There is a huge difference between a regular Portsmouth rental property and a high-end luxury home. Do you know what makes a rental home qualify as a luxury home? Also, how to confidently tell that your property is considered “high-end”? This blog post will talk about some of the features that make a rental home luxurious and tips for creating and managing high-end rental properties.
Luxury Rentals Defined
Luxury rental homes are residences that offer premium amenities and finishes. These properties are often placed in desirable neighborhoods and commonly come with a higher price tag than your average rental. So, what sets luxury rentals apart from the rest? Here are some of the most important features of a luxury home:
- Location: Luxury homes are often situated in prestigious neighborhoods. This could imply that the property is established in a prime location for work or play, or that it is in a safe and calm neighborhood.
- Size: Luxury homes are regularly bigger than your average rental property. For that reason, there is more space for tenants to enjoy, as well as more room for storage and amenities.
- High-end finishes: Luxury homes often include high-end finishes like hardwood floors, granite countertops, and stainless steel appliances.
- Upgraded fixtures: Another way to tell a luxury rental apart from a regular rental is by scrutinizing the fixtures. High-end rentals will have upgraded light fixtures, plumbing fixtures, and door hardware.
- High-quality construction: Luxury homes are often created using high-quality materials and construction methods. As a result, the rental is both beautiful and long-lasting.
- Energy efficiency: Multiple luxury rentals are designed with energy efficiency in mind. This demonstrates that the property will have features like double-paned windows and energy-efficient appliances.
- Smart home technology: Luxury homes always offer the latest in smart home technology. This can contain technologies like Nest thermostats, keyless entry, and smart lighting.
- Amenities: Finally, luxury rentals mainly offer premium amenities that are not often available in a regular rental. These can include amenities such as a private pool, a fitness center, or a concierge service.
Creating a High-End Rental Property
If you’re serious about upgrading your rental property into a high-end rental property, there are several factors you need to consider. To begin with, you’ll need to choose the right location. Look for a desirable neighborhood that will appeal to luxury renters. After that, you’ll need to ensure that your property is well-constructed and features high-end finishes. Finally, you’ll need to provide some luxurious amenities to set your rental apart. You might consider adding some concierge services, like yard maintenance or a weekly cleaning service. Or highlight local amenities like good schools, performing arts, or other attractive highlights.
Managing a High-End Rental Property
If you have enough money to own a high-end rental property, there are a couple of things you should do to keep it in top condition. To start with, you’ll have to screen your tenants carefully. Luxury renters will expect a higher level of service, so it is imperative to make sure that your tenants are respectful and considerate. Thereafter, you’ll need to maintain the property meticulously. This denotes regularly inspecting the property and undertaking any essential repairs or improvements. To conclude, you’ll need to be proactive about marketing your rental. Luxury renters have a lot of choices, so it is necessary to guarantee that your property is top of mind.
If you are new to the luxury rental home market, it is even more advisable for you to talk to someone with experience managing this exclusive property type. Because of that, you need to consider contacting one of our professional Portsmouth property managers. Our team has the experience and expertise to help you upgrade your rental property and navigate the world of managing high-end rentals. Contact us online or call 757-395-4274.
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