Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

3
Posts
1
Votes
Clay Scott
  • Real Estate Investor
  • Oklahoma City, OK
1
Votes |
3
Posts

Rent Premium for a Storm Cellar in SW Oklahoma City?

Clay Scott
  • Real Estate Investor
  • Oklahoma City, OK
Posted

I just purchased my first ever investment property. I'll soon be done with the renovations and I'm excited to get it rented. The previous owner/occupants installed a storm safe in the garage (see https://goo.gl/21afSb for a photo of the type of shelter). The house is located in SW Oklahoma City where tornadoes aren't uncommon. (It's 3 miles from the path of the deadly 2013 tornado that struck Moore, OK.)

Is there a premium to be added to the rent because of this feature? If so, about how much ($ or %) could I expect to add to the base rent?

Thanks in advance.

Most Popular Reply

User Stats

1,034
Posts
598
Votes
Rhett Tullis
  • Property Manager
  • Oklahoma City, OK
598
Votes |
1,034
Posts
Rhett Tullis
  • Property Manager
  • Oklahoma City, OK
Replied

take it or leave it but my experience is that it does not increase rent much at all the difference it makes is the home rents quicker and more folks are willing to consider it.  The locals here are kinda numb to the tornadoes but out of towners moving to those areas ask first about a shelter and if it does not have one they just keep looking.  

business profile image
Integrity Oklahoma

Loading replies...