While amenities can be useful in attracting renters and convincing them to stay, rental property management firms and owners may find that some do not deliver a worthwhile return on the investment required.
Those in the apartment sector may sometimes feel compelled to add certain amenities because they are popular, or the competition has them, according to Multi-Housing News. Particular features may sometimes ride a growing wave of popularity despite a lack of appeal. Screening rooms, for example, could end up little-used as most people prefer to watch movies and shows in privacy with their roommates or invited friends.
Another potentially superfluous amenity is a billiard table, which MHN notes is particularly problematic because of the danger that losing a cue or ball can render it unusable, or force someone to pay replacement expenses. It is a substantial investment that can easily become useless. While it is possible that it could prove extremely popular and be a wise investment in one building, that majority are unlikely to find it adds much to any current or prospective tenant's desire to move in.
While tastes can change over time and updating is a necessity, MHN warns against trying too hard to follow trends. This can result in a number of significant and wasteful expenses over the years.