What Amenities Do You Really Need as a Renter?

By
Real Estate Agent with Nesbitt Realty at Condo Alexandria 0225-089134

Although many of the amenities offered by rental properties are not exactly necessary to live, there are some amenities which some renters would not consider renting a property without. An exercise room is one such example. While this is certainly not necessary, many renters prefer having this option. Without an onsite exercise facility, many renters would have to consider joining a gym for their exercise needs. This will likely increase the monthly expenses significantly and, depending on the location, may also make it inconvenient for the renter to visit the gym. An onsite exercise is significantly more convenient than traveling to a gym in another location. For this reason many renters consider the added expense associated with an onsite exercise facility to be worthwhile.

Some renters may even consider only renting an apartment in a facility that has a pool. Although this is not a necessity some renters, especially in warm climates, might only consider living in a rental property where there is access to a pool especially if the majority of rental properties include this amenity.

What Amenities Do You Really Want?

In addition to the amenities a renter feels he needs, there are some amenities which may be desired as opposed to necessary. A movie theater may be an example of this type of amenity. Renters may not decide against a rental property which does not have this feature but may be more inclined to select a property that has this feature as opposed to one that does not as long as the price is comparable.

A meeting space may be another example of an amenity which may not be required but that many renters are willing to pay extra to have. Renters who entertain frequently may enjoy this type of amenity because it affords them extra space for entertaining. They may be able to easily invite eight or more people over for a dinner party if there is meeting space available but this might not be possible if the renter were confined to their apartment.

Montebello and Watergate of Landmark are examples of properties that are loaded with amenities. Abingdon Row and Prince Street Club on the other hand offer very few amenities.

Are You Paying Too Much for Amenities?

While some amenities may be viewed as necessary and others may merely be viewed as worthwhile and still others may be viewed as superfluous, the most important decision renters will have to make is how much they are willing to pay for these amenities. Comparison shopping may be the best way to determine whether or not certain amenities are financially worthwhile.

Renters who are considering apartments of similar size in the same geographic region should consider the amenities offered as well as the price of the apartment. Apartments of similar size in the same area should be fairly close in price. However, an apartment which offers more advanced amenities might be significantly higher in price. Renters should list the available amenities and use this information in making cost comparisons. This information can be used to determine whether or not the renter is willing to pay a higher price for such amenities. Renters who conclude the additional cost is not warranted have determined that the prices of the amenities are not worthwhile to them and they are likely to choose the more affordable apartment which features fewer amenities.

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Charita Cadenhead
Keller Williams Realty - Birmingham, AL
Serving Jefferson and Shelby Counties (Alabama)

Will you have certainly listed some amenities that never crossed my mind (such as a movie theater). Although not buying, renters have every expectation that all of their needs and desires will be met when choosing a place to call home just like buyers do.

Long gone are the days where the only necessary features are how many bedrooms and bathrooms a living space has.

Jan 13, 2017 07:49 AM #1
Rainmaker
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Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

Not something I've ever thought about because I own a home. Very interesting!

Jan 13, 2017 11:32 AM #2
Rainmaker
1,098,068
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Will

A debate that will go on for a long time. Being I am getting ready to sale my home and consider renting, something definitely to start considering??

cheers cvc

Jan 13, 2017 01:37 PM #3
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