Top 10 Rental Features That Attract The Best Tenants

Investing in property is one of the best decisions you can make. It’s worth it because you can make a small yet steady income by renting it. But, putting your home on lease comes with a variety of hassles. How to find a tenant, how to know if the tenant will take care of the house or not, what if the tenant appears to be a fraud, and much more. Since there are people of different mentalities, the tenants can be divided into three categories.

There are bad tenants, there are mediocre, and there are great ones who not only pay rent on time but also take care of your property as there own home. But, the best ones will always go for properties that match their standard. Attracting the best tenants requires you to make your property worth it.

Since every Property owner goes through this confusion, we have created a list of things you must keep in mind while purchasing an investment property. Read on the blog to know more.

Safety And Security Is Priority

Home means a safe and loving place where one feels secure. The tenants want to reent a home for their family, and that’s why you should ensure your property is safe and secure. The reason why people prefer renting a house over an apartment is security. Make sure you research and analyze crime statistics before purchasing a property. Invest in a safe neighborhood.

Offer Great Location

Location is one of the most important factors one considers while renting a property. No one will choose a home which is not built in a good area. Make sure you purchase your property in a location that offers has transportation options nearby. No one wants to stick to a home that doesn’t provide public transportation services, right?

Moreover, the home should have grocery shops or mall nearby so that one doesn’t need to purchase daily use things from far-away markets.

The cherry on the top will be the availability of corporate centers in close proximity. Easy access to job places makes a home a better choice for leasing.

Educational And Entertainment Amenities

Education is an essential factor in the present time. No one wants to live in a home that doesn’t have a school nearby. Not only school but having a college or university near to society makes it even more valuable. Make sure the property you choose is surrounded by excellent schools, institutes, and higher education centers.

Education is important, and entertainment is vital as well. Picture halls, parks, and other entertainment units near home makes it an ideal choice for the tenants.

Ready To Move-in Condition

A tenant will always prefer a home that’s ready to move in. Don’t try to rent a home that’s waiting for paint or a floor replacement job. Ready to move in homes not only improve the rent you can ask for, but it also attracts convincing tenants.

Would you like to live in a home, where the taps are leaking, cleanliness is not done, and walls have cracks in them? No one will. Even if someone rents it, you can’t expect much from them.

Appliances As Add On

Though most of the people have their washing machines and refrigerator with them, adding these tools can add ample value to your home. You can even expect extra rent for such appliances. The reason good tenants appreciate such services is that it’s easy for them to move in when appliances are already there. If someone is new in the city, they will not have to purchase the machines, and that would save some money. They are already spending money on advance rent, and offering appliances might serve as a great relief.

Newly Built Property

Have you ever been told by your parents to not to invest in second-hand stuff because its components might have damaged over the years? Everything gets worn and torn over the years, no matter how good you take care of it, and we can’t help it.

The home, even after being made of sturdy material like bricks and cement, gets damaged over the years. Invest in a newly built property like don’t buy any property older than 10-15 years. You won’t like to invest in repairing wires and plumbing. And a good tenant will not want to rent an old home.

Storage Space And Open Floor Plan

Storage space is a crucial thing for tenants. Most of them have a lot of luggage, but they can’t afford to carry closets and cupboards with them. A home with storage units attracts them more because that eliminates the need to invest in storage units.

Open floor space adds depth to the home, making it appear larger. So, make sure you consider buying a home that offers ample floor space and storage units.

Balcony Or Garden

An outdoor unit like a balcony or garden is always a great way to attract promising tenants. People love it when they can spend some time under the sunshine and in the fresh air. Most of the people are fond of gardening. A home with a garden will attract tenants who are ready to invest good in an excellent property.

Parking Facility

Parking is an unavoidable factor in modern times. Everyone owns at least one private vehicle, and that’s why a parking facility is a must. Either there should be a common parking area which is mostly present in flat societies or a personal parking space must be there.

Rent

You might be thinking that offering property at low rent will get you a better tenant, but that’s not true. Low rent usually undervalues your property. You need to set a range which is not so high and not so small as well. Stick to your price range be ready to answer why you are charging that much.

Attracting good tenants is not that hard if you can make your property worth living If you want to attract tenants with high standard, you first need to raise the standards of your property.