There is a major difference between a regular Pocatello rental property and a high-end luxury home. Do you know what makes a rental home qualify as a luxury home? Also, how to guarantee that your property is considered “high-end”? In this blog post, we will examine 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 typically situated in desirable neighborhoods and frequently accompany 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 typically situated in desirable neighborhoods. This could imply that the property is located in a prime location for work or play, or that it is in a safe and calm neighborhood.
- Size: Luxury homes are frequently bigger than your average rental property. In that case, there is more space for tenants to enjoy, as well as more room for storage and amenities.
- High-end finishes: Luxury homes often come with 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 looking at the fixtures. High-end rentals will have upgraded light fixtures, plumbing fixtures, and door hardware.
- High-quality construction: Luxury homes are generally made with high-quality materials and construction methods. Because of that, the rental is both beautiful and strong.
- Energy efficiency: Numerous luxury rentals are designed with energy efficiency in mind. This shows that the house will have features like double-paned windows and energy-efficient appliances.
- Smart home technology: Luxury homes frequently accompany the latest in smart home technology. This can incorporate features like Nest thermostats, keyless entry, and smart lighting.
- Amenities: Ultimately, luxury rentals usually feature premium amenities that are not typically found in a regular rental. These can include things like a private pool, a fitness center, or a concierge service.
Creating a High-End Rental Property
If you’re keen on upgrading your rental property into a high-end rental property, there are a few things you want to remember. First, you’ll need to choose the right location. Look for a desirable neighborhood that will appeal to luxury renters. Following that, you’ll need to guarantee that your property is well-constructed and features high-end finishes. At last, you’ll need to place 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 beneficial highlights.
Managing a High-End Rental Property
If you’re fortunate enough to own a high-end rental property, there are a couple of things you should do to keep it in top condition. Initially, you’ll need to screen your tenants carefully. Luxury renters will expect a higher level of service, so it is necessary to guarantee that your tenants are respectful and considerate. Afterward, you’ll need to maintain the property meticulously. This indicates regularly inspecting the property and performing any important repairs or improvements. To finish, you’ll need to be proactive about marketing your rental. Luxury renters have a lot of choices, so it is important to guarantee that your property is top of mind.
If you are new to the luxury rental home market, it is even more necessary for you to talk to someone with experience managing this exclusive property type. This is why you should consider contacting one of our professional Pocatello 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 208-234-1000.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
