn’t even an upgrade at all. Preferably, pay attention to improving the quality of what’s currently there. A green, neatly trimmed lawn and well-cared-for greenery will enhance the curb appeal and help boost the value of your property. If your property’s lawn is looking a bit sparse or dull, reseeding or putting some sod is one of the quickest ways to get your property’s backyard stand out.
Improve the property’s backyard affordably
Outdoor gathering areas and outdoor lightings are two more relatively affordable backyard upgrades. Instead of filling your property’s yard with excessive flower-filled planter beds, focus on upgrading your property’s yard with amenities that could be utilized by your tenant for parties or nighttime events. These improvements are not only cost-effective but also add significant value to your property.
Adding a simple patio (or deck) can seem like a significant improvement, but you may create more desirability by offering a rental home with a ready-made space for socializing with relatives and friends. In addition, research shows that, in contrast to 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 do, and it has benefits beyond simple appearance. The enhance safety and utility of backyard lighting, such as motion-sensing or energy-efficient lighting fixtures, will appeal to renters. Also, exterior lighting will complement any outdoor gathering spaces your rental property has, contributing to the home’s curb appeal after dark.
Regardless of the improvements you choose for your Bonita Springs rental property’s backyard, recognizing which ones will yield the best return on your investment is a key factor of successful property management. By concentrating on exceptional amenities with a low-maintenance design, you can attract the type of renters you want while still boosting your property values. As a property owner, you have the power to shape a backyard that tenants can love and that will enhance your property’s appeal.
At Real Property Management SW Coast, we assist you in planning a backyard design that maximizes your investment earnings. We are familiar with which backyard upgrades result in higher rental rates. We can help you prepare your Bonita Springs property for a backyard that appeals to renters. For additional information, don’t hesitate to contact us online or call us at 239-790-2840.
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