If you are looking to put a property up for rent, then you may want to look into what tenants are interested in. Understanding what renters love can give you useful insight and can, therefore, improve your chances of finding a tenant quicker. In this blog, we share what renters look for in a property so that you can understand how to change or improve your home to stand a better chance of finding a tenant.
Many renters prefer a modern kitchen and bathroom and find it to be a big selling point. Up to date fixtures and fittings not only mean that it looks clean and contemporary, but they are also less likely to break or have damage. Therefore, it could be a good idea to invest in updating and modernising the properties kitchen and bathroom if it is somewhat dated.
Owning a property that is based near local amenities and transport links can instantly improve the appeal. Tenants enjoy having everything within a short distance because it can make their life easier, and they can also save money on travel. If you are on the lookout for a property to rent out, you want to consider having the following nearby:
- Public transport
- Medical facilities
Almost everyone owns a car and use it to commute to work; therefore, renting a property with parking is essential. Ideally, you want to rent out a property that has a driveway, but if this isn’t possible, either the property is in the city centre or a busy estate, then it could be a good idea to look at purchasing a permit. Depending on the tenancy, you can purchase a variety of different time periods. As many tenancies are six months, you could buy a permit for the same length of time so that there are no complications with the car registration or name of the owner. Furthermore, offering a parking space can give you room to increase the rent, therefore, earn you more money, so it is a win for both you and your tenant.
People tend to own a lot of stuff, so storage is crucial. Older properties will sometimes offer built-in storage cupboards and wardrobes, but with newer homes, storage solutions are less common. Many handy storage ideas take up hardly any space, such as storage in the stairs or under the bed, so it could be a good idea to look into what you could offer. People will struggle to imagine themselves in the property if they can’t see where they could store their belongings.
Renters love to have a garden or at least some outdoor space, such as a balcony or terrace. Ideally, you want to look for a property that offers an enclosed back garden as this is highly appealing to many tenants and can improve your chances of finding someone to rent your property. Furthermore, providing a garden with features such as decking, a shed or a greenhouse can make the outdoor space more charming and attractive to potential tenants.
There are many pet-lovers in the world, and it is important to many renters that they can bring their four-legged friend along with them to their new home. Offering a pet-friendly property can open up a whole new pool of tenants that could be interested in your home. If you are concerned about the cleanliness of your property, hardwood floor is always a good option as the tenants can easily clean and hoover after the pet. Furthermore, you could offer the property as unfurnished, meaning it will be their items that may or may not get damaged by the pet.
If you are interested in becoming a landlord, take a look at our previous blog that explains how to become one, so that you know everything before making the decision. Here at Godfrey, Short and Squire, we are letting agents in Okehampton, and we also offer a range of letting services varying from tenant find and full management to commercial leases and license. If you are interested in using our services or maybe you are looking to find a property, please do not hesitate to get in contact. Give us a call on 01837 54504 or visit our Contact Us page.