Top Things Tenants Look for in a Property

Top Things Tenants Look for in a Property

Simply put, an exceptional tenant is one who pays the rent on time and takes care of the property. Since most landlords know what the tenants are looking for, the landscape is a competitive option when it comes to looking for a suitable tenant.

So if you’re looking for different ways to increase the chances of finding good-paying tenants, you’ve come to the right spot. So whether you are looking for a new property or making changes to the existing one, here are a few important things listed below that tenants look for:

Location

Simply put, location has a strong impact on the decision-making of the tenant. Tenants usually slant towards a property that is close to their workplace as well as restaurants, grocery stores, and community parks. Today, it is all about lifestyle and a tenant is willing to pay more if the facilities around the house are diverse. Therefore, an hour-long commute to the grocery store will only piss off tenants who are looking for a suitable property. S if you have a lucrative location, you can easily attract high-paying tenants.

School District

Apart from the location, a tenant will also consider the school district. Especially if the tenants have school-going children, they will always prefer a property that is close to the different academic institutions out there. Because every parent wants the best for their kids, quality education is a top priority. Even if the prospective tenant doesn’t have kids, they will still consider the schools because they might have plans to start a family later.

Security

Safety is a very important factor when a tenant looks for a house. Therefore, a safe environment is a stress buster for the tenants. Especially when they search for rent to own homes, safety emerges as a major concern for them. So when you think of investing in a real estate property, don’t forget to go through the crime statistics of this area. For the existing rental property, you can add a top-notch alarm system that will make the tenants feel safe and secure.

Parking

Nobody wants to drive around and look for parking for several hours. Especially if one has the ice cream pack in their car with bundles of groceries, not having parking with the property will be a great disadvantage to any tenant. However, if the property is located in some suburban area, there will be plenty of parking space available. Therefore, parking is an important consideration for any tenant out there, even if they don’t have a car.

The Appliances Included

A homeowner always worries about the appliances being taken care of. Bear in mind, a tenant might not want to go through the hassle of purchasing new appliances and incorporating them into the house. So when you install new appliances in the house, they are very attractive to the tenants. Washing clothes near the laundry can be expensive, so tenants will look for a house that offers a washing facility inside as well.

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CATEGORIES : Real Estate

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