Renters (as opposed to those purchasing a house) often have the luxury of walking into a home that is completely move-in ready. A large part of this includes having the home stocked with major appliances like a stove, dishwasher and refrigerator. For some property owners, choosing these major appliances is complicated. Trying to stay within the target budget while also considering quality and features is often where the struggle lies. Knowing some of the things to look for when it comes to choosing rental appliances can help simplify your search.
When it comes to choosing appliances for your rental property, the targeted rental price is one of the first things you want to consider. As a general rule of thumb, the higher the cost to rent the property, the more features or high-end the appliances should be. Some property owners overlook the fact that the type of appliances you have installed within the property can actually help reflect its value. For instance, if you're trying to market a luxury condominium, it might be harder to justify the price of the property if all the appliances are economy-level.
For this type of rental property, you probably want to install high-end appliances with programmable features and sophisticated control panels. It will be harder to justify a luxury rental cost, if you don't have features that make the property luxury. While this doesn't mean you have to get the most high-end appliances, you should at least be looking past the basic model level.
Another factor to consider is your energy responsibility as the property owner. Is the rental property utility inclusive or is the tenant responsible for their own utility costs? If the property is utility inclusive and you'll be paying these costs, it's imperative that you examine the appliance's energy consumption rating to help keep your cost low.
In this type of situation, you want to choose appliances with higher energy efficiency ratings. For example, Energy Star-rated appliances are as much as 15 percent more efficient than standard appliances. If you fail to choose appliances that are energy efficient, you could end up with higher energy costs. When you're responsible for paying these higher energy costs you could actually lower, or completely wipe out, your profit margin. Performing this step won't just help protect your profits, it's also better for the environment.
Once you know what you're looking for, an appliances wholesale distributor can help pair you with the options that will best meet your need, making your efforts easier.