01
April
2022
01
April
2022
City life can be quite hectic and tiring, so more and more people choose to live in multifamily housing units that offer a wide array of amenities. One of the key considerations for investors when choosing a rental property is the potential for generating income. In today's competitive market, it's more important than ever to make sure that your property is attractive to potential renters.
Major developers and project managers are progressively adding new features to their housing units to make them more attractive to potential buyers or renters. In this scenario, you must take the time to evaluate all of your options and find the best one for you.
A centrally located residential property is more likely to make a positive impression than a property located on the outskirts of town. For investors, this means that it is well worth the effort to invest in fully-equipped homes with top-notch amenities that prospective renters will be proud to call their own. In addition to generating higher rental income, investing in quality homes also helps to attract and retain good tenants.
Today, let's look at the top amenities that you should consider when investing in residential property:
Investors know that generating rental income is about attracting the right tenants. And one of the best ways to do that is to offer a well-situated, comfortable property with top-notch amenities.
After all, today's renters are looking for more than just a place to crash; they're looking for a comfortable, convenient, and stylish home that has everything they need.
In any residential area in Cyprus, there are countless neighborhoods, and each of them offers a unique set of amenities. Property managers have added many non-negotiable amenities to their housing units to attract and retain tenants. Some of these amenities are essential, while others are simply nice-to-have. Here is a list of amenities you should look for when buying a house or apartment.
A secure, gated community with 24-hour security provided by on-site personnel is a significant selling point, especially for families with small children. In addition, potential buyers or renters will feel more comfortable knowing that their belongings are safe and secure when they are not at home. Some complexes even offer fingerprint or key fob access to enter the building these days. Whether you're a first-time home buyer or an experienced investor, security should be at the top of your list. There's nothing quite like the peace of mind knowing you and your family are safe.
In an era where many people work from home, having extra space to set up a home office is more important than ever. Open space can include parks, playgrounds, dog parks, walking trails, etc. Open space provides a place for people to enjoy the outdoors, but it also increases the value of your property. In addition, open space can help attract a more diverse group of people to your community. For example, families with young children are more likely to rent or buy a home near a park. As a result, investing in open spaces is smart to make your property more attractive to potential buyers or renters.
According to the European Pet Food Federation (FEDIAF), approximately 88 million households in Europe own a pet, and that number is only expected to grow in the coming years. Moreover, pet ownership has been shown to positively impact mental and physical health, so it's not surprising that more and more people are looking for residences that accommodate their furry friends. By making your properties pet-friendly, you'll be able to tap into this growing market and appeal to a broader range of potential tenants or buyers.
And if you’re a renter who owns a pet or planning on adopting pets in the future, finding a pet-friendly residential property should be high on your priority list. Look for units with a private fenced-in yard or are close to a park where you can take your furry friend for walks.
If you're an investor looking to purchase or develop a property, one of the amenities you'll want to consider is a play area. While this may seem like a luxury, it's a wise investment. With most kids spending the majority of their time in front of screens, having a place for them to run around and release some energy is essential. Look for properties that have a playground, pool, or other outdoor space where kids can interact with each other and get some exercise. Such activities are necessary for their cognitive and social development. In addition, a play area can be used by adults, providing a space for socializing and recreation.
Most residential complexes will have some form of an on-site gym, but the quality and selection of equipment can vary greatly. Having a gym right into their building is a game-changer for many homeowners. This means they can avoid expensive monthly memberships, and they don't have to worry about coordinating their workout schedule with the gym's hours.
If you’re an investor, a fitness centre can provide a significant return on investment, as it allows tenants to stay healthy and fit without having to leave the comfort of their own homes. Additionally, a fitness centre can also serve as a social hub, where tenants can interact and form relationships.
Throwing a birthday party, anniversary celebration, or holiday get-together is easier when you have access to a clubhouse. A clubhouse provides a central gathering place for residents and can be used for a wide variety of activities, from hosting social events to working out in the fitness centre. This sense of community is essential for creating a desirable living environment. In addition, clubhouses can be equipped with amenities like fitness centres and swimming pools, which provide additional value for residents. If you're looking to buy a home, check if the complex has a clubhouse that can be used for private gatherings. Including a clubhouse in your property as an investor can help you attract a broader range of buyers or renters and command higher prices.
A swimming pool is a great amenity, especially during the hot summer months. But it's not just for lounging around and soaking up the sun. Swimming is an excellent form of exercise, and it's a fun activity for the whole family to enjoy. Industry observers say that properties with a swimming pool never lose their value. So if you're looking for an investment, a home with a pool may be a wise choice.
The market for senior citizens’ space is growing, and the demand for quality communities and amenities. According to the World Health Organization, the global population aged 60 years and above is projected to total 2 billion in 2050 from 900 million in 2015. By providing this type of space, you cater to a demographic that is often overlooked but has a large amount of disposable income.
If you're a senior citizen looking for a home to spend the rest of your life, it's important to find a location that caters to your needs. This includes having an elevator, handicap-accessible units, and common areas designed with seniors in mind. This is a great way to stay active and connected with other community members.
With the current trend leaning towards a focus on comfort and happiness, amenities such as a gym, swimming pool, and open spaces are sure to be appealing. In addition, being located close to public transportation, schools, and hospitals will also be a plus. By keeping these factors in mind, you can increase the chances of finding a property in high demand.
Keep these amenities in mind to get the most out of your home-buying experience. With the right mix of features, you can find a property that meets all of your needs and more. Get in touch with our team of property experts at D. Zavos Group to find the perfect home for you!
Interested to buy a new property in Cyprus? Read our how-to guide to buying a property in Cyprus!
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