Investor · Charlotte, NC · Member since 2023 · 4 posts · 5 votes
I was listening to this episode of the BP podcast that discussed which renovations & improvements for flips and BRRRRs are the best to add value to a property. One of the items that was mentioned was landscaping and that 100% of the time this is something that is invested in. This was in the context of adding value when selling a property, and it got me thinking how this translates to LT rentals.
I have a 3/2 single family LT rental in a C class neighborhood in the Charlotte, NC metro area. My thinking is that as long as the yard looks like a yard and can function as a yard (ie. junk-free, has grass & dirt), then it doesn't make much sense to invest heavily into landscaping like re-sodding or other projects. For this specific property, my current assessment is that while there is definitely improvements that can be made to the landscaping, for the neighborhood it doesn't make much sense to invest in it.
Curious what others have experienced when it comes to attracting tenants in relation to investing in landscaping for LT rental properties.
Lender · Charlotte, NC · Member since 2019 · 467 posts · 279 votes
2y
Keep it clean, maybe seed if it needs it (sod is expensive), and put in a few low maintenance bushes. Other than that, unless you want to do the landscaping periodically yourself or pay someone to, I'd keep it simple and functional.
Real Estate Agent · Charlotte, NC · Member since 2020 · 115 posts · 69 votes
2y
Hi Joe! For my LTR I tried to keep landscaping simple. If there is landscaping that requires upkeep, there is a chance the tenant will not want to do that and over time it can become an eyesore. I try to have my rentals be weed free (properly remove any weeds), as I have seen some CRAZY weed yards, and simple/clean as possible. Always make sure any landscaping requirements of the tenant are also laid out in the lease. Hope this helps!
Lender · Charlotte, NC · Member since 2019 · 467 posts · 279 votes
2y
Keep it clean, maybe seed if it needs it (sod is expensive), and put in a few low maintenance bushes. Other than that, unless you want to do the landscaping periodically yourself or pay someone to, I'd keep it simple and functional.
Real Estate Broker · Charlotte, NC · Member since 2016 · 569 posts · 351 votes
2y
@joe, you are absolutely correct. For a C-class property, being junk-free and having grass is all that's needed. I let my tenants handle the landscaping for their own properties. Landscaping is mostly for A and B class properties.
Appreciate all the responses here. Sounds like my thinking is inline with the broader consensus.
I've come to appreciate townhouses as rentals, specifically for the ease of yard maintenance. I had a rental property with a gorgeous backyard in Charleston at one point, and it became problematic keeping up with it. My vote is for small & simple yards, especially for rentals.