Amenities to increase rent

[Tim Clark]

I was running some numbers on a property to get some experience in running numbers and I noticed that the property that I was looking at did not have a dish washer. I thought that by adding a dishwasher, the rent could be increased which lead me to think about what other amenities can be added to increase rent. The market that I am interested in is Lynchburg VA. I know that having a washer/dryer is a major plus but does anyone have any thoughts on what brings the most or what amenities really do not add much value. Thanks!

[Brad Hammond]

Hey @Tim Clark.  That is sort of a hard question to answer because amenity doesn't equal rent increase.  However, renters want a washer/dryer, dishwasher, storage space, and a yard (in my area).  If you have those amenities, you will get more applicants.  If you are getting a lot of applicants, you can rent the property sooner and can probably increase the rent.