Transform Small Spaces into High-Value Features in Your Rental
Most US renters would rather live in an apartment than a single-family home (54% vs 35%). So, investing in a rental property that is on the smaller side can be a good thing. If you currently have a rental property that is more “cozy” than “spacious,” we have some handy tips to make it appealing to potential tenants.
Small spaces, with the right approach, can offer high-value features that set your property apart in a competitive market. The trick is to ensure your tenants feel like they’re getting the most out of every square foot. It’s all about clever design choices, smart storage solutions, and a layout that maximizes the potential of each room.
Maximizing space in a small rental property while still offering tenants a garage
The size of your garage can be a huge deciding factor for potential tenants. Most vehicles should easily fit if you opt for a compact yet functional one-car garage (which typically measures around 20 feet long by 12 feet wide). This size ensures tenants have enough room to park their car comfortably, without sacrificing too much of your property’s valuable real estate. If space is at an even greater premium, consider custom-tailoring the garage with a half, or one-and-a-half-car garage.
If you are dealing with a smaller space allowance for a garage, a 10-foot wide option, which might not work for a traditional single-car setup, could be reimagined as a shed or a small storage unit with double doors. This could be ideal for tenants who need space for motorcycles, bikes, or additional storage!
Creating an illusion of more room
This one is a bit of a trick, but it seriously increases the comfort levels of a small space. Placing a large mirror opposite a window amplifies the natural light streaming in and reflects the outdoor scenery, making the space feel more expansive and open. Bouncing light around a property with mirrors is especially beneficial in smaller areas where light might be limited.
Adding mirrors to the entryway is a great way to ensure the first impression of your rental is a good one. Mirrors make it appear more spacious and set a positive tone for the rest of the property. A well-placed mirror in narrow hallways or compact entryways can visually expand the area, making it feel more inviting for tenants.
Hidden storage makes the most of limited space in your rental
Furniture that doubles as storage, like sofa beds and ottomans, is great, but built-in shelving units are the long-term way to improve small spaces. Installing custom shelves in unused wall spaces, alcoves, or corners can transform wasted areas into valuable storage spots, adding a sleek, custom look that can significantly boost your property’s appeal. Built-in wardrobes are another great addition, providing ample storage space and adding value for prospective buyers and tenants.
A hidden washer and dryer unit is another practical solution for integrating laundry facilities without compromising space. By cleverly incorporating these appliances into your rental property’s design, your tenants can enjoy the convenience of at-home laundry without giving up precious square footage. These space-saving solutions optimize the functionality of small living areas and contribute to a more organized and enjoyable living environment, all big advantages for your property in the competitive rental market.
Sometimes it’s good to go big and bold
Large elements can actually enhance the overall feel of a space. For instance, placing a luxurious king bed in a petite bedroom can make a striking focal point. A floating headboard that doubles as a shelf adds a touch of style and practical storage, making the room feel more expansive and organized.
This approach isn’t limited to bedrooms—living rooms can also benefit from larger, more versatile furniture. Instead of slim-line chairs and compact sofas, use modular pieces that can be rearranged. A large, modular sofa can be configured to form a spacious lounging area perfect for relaxing or entertaining.
Remember, a well-designed rental, whether for long-term or vacation use, can significantly boost its appeal and value. Consider every section of your property and ask the question, “Is this adding value to my investment?” The answer should always be yes!
Make maintenance headaches a thing of the past
RentRedi’s Premium Maintenance service takes the stress out of property upkeep. Instead of fielding late-night repair calls or disrupting your workday, tenants can submit maintenance requests directly through our platform. From there, we take care of everything while you have full visibility from your dashboard. Monitor all maintenance activities without lifting a finger with a streamlined process that offers true peace of mind.