If your Haslet rental property doesn’t already have a fence, you might be wondering if you should have one put in. Or it could be your tenant has asked for permission to build a fence on the property. Either way, you’re faced with two significant questions: does your rental need a fence, and if yes, who will install it? The first step to making a wise choice is to observe both the pros and cons of a fence for your rental property.
There are many advantages to fencing a rental property, but maybe the most critical reason you might consider doing so is that your ideal tenant wants a fence. Depending on the neighborhood and your renter demographic, a fenced rental property could help boost its value.
In the single-family rental home market, you need to know what type of tenant you want to rent to and create a property that will best appeal to that group. This will increase if you’re looking for ways to extend your tenant base. If you’re trying to get a new type of tenant in the door, adding a fence to your rental property might do the trick. Tenants with families or pets are normally among those who are most likely to appreciate a rental home with a fence over one without.
However, adding a fence to a rental property in some areas doesn’t make much sense. Fences can be a big improvement projectand not something to take on lightly. Some tenants do not want a fence, while others consider them as an obstacle that blocks their views.
Additionally, in some neighborhoods, municipalities or owner’s associations have strict regulations about what type of fencing materials are allowed or even if you can have a fence on the property at all. If constructing a fence doesn’t make sense for your area, tenant demographic, or budget, there doesn’t seem to be much reason to do so.
But what if your current tenant has asked for a fence? Once you have received such a request, it’s important to take it seriously. This is mainly true if your tenant is a responsible long-term tenant, and you want to promote stable relations with them. Building a fence for a tenant isn’t as unusual as it may sound at first. Finally, a fence is a property improvement that will most likely add to your property’s value. You can also often use a new fence as a tax write-off, which may be beneficial to you.
If there are big struggles in the process of giving their request, whether because the HOA prohibits fences or there are strict zoning laws, it’s important to communicate those reasons clearly with your tenant. Simply saying “no” may make them feel hurt or resentful and might even provoke them to try and build a fence themselves – possibly without your permission and without obtaining the necessary permits or approvals first.
Yet, at times, allowing a tenant to build a fence on the property may be an interesting offer. This is especially true if you know your tenant can do the job correctly and if they offer to pay for the materials. If both of these things are true, you may feel confident in allowing a tenant to handle the project.
However, there are a few possible adverse factors to trusting your tenant with such an important property improvement. If your tenant builds a fence, you will not know what materials they choose to utilize and the construction quality. If your tenant installs a fence using cheap or flimsy materials or doesn’t do a good job, your property could quickly become a neighborhood eyesore. An awful or poorly built fence may have a seriously bad effect on not only your property’s curb appeal but your property values as well.
Because fences often sit on property lines, there is also the possibility that your tenant will damage adjacent properties, injure themselves, or cause trouble with the neighbors. People living nearby may not want a fence so close to their property and may protest about having one built.
There are also buried gas lines, water lines, and other utilities to avoid. If your tenant accidentally breaks a gas or water line, you could end up not only with annoyed neighbors but an expensive repair bill from the city as well. The same goes if your tenant somehow ends up hurting him or herself or others. Not only might you be responsible for paying hospital bills, but you might also wind up the victim of an expensive lawsuit as well.
Do you have questions about which upgrades and improvements are right for your rental property? Give Real Property Management Meridian a call at 817-678-8787! We can help you maximize your rental property’s curb appeal without blowing your budget.
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