Reports in the market show that new home buying is starting to pick up again. For the last six or seven years since the housing credit bubble burst people were renting or leasing as opposed to buying. No longer was it necessarily the big dream to own your own home and more and more people decided to invest their money elsewhere. Now that the market is starting to stabilize however, renting may not be as advantageous so landlords are choosing Tenant Finishes in Greenwood Village, CO to attract and keep their tenants happy.
One of the perks to living in a rented apartment or home is that most of the outside finishes are taking care of as part of the contract. Common Area Maintenance Services are included with the monthly rent and tenants are free to come and go without having to be bogged down with the outside care of their unit. In addition, since the outside of an apartment or home is suppose to reflect approximately 10% to 20% of the investment in a home, a tenant is free to invest their money elsewhere.
So what are some of the common Tenant Finishes in Greenwood Village, CO that makes it appealing to tenants? CAM, or Common Area Maintenance, is one of the most highly negotiated parts of any lease apart from the price itself. Most of the time the outside of the building including the sidewalks, exterior surface including the roof, and appliances that are located outside of the structure such as an HVAC are included in CAM charges. These can be either explicitly noted in a lease or they can be general terms.
In some instances there are clauses in a lease where the landlord takes care of certain charges up to a certain monetary value or a tenant takes care of charges up to a certain value. These are most often found in commercial leases but they can be seen in more high end negotiations where the demand for a real estate property is higher than the supply. Whatever the situation you can look at comparables in the market to determine a fair housing price and what is included for average tenant finishes in your local area.
