How Property Management Can Landscape A Real Estate Rental And Improve Profits

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Property management experts sometimes get a beautiful real estate rental that is difficult to keep occupied and never seems to make an adequate profit.If you have one and wonder why, drive over and see what you notice about the exterior and the impression it gives you.Your target tenants might be approaching the apartment or house that sounded like Park Place only to find something different when they arrive.Landscaping may just be exactly what your rental property needs to attract the right tenants and reach profit goals.An investment like this doesn't need to be huge to make a significant difference.

Decide What Goes

Property management needs to determine what elements are taking away from the value and overall look of the unit.

It could be trim or a fence that needs paint, a dying bush by the front door, or an intimidating path that doesn't do much to welcome visitors.Even just one of these things can make the building appear poorly maintained, even if it is perfect inside.See what others in the area are doing to make their homes appealing and note the style and feel of the neighborhood.

Deciding On Improvements

Color choices are an important element in landscaping for a profitable real estate rental.

All of the paint, vegetation, and elements you select for the yard should fit into the area while still making your property stand out.Warm colors are popular for apartments and houses because of the welcoming feel they create.Texture and shape in vegetation and other components should add interest to the space and give the yard some life.For example, select a bush that blooms to frame in the yard and matching flowering perennials.Also, replace or repaint the front door to make it appear updated and match the rest of the design.

Components of the yard, like the path to the door, don't seem that important until you make a slight change.Replace the material on short walkways with a different set of stones or new cement.Make longer paths into an interesting shape rather than sticking with the same straight walkway.Faux rock coating is perfect for updating the yard without spending a lot of money.Finally, property management can add accessories such as large planters, statues, or an old-fashioned yard light to polish the look.

Save On Long Term Expenses

Sometimes property management expertly improves the landscaping and visual appeal of a real estate rental, but turns a good investment into a bad one in the process.

How?Adding high maintenance elements that require a large amount of time and money to upkeep adds to the initial cost, making it a bad investment choice.When undertaking a project like this, make your choices carefully.Low maintenance vegetation that matches your region is necessary to save time and materials.For example, you can select perennials instead of annuals, mulch or filler plants to eliminate weeds, and drought resistant species to keep water costs down.For an apartment or condo building, save money on utilities by adding coniferous trees to block the sun in the hot weather and let in the sunshine in the colder months.

Potential tenants will assess the real estate rental within seconds of seeing it on the street.This makes it extremely important that their first impression is a positive one that invites them to see what else the real estate rental has to offer.Landscaping doesn't have to be a large investment for the property management to notice the difference.Even the smallest changes can improve the building's bottom line and get you on the way to success.
About the Author

Christine O'Kelly writes for Beal Property, LLC, a Chicago property management company.

Beal Properties Chicago has managed several real estate rental properties in the historic lakeside neighborhoods for more than 80 years.

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