There is a considerable difference between a regular White River Junction rental property and a high-end luxury home. Do you know what makes a rental home qualify as a luxury home? And how to confidently say that your property is considered “high-end”? This blog post will evaluate a few of the features that make a rental home luxurious and tips for creating and managing high-end rental properties.
Luxury Rentals Defined
Luxury rental homes are residences that offer premium amenities and finishes. These properties are mainly located in desirable neighborhoods and always have a higher price tag than your average rental. So, what sets luxury rentals apart from the rest? Below are some of the most important features of a luxury home:
- Location: Luxury homes are generally established in prominent neighborhoods. This might mean that the property is situated in a prime location for work or play, or that it is in a safe and pleasant neighborhood.
- Size: Luxury homes are significantly bigger than your average rental property. In that manner, there is more space for tenants to enjoy, as well as more room for storage and amenities.
- High-end finishes: Luxury homes often contain high-end finishes like hardwood floors, granite countertops, and stainless steel appliances.
- Upgraded fixtures: Another tactic to tell a luxury rental apart from a regular rental is by observing the fixtures. High-end rentals will have upgraded light fixtures, plumbing fixtures, and door hardware.
- High-quality construction: Luxury homes are typically designed with high-quality materials and construction methods. This leads to a rental that is both beautiful and substantial.
- Energy efficiency: Most luxury rentals are designed with energy efficiency in mind. This signifies that the home will have features like double-paned windows and energy-efficient appliances.
- Smart home technology: Luxury homes often feature the latest in smart home technology. This can incorporate features including Nest thermostats, keyless entry, and smart lighting.
- Amenities: Ultimately, luxury rentals typically come with premium amenities that are not usually included in a regular rental. These can include things such as a private pool, a fitness center, or a concierge service.
Creating a High-End Rental Property
If you’re considering upgrading your rental property into a high-end rental property, there are a few considerations to keep in mind. Initially, you’ll need to choose the right location. Aim for a desirable neighborhood that will appeal to luxury renters. Following that, you’ll have to be sure that your property is well-constructed and features high-end finishes. At last, you’ll need to include some luxurious amenities to set your rental apart. You could consider adding some concierge services, like yard maintenance or a weekly cleaning service. Or highlight local amenities like good schools, performing arts, or other captivating factors.
Managing a High-End Rental Property
If you can manage to own a high-end rental property, there are a couple of things you have to do to keep it in top condition. Initially, it is advisable to screen your tenants carefully. Luxury renters will expect a higher level of service, so you must ensure that your tenants are respectful and considerate. Secondly, you’ll have to maintain the property meticulously. This entails regularly inspecting the property and conducting any important repairs or improvements. At last, you’ll need to be proactive about marketing your rental. Luxury renters have several choices, so it is imperative to ensure that your property is top of mind.
If you are new to the luxury rental home market, it is even more vital for you to talk to someone with experience managing this exclusive property type. This is why you need to try contacting one of our professional White River Junction property managers. Our team has the experience and expertise to help you upgrade your rental property and navigate the world of managing high-end rentals. Contact us online or call 603-448-8808.
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