With its vibrant music scene, strong job market, and diverse attractions, Nashville is one of the best places to live in Tennessee.
The city’s booming economy and population growth make it a hotspot for real estate investors. Thriving tourism, major employers, and universities drive rental demand, while quality amenities ensure property values continue to appreciate.
However, due to high tenant demand, Nashville's rental market is more competitive than ever. To fill vacancies quickly and welcome new tenants, your rental must stand out.
Investing in amenities renters love is the way to go. Don’t know where to start? We’ve got you covered!
In this article, the experts at Brentwood Square Management Services, Inc. will list the top amenities renters in Nashville can’t resist. Keep reading to learn more!
Top Amenities Renters Love
Investing in quality amenities can make your rental more appealing, helping you attract tenants faster and keep them longer.
Even with rising interest rates, rental properties remain a strong investment. When tenants feel comfortable and well cared for, they’re more likely to renew leases, reducing turnover and ensuring steady income. Plus, properties with great amenities often appreciate in value, boosting resale potential and attracting investors.
Here are eight quality amenities that can help you achieve a balance of tenant satisfaction, operational efficiency, and property value growth, maximizing the overall profitability of your rental business:
In-Unit Laundry
Convenience is a top priority for many tenants. Having an in-unit washer and dryer eliminates the need for trips to laundromats or shared laundry spaces.
This amenity is especially appealing to families and professionals who juggle busy schedules. After all, these tenants value the privacy and time-saving aspects of doing laundry at home.
Investing in an in-unit laundry system is a big investment but it’ll significantly increase the appeal and profitability of your Nashville rental property.
You can offset utility costs by investing in energy-efficient appliances. Additionally, you can earn an additional stream of income by installing coin-operated machines on your property.
Pet-Friendly Accommodations
Investing in pet-friendly amenities for your Nashville rental can make it more appealing to tenants with pets, a growing demographic in the local rental market. Here are several ways you can make your rental more attractive to pet owners:
- Durable, Pet-Friendly Flooring. Install scratch-resistant, easy-to-clean flooring such as vinyl, laminate, or tile. These materials are better suited for handling the wear and tear caused by pets and make cleaning up accidents or shedding more manageable.
- Fenced Yards or Outdoor Spaces. Consider providing a fenced yard or secure outdoor areas for pets to play and exercise safely. Tenants with dogs especially value having a private space for their pets to roam.
- Pet Waste Stations. For multifamily properties, installing pet waste stations with bag dispensers and trash bins makes it easier for tenants to clean up after their pets, keeping the property tidy and hygienic.
- Pet-Friendly Landscaping. Use durable, pet-safe grass and plants in outdoor spaces. Avoid using toxic plants or materials in landscaping to create a safe environment for all pets.
- Pet Policies and Perks. Clearly define pet policies in the lease, such as acceptable pet types, sizes, and any pet fees. Offering perks like waived pet deposits or pet welcome kits with toys and treats can make tenants feel valued.
Modern Kitchens
They say a kitchen is the heart of a home. A functional, stylish kitchen can be the centerpiece of your rental home, helping you attract a wider pool of prospective tenants.
Features like stainless steel appliances, ample storage, and updated countertops appeal to tenants who enjoy cooking or hosting. A modern kitchen provides both aesthetic and practical benefits to tenants, enhancing the overall living experience and reducing turnover rates.
Outdoor Areas
Spending time outdoors is incredibly beneficial for our mental health. Access to private balconies, patios, or shared outdoor spaces like gardens and courtyards allows tenants to relax and entertain outdoors.
These spaces are especially popular among tenants with families or pets, providing additional areas to enjoy.
By furnishing your property’s outdoor spaces with seating, plants, adequate lighting, playgrounds, or BBQ grills you can give your Nashville rental a much-needed competitive boost.
Smart Home Features
Tenants are always looking for amenities that will make their lives easier.
Investing in smart home features such as self-regulating thermostats, motion-activated security cameras, keyless entry, and app-controlled lighting will add a layer of modern convenience and security to your Nashville rental. These features will help you appeal to tech-savvy tenants.
Secure Parking or Garage Space
Tenants value secure, dedicated parking options for both convenience and safety. A covered garage can protect their vehicles from weather and theft, adding peace of mind.
Plus, having assigned parking spots can reduce disputes among tenants in multi-family homes. This will not only make your life as a landlord easier but will also help you attract a wide pool of prospective tenants.
Energy-Efficient Features
Young renters are always looking for ways to minimize their carbon footprint and be more eco-friendly.
By investing in energy-efficient appliances, high-efficiency HVAC systems, smart thermostats, LED lighting, and tankless water heaters you can appeal to eco-conscious tenants.
Accessibility Features
Accessible features create a welcoming and functional living environment for all kinds of tenants, from people with disabilities to older tenants with mobility issues.
Including features such as ramps, widened doorways, grab bars in bathrooms, and lever-style door handles is not expensive but can have a huge impact. Plus, with easy rent collection options, you can enhance convenience for your tenants, making them more likely to stay longer.
Bottom Line
Investing in the right amenities can help you not only attract high-quality renters but also increase retention rates and rental income.
High-quality amenities such as modern appliances, in-unit washers and dryers, secure parking, or outdoor areas, energy-efficient appliances, and pet-friendly accommodations can set your property apart in a competitive rental market like Nashville’s.
Tenants are often willing to pay a premium for added comfort and convenience, translating into higher rental rates. So, you can rest assured that the investment will be worth it!
Want to learn more tactics to attract a larger tenant pool to your Nashville rental? Contact Brentwood Square Management Services, Inc. today!
