What Makes A Let Attractive For Tenants?

Landlords should look to present as attractive a property as possible for tenants.

If you are a landlord, it is natural that you will study prospective tenants and evaluate if they are a good fit for your property. It is essential to find a tenant that you trust, and who you believe will take good care of your rental accommodation. However, have you ever thought that the tenant is doing the same for you as a landlord and about your property?

In some areas, the demand for rental accommodation is so high that tenants grab anything they can. In these locations, it is easy to see why landlords can be selective about tenants and why tenants are happy for any rental property. This isn’t the case everywhere, though, and tenants are right to evaluate their options.

Therefore, as a landlord, you want to make your rental property as attractive as possible. The more attractive or appealing your rental property, the more likely it is you can entice a better calibre of the tenant or impose a higher rental fee.

Location is vital when targeting tenants

It always helps to know who your most likely tenant is. Who this person or household is, dictates what they are looking for from rental accommodation. However, no matter which group you want to reach, you’ll find that location matters.

If you intend on letting to families, the proximity of good schools is likely to be an essential factor. If you let to young professionals, proximity to work hubs and nightlife options will be preferable. As a landlord, you should be aware of what is on offer in the local area, so you should promote these features, hopefully helping you attract the most suitable tenants for your rental accommodation.

Size matters when it comes to rental property

You’ll find that size is vital and your ideal tenant will have a few ideas as to what constitutes a suitable size of rental accommodation. If you let to families, you’ll likely need to provide sufficient bedrooms for their needs. If you have limited space at home, you may be limited in letting to singles, couples or small families.

Bear in mind that an increasing number of people work from home these days, and there could be demand for a spare room to be used as an office or workspace. If this is something that appeals to your most highly prized tenant, make it a feature of your property listing.

Price is always important

There is no point in skirting the issue; the price will always be a crucial factor when it comes to letting property. If you price your property too low, you may chase away some great tenants, but equally, the price can be an effective barrier of weeding out unsuitable tenants.

You need to consider who your most suitable tenant is, and then determine their budget and what else is on offer to them in the local area. You need to find an attractive and competitive price to ensure you can attract likely tenants to your property.

If you want to let property successfully, contact Ariston Property and we’ll be more than happy to assist you.