If you’re considering renting out your home, but you’re unsure whether there’s a market for renters, consider these reasons why a home can be an even better fit for potential renters than the usual apartment.
No shared walls, and no upstairs or downstairs neighbors! Add in the personal space of a yard, garden, patio, or deck, and your tenants suddenly have much more privacy than they would in an apartment.
The amenities available to apartment dwellers are very different from what a single family home can offer, and often appeal to different types of tenants. Apartments often have great amenities like indoor or outdoor pools, party rooms, exercise rooms, or shuttle buses. But a home competes with these by offering in-house laundry, private garages, and private yards or gardens.
From the size of closets, to the garage stall, bedrooms, and outdoor space for children and pets, single family homes generally mean more space. If the budget allows, many tenants will gladly choose a bit more breathing room.
Some potential tenants may incorrectly assume that a single family home rental means working directly with the homeowner. Depending on the homeowner, this experience can be less consistent and less responsive than a management company.
Tradewind Properties is the answer to that, as we manage all components of the rental for homeowners, from finding tenants and performing background checks, to collecting rent, to answering maintenance calls if something needs repair.
Although the Twin Cities is less bound by this generalization, apartment buildings are often located in more urban areas, and single family homes for rent are often farther away from the city-center. You can certainly find single family homes for rent in quiet areas of Minneapolis, and apartment buildings dot the suburban landscape throughout the Twin Cities. For those looking for a quieter, suburban place to call home, a single family home can be the perfect fit.
6. Personal Styling
A homeowner, and by extension their tenants, have more freedom to make decisions about the property without needing to follow apartment complex guidelines. Whether you’d like to paint, install a satellite dish, or display your collection of garden gnomes, it will be easier to have those conversations if you’re renting out a single family home.