The rental market can fluctuate in an area due to different areas in a city or town becoming “trendy” during a certain point. One thing that does not fluctuate is that people love entertaining space. The ability to have people come over for a cookout or a party is something that many renters crave. Most rental units are known for very little entertaining space and the space for entertaining is shared with the rest of the apartment units. The bonus of having a home is that there is the ability to be able to create entertaining space without impeding on the neighbors or having the apartment association prevent renovations. The following are ideas to help increase entertaining space in the hopes of making the home less trouble to rent.
Being able to grill or cook outside can be a huge help when entertaining guests. Avoiding guests being in the home for too long can help reduce cleanup time as well as gives the renter the opportunity to enjoy great weather outside. A great addition can be picking out one of many options of outdoor pizza ovens. The ability to cook pizza in a matter of minutes can be a great way to feed a party as well as yourself when not hosting company. Baked sandwiches and other oven cooked foods can also be cooked.
Decking of Any Kind
A nice deck can be the perfect place to set up a grill or outdoor kitchen/refrigerator. The most important thing when investing in an upgraded or new deck is to hire a professional company to do so. Work done by an amateur or someone trying to cut corners can lead to potential long term injury. You do not want a nice party with friends to turn into a lawsuit due to the deck giving way with someone hurting themselves severely.
The Ultimate Entertaining Space: The Pool
The pool is the ultimate entertaining space in those climates where it can be used for a majority of the year. Not only do kids love the pool but so do adults whether it is enjoying a warm fire or night under the stars next to the pool or in it. Putting a pool in can be an added expense but it will also increase the value of the home if you decide to sell in the coming years. Everyone from college students to families will be interested in renting a home with its own private pool.
Opening The Kitchen Up To The Living Space
Anybody who has viewed a home buying television show understands that most people want an open concept in a home. People during gatherings tend to congregate in the kitchen so making this open to the main living area can be the perfect setting to help rent a home. When showing renters this space make sure to highlight this area as most people tend to think about having family or friends over to understand how practical a space might be. This might seem like a large renovation but every month that a renter has not signed a lease the home is losing you money.
Entertaining space can be the perfect addition to the home you are trying to rent. People want to entertain family and friends regularly so give them this opportunity in your rental property.