Surprising features of a rental property that matter to tenants
Tue December 20, 2016
As we get closer and closer to the busy January rental season, many landlords are looking at tidying up their investment properties. There are many reasons why this is critical, but the two most important are ensuring plenty of people are interested when it comes time to fill a vacancy, and subsequently keeping those residents happy further down the track.
The standard things to look at during this period are basic repairs or any other problems with a property, but it may also be worth considering ways that the home can be improved. Some of these - such as off-street parking - are obvious, but others might come as a surprise. A recent report from McCrindle outlined the top five lifestyle features most popular among Australian tenants, and we'll take a look at a few you may not have considered.
25 per cent of Aussies list good cell reception as one of their five most desirable lifestyle features.
A strong mobile signal
According to the McCrindle report, 25 per cent of Aussies list good cell reception as one of their five most desirable lifestyle features. This might seem a bit unfair, as after all, there isn't much you can do about a weak signal or poor service from your tenant's mobile provider. The simple truth, though, is that cell phones are critical to contemporary society. They operate more as extensions of ourselves than simple electronic gadgets, and if your tenants can't make calls or surf the net from bed, you may find yourself with a vacancy to fill.
The best way to fix this issue is to talk to your tenants about getting a signal booster, which is a cheap and easy way to address the issue. If this doesn't wok, you could turn your attention to a top of the line internet connection.
A cabled internet connection
In much the same way as mobile phones, the internet is one of those things that simply has to work in a rental property. As a landlord, you may not be responsible for paying the bill, but if you can ensure there's a wired signal, it will be that much easier for your tenants to get a strong, fast signal. So many activities are reliant on the internet these days - from watching TV through to working remotely - that it's easy to see why this is the most desirable lifestyle feature behind easy parking and a pet-friendly landlord. Best of all, it's a relatively cheap fix that will pay for itself in the long run and appeal to all sorts of people looking to rent.
Even the fastest internet isn't going to be very useful without a power point for the computer.
Plenty of power points
This is the one that might be the most surprising of them all. Yes, we know that having enough power points is important, but for over 20 per cent of Aussies to list it as a key feature is still a bit of an eye opener. When you think about it, though, this ties in with the previous two sections. More and more people are reliant on technology to work, be entertained and stay informed. Even the fastest internet isn't going to be very useful without a power point for the computer, so make sure your tenants have plenty of different options for their devices.
Again, this is an easy fix, and landlords should be looking to target commonly ignored spots such as the bathroom (for electric razors), hallways (for vacuuming) and near the bed (for late-night reading on a tablet).
By focusing on these three lifestyle features, it's possible to cheaply and drastically improve the desirability of your rental. For more information or advice, contact Laing+Simmons today.