5 Essential Structures to Improve Large Rental Properties

If you are an investment property owner in America, you should expect an ROI between 8% and 12%. However, we wonder if these numbers exist because most landlords think running a rental property is just about collecting checks and calling it a day. Can the return be higher if we are more proactive?

When did you last look at your rental property through a tenant’s eyes? The market is competitive and ever-changing. Tenants are looking for more than just walls and a roof. They’re hunting for properties that feel modern, secure, and well-maintained. If you fail to get up to date with the market situation, you might fall behind and lose your profit margin.

If you’re wondering how to get more competitive in the market, think of structural upgrades. They can ensure better functionality, thus increasing the cost of the rent and improving tenant satisfaction. Here are some improvement ideas you might consider:

Adding spacious, well-ventilated shelter

If you’re running a large rental property, chances are your tenants need functional space. So, if you don’t yet have a proper storage or workshop area, you should consider adding it to your property. One of the most convenient and rentable ways of doing this is to build a pole barn. 

This upgrade can boost your property’s market value while giving your tenants significant space for storage or extended living and working areas.

Barns are a worthy investment due to their adaptability. Today’s designs offer remarkable flexibility, letting the space be a garage one day, then a horse stable or home office the next. Modern barns are built tough so they can handle harsh weather while keeping maintenance headaches to a minimum – an investment addition to your property that keeps working for you year after year.

A thoughtfully designed outdoor entertainment system

A simple patio is no longer enough to wow potential tenants. Today’s renters are looking for something more, and if you’ve got space, blurring the line between indoor comfort and outdoor living is always a wise investment.

The pandemic reshuffled everyone’s priorities, and a greater focus was placed on dedicated outdoor spaces at home. An outdoor entertainment hub with weatherproof speakers tucked discreetly into garden beds, a projector, and bright lighting is a surefire way to stand out. With this outdoor set-up as a home feature, you’ll be able to command higher rents and attract long-term tenants who’ll love having the ability to host friends for backyard movies or dinner parties. To reduce that all-expensive churn, the goal is to make quality tenants feel they are truly at home. An outdoor entertainment system does precisely that. 

Boosting privacy and security

A little privacy goes a long way, especially when you have a lot of space in your rental property. Tenants appreciate outdoor spaces where they can relax without feeling on display. Adding fencing, tall hedges, or privacy screens to carve out secluded areas makes residents feel more secure and comfortable. Once again, improving the overall living experience appeals to renters willing to pay a bit extra for that added sense of security while making your property stand out in a competitive market.

Recreational amenities that help you stand out

When you have the room, adding recreational amenities that make everyday life more enjoyable is like putting money in the bank – despite the upfront cost. A swimming pool, outdoor gym, or a small basketball court can create a sought-after residence that puts potential tenants in a bidding war.

Well-maintained amenities allow you to justify higher rental rates while keeping your property in demand. The key is installing features that enhance the living experience without creating excessive maintenance costs.

Practical interior upgrades 

A full bathroom is great, but sometimes a half-bath is a more thoughtful use of space. If an existing bathroom is due for a renovation, consider removing the bathtub and installing a shower unit instead. A compact sink and toilet can also help maximize space while maintaining functionality. Sticking to the existing plumbing layout is key—moving pipes around can quickly eat into your budget. 

Many older rental properties weren’t designed with laundry facilities in mind, but adding them can make a big difference. Integrating a front-loading washing machine into a kitchen cupboard is a clever solution if there’s no dedicated laundry space. Installing proper connections allows tenants to bring their own machine, or you can provide one and adjust rent accordingly. Convenience is a significant selling point in today’s rental market, and minor upgrades like these can make your property more desirable while justifying a higher rental price.

Being the best landlord you can be

The RentRedi platform has been built with feedback directly from the landlords using the product. Managing your rentals becomes much easier when you use our high-quality, affordable, innovative tech. Plus, our team is here to give you world-class support so you can maximize your returns and become everyone’s favorite landlord.