The Chicago rental market is heating up and is becoming very competitive. Outdoor space is one of the most requested features for apartment seekers this season. Instead of investing in kitchens and baths, which may have already been upgraded, why not address the outdoor living space?
Start with Seating
An outdoor living space must have seating, so start here. Choose stylish, yet durable seating, such as something made out of wrought iron, so it will withstand the normal wear and tear of tenant use. Make sure to arrange the seating in an inviting way before a potential tenant tours the property.
Add Cooking Space
Purchase a grill to give tenants a place to cook outdoors. Consider making the grill a permanent fixture in the outdoor living environment so that it becomes part of the property, making it something a tenant will consider a true asset to the home. If you have a multifamily property, you can create one outdoor cooking space for the tenants to share. You can also add a fire pit for evenings filled with s’mores and roasted hot dogs around a warm fire. These small details are often overlooked, but anything that separates you from your competition is a plus!
Add some lighting outdoors so that the entertainment can continue after dark. Lighting around the outdoor living space is a great option, and you can also add lighting to the front of the property to draw attention and improve security at night.
Make It Pretty
Finally, take the time to make the outdoor space look good! While extensive landscaping may require more maintenance than you are able to commit to, you can add some shrubs and perennials that will grow with minimal care, then add a water feature or fountain to give the space some character. A little bit of curb appeal goes a long way to draw the eyes of more potential renters.
The Apartment Source’s Landlord Services Department would be happy to tour your property and give advice on your outdoor space. As always, we are happy to give you a free market analysis of your rental property, call us @ 773.404.9900 or email us @ firstname.lastname@example.org.