Trending Upgrades for Austin House Rentals
Austin House Rental Upgrades | Stetson Property Management
Travis County has an almost 50/50 split of renters and homeowners. This is higher than the national average, meaning renters have higher expectations. Many renters require properties that meet their lifestyle. Think beyond the basics of upgrading flooring, wall coverings, window treatments, and curb appeal to modern amenities. The upgrades below make Austin house rentals stand out. They’re also what to prioritize when purchasing or building an investment property.
#1 Add a Flex Space
Many households have one or more residents working from home full-time or part-time. With “home” being “work”, it’s of a higher priority to have a dedicated workspace. Beyond home offices, many renters want space for a home gym, hobby studio, or home theater.
Think beyond utilizing a bedroom as a flex space, to:
- Finishing the attic or basement, creating one or more rooms.
- Adding a single-room shed or structure to the backyard.
- Expanding the home to include a small office, den, or extra bedroom.
- Adding an extra garage that can double as storage and flex space.
#2 Co-Living Friendly Rentals
Another reason to prioritize flex spaces is because co-living is on the rise. Some singles, couples, and small families are renting out properties with the intention of long-term cohabitation. For some, cost-savings is a motivator, for others it’s the sense of community.
Keep this in mind when investing in upgrades, prioritizing storage, additional bathrooms, outdoor living areas, and flex space. Maybe even add a studio apartment in the basement, attic, or above the garage.
#3 Indoor/Outdoor Flow
Expanding outdoor living spaces and creating a flow between the house and the yard is another trending upgrade for Austin house rentals.
This includes:
Adding or upgrading the deck, front porch, or back patio.
Adding or upgrading the hot tub or swimming pool.
Adding or upgrading an outdoor kitchen or barbeque area.
Replacing your sliding door with folding doors that create flow.
Adding a full outdoor living room with a TV/movie projector.
Adding swings, a slide, or a jungle gym for kids to play.
#4 Luxury Kitchens
The kitchen remains the heart of the home. There’s a shift toward cooking and entertaining at home. Home chefs want top-of-the-line appliances, lots of counter space, and plenty of storage. Maybe even a pantry and room for an extra wide refrigerator.
Bonus points if there’s space for both a dining room and barstools or both a casual and a formal dining room.
#5 Pet-Friendly Amenities
Approximately 77% of rental properties in Austin allow pets, which is 22% above the national average. This is mostly a mix of cats and dogs. So, consider things that will make your home pet-friendly.
Pet-friendly amenities include:
Adding a mudroom from the garage.
Adding a doggy door to the front, side, or back doors.
Adding a dog and cat-proof fence around the backyard.
Leaving space for litter boxes in the laundry room and bathrooms.
#6 Green Upgrades
Environmentally conscious renters appreciate the green upgrades you make to your home. They’re also something many renters will pay a bit extra for. Your green upgrades may be eligible for a Tax Credit.
Top upgrades include:
EV charging station
Energy-efficient windows and doors
Energy-efficient appliances
Green roofing
Solar panels
Upgraded insulation
#7 Smart Technology and Luxury Amenities
Consider investments that support tenant needs for convenience, connectivity, and organization.
This might include:
Smart home upgrades
Home automation
Semi-or fully furnishing (maybe provide patio furniture)
Include internet and other utilities or services with rent
Upgrade to a modern/customizable closet system
Pickleball net and gear or outdoor TV/movie projector
Need Help Determining Your Austin House Rental Upgrades?
One of the many services Stetson Property Management provides with our services is advising on the most meaningful rental property home improvements. Reach out today to learn more about our property-optimizing services!
