With apartment vacancy rates still high across Perth, it is important for investors to know what features are most beneficial when it comes to renting out your property. If you’re looking to purchase or renovate your apartment, keep an eye out for these features to make sure you are getting the most from your investment.

Outdoor Area

If there is an option, try and find an apartment with a good outdoor area or courtyard - this can also include a decent balcony. Tenant’s see value in an outdoor area, it is even more beneficial if you’re able to accommodate a pet as ‘pet-friendly’ rentals are always in high demand.

Storage, Storage, Storage

If a tenant doesn’t have a storeroom or ample space to securely leave items then these can have an impact when renting out your apartment. Make sure you look for a space that can fit larger items such as some bikes, spare furniture or sports equipment such as golf clubs or surfboards.

Parking

If it’s available, definitely snap up the apartment that has two secure car bays over one, this is a game changer when people are looking to rent. In Perth, it is more common for each tenant to have a car so ensuring there is enough space for both cars can be essential. Avoid car stackers and street parking are these are seen as less desirable.

All About Location

Ensuring you’re in a desirable location that is close to shops, transport can really work in your favour. People are looking for convenience and ease of access to amenities, you will see a higher return on your rental if you are close to CBD’s, beach or a thriving café and bar strip.

If you’re looking for an investment and have question, contact your local Realmark office here click here.

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