10 Things Tenants Want In a Rental Property

Want to put your Curlewis properties for rent?

If so, you must be familiar with the competition in the real estate market as well as the high expectations of the tenants. Meeting these standards is the only way you can secure quality and reliable occupants for your Indented Head Properties for Sale. So, to ease things a bit, we’ve brought you this useful guide.

Here, you will learn about the top 10 things your prospective tenants might want to have. Let’s see one by one.

1. Location

First and foremost comes the location of the property. While it’s impossible to change the location, you can always modify your target tenants. For instance, if the Curlewis property you put up for rent is in a family-friendly neighbourhood with plenty of schooling options, you can choose to market it for working families. Conversely, if the property is in an urban area offering convenience and proximity to amenities, it is better to aim at working professionals.

So, conducting thorough research before renting or selling a property is more crucial than you know. If your research doesn’t feel adequate, you can also seek help from a reliable real estate agency. 

2. Maintenance Levels

Properties with manageable maintenance levels benefit both you and your tenants. Easy-to-clean interiors, durable bathroom floors, and simple garden areas will seem attractive to most tenants as they require less effort in the long term. So, whoever your target tenant is, aim to modify your property accordingly.

If you target a family with a luxurious lifestyle, an immaculate garden with exotic and high-maintenance plants may be appealing, but it won't suit working professionals or elderly couples. In a nutshell, choose features that speak to your audience to secure a deal that you want for your Curlewis property for rent. 

3. Security and Privacy

When tenants feel at home, they treat the rental property with respect. But how do you make them feel so? By ensuring security and privacy in the property. With a sense of safety, the tenants will be more inclined to sign the deal. Here are some basic security features you can consider installing in the Curlewis property for rent:

●       Sturdy door locks with interior latches

●       Lockable windows

●       Security screens

●       Robust gates

With these features, your tenants will feel safe. 

4. Parking

In urban areas, off-street parking is a luxury. If your property includes a driveway or parking space, highlight this feature. It adds significant convenience and can be a key factor in attracting tenants in competitive urban markets.

5. Homey Touches

Small details make a big difference. Avoid stereotypical rental issues like painted-shut windows and shoddy repairs. Ensure the property is move-in ready without needing any extra repairs. Yes, you will incur upfront costs, but remember that repairs are tax-deductible if the property is available for rent.

6. Approachable Landlord and Property Manager

Clear communication and transparency are vital for maintaining good landlord-tenant relationships. Ask your property manager to set clear expectations from the start and make sure you are always reachable. Whether discussing rental policies or haveing a property tour, help your prospective tenant with everything smoothly and efficiently. This experience will encourage them to finalise your property. 

7. Storage

Adequate storage makes a property more comfortable. So, provide both indoor and outdoor storage options, like a storage shed. Avoid using parts of the property, such as the garage, for your own storage—allow tenants to fully utilise the space.

8. Heating and Cooling

Ensure your property has effective temperature control. If not, invest in quality air conditioners and heaters and provide proper ventilation to keep your tenants comfortable throughout the year.

9. Natural Lighting

Natural lighting is beneficial for health, reduces electricity bills, and adds warmth to the entire home. So, optimise natural light by choosing window coverings like Venetian blinds and strategically placing windows in new builds to maximise sunlight exposure.

10. Modern or Upgraded Features

Last but not least, tenants appreciate modern amenities and stylish spaces. While brand-new properties are not always feasible, consider upgrades that boost tenant appeal, such as renovating kitchens and replacing old carpets. These modern features not only attract tenants but also increase depreciation deductions, offering financial benefits. A tax depreciation schedule prepared by a specialist can maximise these deductions over the property's lifetime.

Final Word:

Creating an attractive rental property involves more than just a good location and competitive pricing. By understanding and addressing the key desires of tenants, from security and privacy to modern amenities and adequate storage, you can transform your Curlewis properties for rent into sought-after homes. These investments not only enhance tenant satisfaction and retention but also contribute to the overall value and profitability of your property.

However, you may need the support of a real estate agency to secure a tenant successfully. If you agree, contact Pavillion Property Group and explore the possibilities. It offers services across Victoria, so you can trust their expertise—whether to put up your Indented Head properties for sale or Curlewis properties for rent.

Good luck!