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Amenity

Amenity

What is an Amenity?

Amenity is a feature on a property that makes it more desirable to live in. Property investors may look to provide amenities to attract tenants who are looking for a specific lifestyle. It's common for properties to charge an additional fee in order to access the amenity.

When investing in properties, finding the right amenity at a reasonable price tag makes sense. If the amenity costs too much to install and maintain, it won't make sense to provide the amenity. Providing amenities is a great way to increase the cash flow of a property. Though, when an amenity is provided, it's important to maintain the amenity and repair it if there are any issues that pop up.

Examples of Amenities

Some examples of amenities landlords can provide include:

  • Pool
  • Gym
  • Parking spaces
  • Pet park
  • Washers & dryers
  • Electric car charging station

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