Check out this graphic from the California Association of Realtors.
Back Yard Landscaping is important because some of these people also rent as well. While this graphic applies to Home Buyers, trust me as a property manager and investor with 35 years of experience, don’t ignore the back yard for your renters.
A back yard with patios and landscaping is a cheap addition to “living space”. With the great weather we have here, it makes sense to give the people who rent from you more value don’t you think…?
So if you want more money from your rental investment, fix up the back yard and watch how much your tenants appreciate it because they will pay you back with higher rents.
Click here for a picture of the back yard landscaping of a Duplex we manage for an investor that took our advice. In a few more years the shrubs around this yard will provide a lot more shade, privacy and of course more value if they ever decide to sell.
That is because they get more rent then other properties like this that do not have this upgrade.
Let me know what you think.
In the mean time…?
Make it a Great Day…!
Ed Favinger, Broker CRS, GRI, SFR, CDPE
Related articles
- 5 things real homeowners wish they had known before becoming landlords (businessinsider.com)
- California’s Housing Crisis And Long Commutes Are Slowing Its Progress On Climate (fastcompany.com)
- Residential Investors Get Better Returns with Sacramento Duplexes (TheyCallMeMrEd.com)