Appliance Buying Guide for Rental Properties
When owning a rental property, there are so many different factors to consider. Besides ensuring that your property is clean and well maintained, it is essential to have the right appliances to attract renters. But owners of rental properties must walk a fine line between staying within the budget and adding to each rental unit the best appliances they can. This buying guide for rental property appliances will help you determine what kind of appliances you should consider for your rental property.
Think About Your Budget
Your budget is the first factor to consider when considering buying appliances for your rental. Knowing exactly how much money you need to spend on purchasing appliances will give you an idea of the types of appliances you need to purchase, as well as the quality of those appliances. Also, think about the return you'll get on your purchase as well as considering your budget. Considering the value of the property and the amount of rent you plan to charge on your rental property is important in that regard.
Keep Your Renters in Mind
You must also keep your tenants in mind as you plan to buy appliances for your rental property. To help you determine the number of appliances you will need to buy, the style of those appliances, and their quality, the type of tenants you hope to rent. For example, a family of renters may need more equipment than a single renter living in a smaller property.
Figure Out Your Must-Haves
It's time to make a list of your rental property must-have after considering your budget and tenants. These items are things you know about the rental property you need to buy. Most of the rental properties are equipped with a refrigerator, stove and hot water heater, at the very least. A washing machine, dryer, dishwasher, and microwave are other appliances to consider.
Used or New Appliances?
As you begin shopping for rental property appliances, you should consider whether you are going to buy new or used home appliances. This decision will help you with your budget and the type of tenants you hope to rent your property. But other factors also need to be considered. While buying new appliances will give you more of a quality guarantee and possibly a guarantee, you can save a ton of money by buying used appliances.
Buying Guide For Appliances
Stoves: Other essential appliances are the stove of your rental property next to the refrigerator. Whether you are installing a gas or electric stove is the first factor to think about. This will depend mainly on the type of hook-up present in the rental property at the moment. There are not as many other options to consider when looking at stoves for your rental. Most homes stoves are freestanding ranges with an oven downstairs and a stove upstairs. They also come in 30 inches wide standard size. The final decision to consider is the finish. To create a cohesive design, try to buy all your kitchen appliances in the same finish.
Fridges: The refrigerator is one of your rental property's most important appliances, so it is essential to think about buying it. Start by checking the size of the space that you are planning to put in your refrigerator to make sure it fits in the spot. Then think about the appliance's style and usage. Various refrigerator styles are available, including side-by-side models, bottom-freezer, and top-freezer models. The type you choose depends on your tenants and how you think the appliance is going to be used. Finishing is also an important consideration when shopping for cooking appliances. Conventional black or white models are good alternatives for budget shoppers, but stainless steel is a good choice if you're looking for high-end options.
Water Heating: Although most tenants may not notice the type of water heater you are installing, they will notice whether or not it is working well. Therefore, installing a high-quality water heater in your rental property is important. Water heaters come in both electric and gas options, so it is essential to know what kind of hook-up your rental property has. The capacity is another factor to consider when buying a water heater. Larger homes will need a larger capacity, while smaller homes with a smaller size will be able to get away. Finally, think about installing a water heater in your rental property that is tanked or tankless. For an easy way to figure out your water heating needs, use this resource that helps you pick out the model best suited to your property and needs.
Washing machine and dryer: While not all rental properties will require a washer and dryer, many tenants love to have a set on their property. First, determine whether your laundry room will require electrical or gas appliances. Then think of the style of the appliances. Typically, washers and dryers come in two different styles–front loading or top loading–and different finishes and colors. Whether you want your rental unit to have high-efficiency or traditional models is the final factor to think about when buying a washer and dryer set.
Dishwashers: Another nice device to consider is a dishwasher for your rental property. Most dishwashers come in standard size and are built-in models. But owners of rental properties may also consider buying a smaller unit compact dishwasher. They also come in a variety of finishes to match the rest of your kitchen appliances so it won't be hard to find one.