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What are prospective tenants looking for?

What are prospective tenants looking for?

What do prospective tenants look for?

Every rational prospective tenant will have a checklist either mentally or on paper of what they are looking for in a rental property. This is what the screening process entails in part when screening potential tenants by your property manager. The more ticks your property gets on the prospective tenant’s checklist, the better chance of letting the property fairly quickly and keeping it that way.

Here are some tips to consider that your prospective tenant may have in mind when looking for a residential rental property;

  • Location – Proximity and access to local facilities (e.g. shopping centres) and public transport routes (e.g. Bus stops, Taxi Ranks), Local schools and day care facilities
  • Value for money – Is it priced within the market value and competitive with other similar properties in competing areas?
  • Presentation & Cleanliness – Is the home clean, and in good working order. A clean property is more appealing and provides a feeling of freshness – First Impression is everything!!!
  • Pets – Will the premises permit pets (a usual concern more especially in open housing complex, flats)
  • Bedrooms & Room Size – Are they size-able rooms to have Queen and king size beds? Do they have wardrobes? Are they carpeted, titled?
  • Wardrobes – Floor to ceiling built in and walk in robes
  • Bathrooms & Bath – Families with children usually choose homes with Baths and second bathrooms
  • Climate Control – Just about every higher-end paying tenant is after air conditioning/heating facilities in as may rooms as possible, ceiling fans is a bonus for air-flow and should be installed at a bare minimum.
  • Cooking Facilities – Good order, clean condition, seal intact. Gas is highly desirable as well with uncertain power supply in some areas
  • Car Accommodation – Lock up garages, under cover parking; some form of protection for a vehicle, Remote operated garages are an advantage but not essential
  • Storage Facilities – Large walk in pantries, linen press, shelving in garages all prove attractive; people love to store items, so having places where it can be conveniently stored but easily retrievable helps make any property attractive.
  • Fly Screens – Are the screens working or torn with holes
  • Security – More emphasis is being placed on security, installing items such deadlocks, security screens and motion detector lights are attractive to the right tenant
  • Lighting – Does the home provide natural lighting, how does the home position to the sun? Is exterior security lighting present?
  • Everything Operational – This includes no leaking taps, stiff sliding doors, non-operational hotplates etc. Owners must ensure everything included with the property is safe and working properly.
  • External Entertaining Areas – Is there room to have a BBQ and table & chairs; undercover is usually a preference for wet weather and sun protection
  • Fencing – Is the premises fenced & secure
  • Low Maintenance – Timber/ceramic floors and an easy-to care for gardens. High-maintenance garden might be neglected and regular maintenance should be considered inclusive in the price of the monthly rent.
  • Peace & Quiet – A property in a quiet street is likely to attract higher rent than one in a noisy location (e.g. next to the local bar or drinking spots).
  • Neighbours – Are their yards overgrown and untidy?

Other things of Influence….

  1. Is the owner selling the property? Difficult for tenants looking for a long-term commitment to rent a property on sell. You may want to consider formulating a Rent-to-Own payment opportunity if you are selling and still want rental income. That way, prospective tenants may be turned into buyers as well.
  2. Length of lease available.

Have other factors or tips you feel can be added here as a prospective tenant or property owner? Add them in the comment section below…

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BCA Properties

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