One big question all North Austin property owners face is which appliances should be provided to tenants. Due to the fact that every situation is different from one another, this decision can pose some challenges. While supplying certain appliances might be the right move for some property owners, that is not always the case for every rental property. Still, comments from tenants show that there is great demand for appliances in many markets, and these household items are even expected in some places. There may be a necessity for you to give out appliances just to keep your rental competitive and justify your rental rate now and in the future. But which appliance? Here’s what the experts recommend.
Appliances (Not) Included?
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While every rental market varies, tenants are more compelled to rent a home that comes with at least a few appliances in certain areas. There are only a few tenants who are okay with the cost and inconvenience of buying and then moving in with these large and heavy appliances. A rental home that has them already will be much more attractive. In a lot of rentals, especially among single-family rental properties, tenants do not like using laundromats to do their laundry. Both are expensive and time-consuming. They are things many tenants would pay a higher rent to avoid.
Of course, from a property owner’s point of view, there are cons to the cost of the appliances and repairs and the probability of tenants damaging the machines through inappropriate use. However, you are able to have both your costs and the probability of appliance damage to a minimum by being choosing which appliances you supply.
What Tenants Want
Based on what tenants have to say, the pricey items they look for in a rental property include the refrigerator, dishwasher, stove, and microwave. Some single-family rental property owners will only supply just the last three, leaving it up to the tenant to purchase their own fridge. It’s not difficult to see why: refrigerators are one of the most expensive appliances, and they are susceptible to be replaced more often. Providing some but not all appliances may work in some instances, but it may turn potential applicants away from your property due to other aspects.
This is also true for the washer and dryer. Due to constantly being used, these two appliances typically need more maintenance and repairs than all the others added together. For this reason, professionals suggest doing some research on your local market before you decide whether to include a washer and dryer in your rental home or not. If all of the rentals in your place have them, you may need to also have them. Otherwise, you may face more challenges in renting your property, and you may even need to adjust your rental rate.
You may want to consider where to place appliances that renters do not want to use during their tenancy. Some may have their own appliances; in these instances, having a backup location to place appliances for the next renter should be done.
Legal Obligations
One final question that both property owners and tenants often ask is whether the law mandates landlords to supply appliances. Most of the time if you advertise your rental as “unfurnished,” the answer is no. Few, if any, local municipalities require landlords to supply appliances.
So the question is not a legal one. But it will aid you in maximizing your monthly cash flows. Again, being aware of your local market and what the other landlords offer in your area is key. But you should always think of working within the limits of your budget. If purchasing appliances for your rental property would create extreme difficulty, you should wait until you are in a better position to do so. For all of these reasons, selecting which appliances to provide in your rental is a choice that only you can make.
Would you like to know more about how to accurately assess your local rental market to set rental rates and make key decisions about your property? Real Property Management Longhorn can help! Contact us online or call our office to speak with a North Austin property manager today.
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