The Benefits of Common Areas

The Benefits of Common Areas

You need more than just good property and efficient maintenance service to retain tenants. Sometimes the quality of life in the rental property can make a significant difference as well. Experienced property managers have noticed that tenants often prefer properties where they can have personal connections. That’s why many property managers try to create a community in their rental property.

What are Common Areas?

Common areas are usually large rooms or outdoor spaces where tenants can come together, play games, just speak with one another. You can add pool tables, reading nooks, bars, cafes, or even Wi-Fi zones where your tenants can come and relax. Such installations would help your tenants connect with one another and form a community. Common areas would improve the overall living experience and help them grow attached to the property. When they grow attached to their friends and neighbors, they won’t leave the property unless they have to.

How to Create Great Common Areas?

Many property managers are often concerned about the expense involved, but that’s not something you need to be worried about. Thankfully, you don’t need to spend too much money to create common areas. Here are some suggestions:

  • A well maintained park with a track for jogging or walking is a simple but effective common area for tenants to enjoy. Families can have picnics, children can play, and adults can hang out in the park. The structure would also add considerable beauty to your property, increasing its appeal to tenants.
  • A game room is also a great idea. All you need to do is convert a large room by adding different kinds of indoor games in it. Such rooms are a great gathering place that would appeal to a large number of people, children and adults alike.
  • A lounge space or a small library with Internet access can be an excellent addition to any property. Your tenants will have an area where they can relax, work, or read. This place can also be a great place for people to come together and communicate with each other.
  • A café or restaurant might require some investment, but it’s always a good idea to have one on your property. This would encourage a community feeling as well. It would give people a place to hang out and enjoy a few meals together without leaving the property.

As you can see, common areas can be immensely beneficial. At Nova Eagle, we encourage property managers and owners to consider making that investment.

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