Owning a multifamily property doesn’t just mean taking care of repairs and collecting rent. It is just as important to make your residents feel like their apartment is home. Adding to the homelike atmosphere will help with retention and attract new residents, too. One of the best ways to do this is by choosing the most desirable amenities for your complex. Let us take a look at some of the must-have amenities — so you can make smart decisions as you upgrade your property.

• Alarm, advanced locks or security system: No matter how safe the area around your property, offering an alarm or security system for each unit can help potential renters feel more confident in their choice. After all, the FBI reports that burglars are up to 2.7 times more likely to target a home without a security system in place. Luckily, there are many options — ranging from bars on the windows to app-based security systems. Being able to advertise your units as well protected and secure is a benefit that is hard to beat.

• Dishwashers: In the modern world, many people find a dishwasher a “must-have,” not an option. Not only does installing a dishwasher impress potential renters, but it may also save money in the long run because according to Energy Star, it takes less energy to operate an energy-efficient appliance than it will to wash dishes by hand.

• Washer and dryer: While offering an on-site laundry facility is good, even better is providing a washer and dryer in each unit. You will find that this is a particularly popular amenity with many tenants. After all, doing laundry is a necessity, so why not make it easier while at the same time choosing machines that are energy efficient?

• Children’s play area: Attracting families with children can sometimes be a challenge. If you want to go the extra mile, choosing to add a playground or play area is a great decision. When you choose high-end equipment and accessories, you will create an attractive space that will be enjoyed by children, their families and your other residents as well. 

• On-site maintenance: When you have a maintenance crew available on site at all times, you will have one less worry for your tenants, and for yourself. On-site maintenance means that there is the first line of defense against busted pipes, leaks and other common issues that may crop up on a day-to-day basis.

• Private parking: One complaint that many people who live in multifamily properties have is that there is never enough parking. Offering private parking spots for each unit takes a little work, but it will be much appreciated by your tenants. 

• Dog-walking area: Creating a space for your tenants to walk their four-legged family members will ease convenience for pet owners, but it has a dual benefit, too. When you create a space for dog walking, it keeps the other outdoor areas clean and well-suited for the enjoyment of all your residents.

• Fencing: If you have a pool or your property is near a busy street, setting up proper fencing can be a key factor in making your facility both attractive and safe. Think carefully about the benefits that fences can offer your facility and make sure you invest in the best possible product. It will be well worth the investment.

As you can see, many amenities will add value to your multifamily property. Give one or more of these some serious thought and consider investing in an upgrade — it may be the boost you need to attract new residents and retain the “best of the best” of those who currently call one of your apartments home.