The Hidden Benefits of Landscaping and Décor
Digested from “Property Management: Cost Saving Tips on Landscaping, Design, & Décor.”
San Diego Premier Property Management. Friscia, Salvatore.
In property management, first impressions matter. A prospect’s opinion of your property begins to form the moment they pull up, and can determine whether a lease is signed or lost to the competition. To draw new renters into a place they can envision calling home, you need to create an environment that is visually appealing from the inside out.
While some property management companies have extensive budgets allocated for landscaping and design, you can master both areas without breaking the bank—and even take advantage of cost-saving measures during the process.
Here are some key ways to improve your landscaping and décor and reap financial benefits:
Establish Curb Appeal
Curb appeal is key for attracting new renters, but rejuvenating outdated landscapes can also improve your bottom line. Concerned about the time and cost of maintaining your landscaping? Consider adding drought-resistant plants or even decorative rock to lessen the amount of watering needed and reduce utility expenses. More and more properties are going green in the multifamily space, something that’s been a proven selling point for many prospects. Implement sustainable practices, such as a drought runoff system, to benefit both the environment and your bank account.
Create an Inviting Atmosphere
When a prospective renter steps inside your property for the first time, what type of atmosphere awaits them? A prospect should be able to easily visualize themselves living in the unit, so making the décor versatile is key. Neutral but warm paint colors help transform a space and create a welcoming feel. You can also brighten up the space on a budget by adding unit light fixtures. As an extra incentive for loyal renters to sign on for another year, you may offer décor incentives to those who renew their leases.
Attending to out-of-date indoor and outdoor areas you make a great first impression for new renters and improve your ROI. Check out full insights on landscaping and design practices from San Diego Premier Property Management!