Security features top the list of tenant requirements in the current climate with three in five (60%) saying they desire secure doors/windows and safety features, Uswitch has revealed.
Post-lockdown priorities see outdoor space in second place on the renters’ must have list with almost half (46%) needing access from their home.
Pets are an important deal breaker for many tenants. Nearly four in ten (38%) of renters said that the allowance of pets is one of the most important features they look for in a rental property], with 35% stating that a ban on pets would stop them from renting a property.
Kellie Steed, Uswitch.com buy-to-let mortgages expert, said: “Our survey data has shown that investing in a rental property isn’t as simple as selecting one based on the number of bedrooms.
“Tenants have clear priorities that will persuade them to rent a property, so if you’re considering becoming a landlord, here are some things to keep in mind:
“Property location – Looking at similar rental properties in an area can give you an idea of how much you could make in that location. Be sure to keep in mind the proximity to amenities and transport, as well as where you are situated. 45% of those surveyed said they would be deterred from a property if it was in a loud location.
“Property features – Depending on the desired tenant type, certain property features will be more attractive and potentially increase the price chargeable. Almost half of the renters we surveyed are drawn to properties with some form of private outdoor space, so take this into consideration when calculating your return on investment.
“Furnishings – Whilst furnished properties can bring in a higher rent, our survey shows there is a great demand for unfurnished homes. You may find it easier to attract tenants by leaving your property a polished blank canvas. If you do furnish the property, try to tailor it to the type of tenants you wish to attract – furnished was most popular with the 18-24s, so you may wish to consider this group when furnishing.”
|Feature||Percentage of respondents|
|Secure doors/windows & Safety features (alarms, Ring doorbell etc)||60%|
|Garden/private outdoor space||46%|
|Double glazed windows||35%|
|Good natural lighting||29%|
|Neutral painted walls||16%|