The way people live and work has experienced a major shift in the past few years, and with more professionals working from home than ever before, rental properties must adapt accordingly. Remote workers are looking for rental homes that improve their productivity and comfort, making properties that cater to this lifestyle in high demand. This demographic of renters opens fresh prospects to rental property owners and managers. Indeed, making suitable alterations can set your rental apart. Keep scrolling to discover beneficial, economical enhancements that will appeal to remote workers and help you maximize your property’s rental potential.
The Growing Demand for Remote-Work-Friendly Rentals
Remote work has gained substantial momentum in recent years, as more professionals than ever before are working full-time from their homes. This has generated a growing demand for remote-work-friendly rental homes that offer the features and amenities remote workers need. In several markets, rental properties suitable for remote workers tend to rent faster and retain tenants longer. An approach to capitalize on the current situation is to invest in strategic modifications that can increase your property values and draw in high-quality tenants who work from home.
Must-Have Modifications for Remote Workers
To appeal directly to renters who work remotely, consider making and promoting the following cost-effective upgrades to your rental property:
- Dedicated Workspaces: If your rental has a spare room, loft, den, or other ambiguous location, turn it into a designated office nook or flex space for productivity. This may involve simple staging and description, or you may need to invest in some minor renovations to enhance the space effectively. For instance, some built-in shelving or a desk could be enough to turn a nook into a remote-work office.
- Good Lighting & Soundproofing: Assess the lighting and acoustics as you create a workspace. Create a workspace with good natural light or install lighting that you can adjust for individual preference. If echoing or outside noise is an issue, consider soundproofing the space as much as possible with fabrics, space dividers, or extra insulation.
- Wellness Features: Aside from productivity, remote workers are often looking for homes supporting their well-being. Ergonomic elements like standing desks and floor mats can serve as a cost-effective improvement that can attract tenants to a property. Furthermore, it would be advantageous to determine spaces that could be used as meditation or exercise areas.
- High-Speed Internet & Connectivity: In addition to office space, investing in high-speed internet service and hard-wiring the house for strong connectivity is advisable. Many remote workers need more than basic Wi-Fi to do their jobs.
- Smart Home Tech: Assess the feasibility ofupgrading your rental property with smart devices, provided you possess sufficient funds. Smart thermostats, keyless entry, and voice-activated controls are effective innovations that will give your property a competitive edge.
Upgrade Your Rental to Meet Today’s Demand
Recognizing the demand for remote-work-friendly rental properties is a prudent strategy for today’s rental property owners and managers. Indeed, making small yet substantial changes to your property and your marketing to draw in the desirable, long-term tenants you seek.
Are you seeking to optimize your rental for modern tenants further? Contact your local Real Property Management office for further details on how you can create a rental property that appeals to today’s renters. For extraordinary property management services in Multnomah County and the nearby areas, Real Property Management Expand is here to give assistance. Call us at 971-229-4555 or contact us online today.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
