A rental property’s value highly depends on the features and amenities it can offer for occupants to enjoy. While the main focus of property investors is providing high-quality indoor living, it doesn’t mean they should completely ignore how outdoor living spaces can add value to their rental property.
The outdoor living space is a versatile place that can be utilized for Sunday brunches with family and friends or simply to unwind and get some fresh air after a long work day.
Whether the rental property is a family home with a backyard or an apartment building with a common outdoor patio, it is important to turn those spaces into a beautiful oasis that would attract tenants.
Don’t fret, though. Making outdoor spaces cozy and inviting does not need to be costly. With a bit of creativity, you can create a budget-friendly outdoor retreat.
Components of a DIY Outdoor Living Space
You can add several elements to an outdoor space to make it look visually appealing, which you can install on your own.
Furniture
Furniture pieces for outdoor spaces don’t need to be grandiose. Coffee tables and ottomans are good choices. A hammock or a bean bag could work if you want something cozier. You can usually buy good-quality outdoor furniture online or in hardware stores, thrift shops, and garage sales.
Entertainment Pieces
When your tenants have guests visiting, the outdoor space is a nice spot to socialize and hang out. That is why you should consider putting some entertainment pieces. You can set up a music player or TV. You can buy secondhand ones sold at discounted prices.
A fireplace or fire pit is also one of the cheaper options. It may take a bit of effort to build, but there are so many resources and video tutorials online that you could use as a guide.
An outdoor grill is also another good choice. Your tenants can host barbecue nights and cookouts with your neighbors.
If you are willing to increase your budget, you can opt for an outdoor jacuzzi or a small pool. That could definitely increase your property’s rental value.
Vertical Gardens
Plants and flowers can tie together different elements of your outdoor living space. A touch of nature is always a good idea for these spaces.
A popular option these days is a vertical garden. The design can save up a lot of space while still allowing you to have a lot of plants. You can have different plant choices such as fresh herbs, vines, or orchids for your vertical garden. Vertical gardens are also perfect for converting plain boring walls into an Eden of fragrant flowers.
Warm lighting
Since it’s an open area, you don’t need to have strong lighting. String lights or fairy lights are beautiful in an outdoor setting. It gives a warm and cozy vibe that’s perfect if your tenant wants to enjoy a quiet night with a glass of wine or hot cocoa. String lights can be placed in various places like balcony railings, ceilings, and posts. It’s also easy to take them down or reposition them.
Accessory Pieces
The small details are vital. Accessories are probably the most affordable elements you can add to any outdoor space. While they are not that necessary, these minor pieces can add so much to the overall aesthetic of the place. You have a lot of choices. You can add rugs, throw pillows, blankets, or table centerpieces. Bring out your creative side.
Tips you can Apply
Doing the sprucing up of an outdoor space yourself is not always easy. It would take more time and effort than hiring a professional contractor, but it could save you a lot of money. Consider these few tips to make it easier for you.
• BUY ONLINE. E-commerce platforms offer lower prices when it comes to furniture and decor.
• EXPLORE THRIFT SHOPS. There are so many good finds in thrift stores and garage sales. You might even find unused items if you are lucky. Enjoy the thrill of it.
• LEARN TO REPURPOSE. Give new life to used furniture and scrap materials. Repaint, reupholster, or clean.
• LOOK UP DESIGN INSPIRATIONS. There are so many design ideas online. Look up some design inspirations perfect for outdoor living spaces.
After sprucing up your outdoor living space, take good photos of it. Add them to the listing you will publish on Padleads. The site allows you or your rental agent to syndicate it to high-traffic websites so that more people can see it. Many renters are looking for a place that offers a pleasant indoor and outdoor living experience.