Adding value to your apartment intrigues potential renters and allows you to stand out among other properties. Start by keeping the outside clean; then, work to upgrade the inside. You can enhance various factors ranging from technology to appliances.
Boost Curb Appeal
Look around the property for areas you need to clean or update. For instance, how does the landscaping look? Potential tenants evaluate the outside of rental properties as they shop for a home. When shrubbery is overgrown or walkways have trash on them, many expect the inside of an apartment to look similar.
Patios and Balconies
A practical way to add value to your apartment building is by refurbishing your patios. Evaluate each complex’s balcony to see what needs repair. If apartments have decks or balconies made of wood, you may need to stain or replace them.
Additionally, check for any problems in the fencing. Are there loose panels or posts? If so, hire a company to fix this. Tenants want privacy.
Technology always changes, but try to offer what’s most recent to keep all of your tenants feeling comfortable. Begin by adding security systems to each complex—renters will feel safer knowing they have a great security system. Also, make sure they always have great cellular signal, so they don't feel isolated from friends and family while living in your apartments.
Install Smart Locks
People want to know where their rent money goes, so ensure the complex has good security. If tenants don’t feel safe in your apartments or have to worry about neighbors stealing their deliveries, they’re more likely to move out. To prevent this, add Smart Locks to the complexes and consider installing cameras in the hallways.
Get a Cellular Signal Booster
Purchase a cellular signal booster to ensure your renters don’t have to worry about dropped calls. Often, apartments are made of concrete or brick, which are among the most common building materials to cause a weak signal. However, many factors can cause a weak signal, including:
Some of these factors may affect what kind of booster you purchase. For example, you’ll need to buy one capable of handling many users so that digital traffic isn’t a remaining concern after installing the booster.
What Is a Cellular Signal Booster?
A signal booster is a piece of technology made up of three parts that work together to enhance a phone's signal, so dropped calls become a thing of the past! The main three components include:
Exterior antenna: searches for a signal and captures reception
Amplifier: enhances the signal by amplifying it
Interior antenna: rebroadcasts the improved signal throughout the space
Before you buy a cellular signal booster, make sure you purchase the right one, as well as the proper antennas. There are signal boosters for home, commercial, and vehicle use. Chances are, you’ll need one for commercial use to ensure it has the strength to reach all of your tenants.
Get the Right Outdoor Antenna
Make sure you buy the proper outdoor antenna based on your location. You’ll either buy an omnidirectional antenna or a uni-directional antenna.
Omnidirectional antenna: this antenna searches 360 degrees for the best signal and targets multiple carriers. However, it can become overwhelmed since it picks up any available signal.
Directional antenna: this antenna points directly at the nearest tower and searches 50 to 70 degrees to find the best signal. It is sensitive to frequency waves.
Buy what’s best for your area; if you notice many tenants complain about having a poor signal, narrow down the cause, so you can buy the best outdoor antenna.
Get the Right Indoor Antenna
You’ll also want to get the right indoor antenna. The different types of indoor antennas include dome antennas and panel antennas. Typically, a dome antenna works best for apartment buildings.
To ensure tenants get a great cellular signal, install the dome antenna on each floor, as this will communicate with the outdoor antenna and provide your renters with the best signal! As you make installations, keep in mind that dome antennas need access space behind them and are usually larger. You’ll have to mount it to the ceiling so that it broadcasts the signal evenly.
If you’re looking for a home cell phone booster in Canada, shop at SureCall Boosters—they sell cellular signal boosters for home, apartment, and commercial use in Canada.
Have Good Parking
If there’s one thing apartment dwellers complain about, it’s bad parking. One of the most practical ways to add value to your apartment building is to increase parking or make it more accessible for tenants.
You may not want to charge extra for parking, but you could do so for premium parking. Most want to park as close to the complex as possible. Add value to your building and increase revenue by offering a few ideal spots at a fair price.
Offer Desirable Amenities
As you consider what to offer clients, think about what’s practical. Make upgrades that coincide with what renters want. For example, you could add a gym or storage units. Additionally, offer the essentials such as washers, dryers, and dishwashers.
Have appliances that properly function and look good. If a previous renter dented the microwave handle, repair or replace it.
Also, ensure each of your apartments comes equipped with washing and drying machines. If this isn’t possible, have washers and dryers on the premises. Some landlords increase revenue by offering washers and dryers in specific apartments at a premium price and have a laundry room for other tenants.
If you have extra space, think about adding a recreational center. Renters are more willing to pay a high fee if they see value in their apartment community. Start by adding commonly used equipment like treadmills, stationary bikes, and weight machines.
Apartments are small. An easy way many add value to their building is by offering storage units to their renters. Most of the time, people are between homes when they’re living in an apartment and may have additional furniture that doesn’t fit in their rented space.
If you want your apartment building to stand out, make upgrades. A great way to enhance the space is by adding amenities and upgrading your technology. Purchase a cellular signal booster for your building from SureCall Boosters, so renters don’t feel they have to move out because they can never call their family. Communication keeps us connected, and you want all of your tenants to feel happy and at home in your apartments.