What do renters want in a home?
As rents are on the rise and tenants are paying top dollar for their rental homes, tenants have higher expectations of the spaces they rent.
More and more employees are working from home, and home office space is in high demand. Sharing homes with friends and double family home sharing is becoming popular, too, because it allows tenants to share costs of utilities and other living expenses.
Tenants are expecting updated features within the homes they rent. Newer appliances, newer, guaranteed washers and dryers, new flooring, updated windows and reliable furnace systems are all expected as rents continue to rise. Air conditioning has become a necessity for many renters due to increasingly hotter summers over the past few years.
Younger tenants are often looking for smart home technology features such as updated electrical that can handle newer technology like large screen TVs, multiple computers, alarm systems, generators, etc. Upgrading the electrical panel box to handle larger loads of electricity and changing outlets to USB charging outlets in each room are trendy features that make a rental home more appealing. These upgrades are often easy to do for a reasonable cost and will help to attract good, longer-term tenants.
There are other special features you can add to ‘wow’ your tenants such as offering free WiFi, providing free high-speed internet, adding programmable smart thermostats, security cameras and alarm systems, or even adding an auto charging station on site or in a garage. These are all great improvements that tenants are looking for in rental homes and will position your property above the competition.
Adding these upgraded features will put your rental home at the top of the list and set it apart from other properties, which in turn will attract better renters and get your property rented more quickly.