The rental market is dynamic, but some factors consistently stand out when it comes to what tenants are seeking. As a landlord, understanding these priorities can help you attract high-quality tenants, reduce vacancy rates, and enhance your rental property’s appeal.
At RE Collective, we’ve worked closely with both landlords and tenants, giving us valuable insights into what renters want. Here’s a guide to the top features and amenities that most tenants look for in a rental property.
1. Affordable and Competitive Rent
It’s no surprise that price is a key factor for renters. They want a property that fits within their budget while offering good value for money. Landlords should:
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Research comparable properties in the area to set a fair and competitive rental price.
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Highlight the property’s unique selling points to justify the rate if it’s slightly above average.
2. Convenient Location
The location of a property is often a make-or-break factor for tenants. Key considerations include:
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Proximity to public transport, schools, and workplaces.
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Access to amenities like grocery stores, parks, and entertainment options.
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A safe and welcoming neighbourhood.
3. Clean and Well-Maintained Property
First impressions matter. A rental property that is clean and in good condition signals to potential tenants that the landlord is attentive and responsible. Ensure that:
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The property is thoroughly cleaned before showings.
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Repairs and maintenance issues are addressed promptly.
4. Functional and Modern Amenities
Renters increasingly prioritise convenience and comfort. Popular amenities include:
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Air conditioning or heating for year-round comfort.
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Built-in appliances like dishwashers, ovens, and laundry machines.
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High-speed internet or pre-installed connections for easy setup.
5. Safe and Secure Living Environment
Safety is a top concern for many renters, particularly families and young professionals. Consider providing:
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Secure locks on all doors and windows.
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Smoke alarms and carbon monoxide detectors.
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Exterior lighting or a security system.
6. Pet-Friendly Options
As pet ownership continues to rise, many renters are looking for properties that welcome their furry companions. If feasible:
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Outline clear pet policies in the lease agreement.
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Consider adding features like a fenced yard or pet-friendly flooring.
7. Adequate Storage Space
Storage is often overlooked but highly valued by tenants. Ensure that your property offers:
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Spacious closets in bedrooms.
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Additional storage options like cabinets, attics, or garages.
8. Outdoor Space
A balcony, patio, or yard can significantly increase a property’s appeal. Tenants often appreciate outdoor spaces for relaxation or entertaining guests. Even a small, well-maintained garden can add value.
9. Energy Efficiency
With growing environmental awareness and rising utility costs, energy-efficient properties are highly attractive. Landlords can improve energy efficiency by:
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Installing energy-efficient appliances.
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Adding insulation or double-glazed windows.
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Offering LED lighting throughout the property.
10. Responsive and Professional Landlord or Property Manager
Finally, renters want peace of mind that any issues will be resolved quickly and professionally. A good landlord or property manager can:
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Build trust by responding promptly to tenant inquiries.
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Provide clear communication and well-structured lease agreements.
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Conduct regular maintenance checks to prevent problems.
How RE Collective Can Help
At RE Collective, we specialise in helping landlords meet and exceed renters’ expectations. From setting the right rental price to ensuring your property is market-ready, our team is here to guide you every step of the way.
With our expertise, you can attract the ideal tenants and maximise the value of your investment. Contact us today to learn more about our property management services and how we can help you stay ahead in the rental market.
