Attracting great tenants is a property owner’s best priority. While there are specific features that each renter would be looking for in a single-family rental home, there are a number of features that consistently rise at the top. And this is true even though every prospective renter has different needs. Identifying what tenants are seeking for, and which features will aid your rental homes to bring in the type of renters you want, can better increase your Raleigh rental properties standing, even in a highly competitive market.
Maybe the chief and most conspicuous feature of an attractive rental home is a property that is spotless and not falling apart. When a rental home has obviously gone through maintenance and its features are updated, tenants would notice. They would think of the owner as a person who cares deeply about their property. When it’s the moment for renters to request repairs or maintenance, their view of the landlord would already be positive. They will link the cared-for home with a landlord that quickly responds to whatever issue they need to be addressed.
Another major feature that potential renters want in a single-family rental home are updated appliances. The kitchen is an essential room in a single-family home because people normally spend a substantial amount of time there. Enjoying their home also means being able to use updated kitchen appliances to make tasty meals. Everyone can then gather around the table and have quality family time together.
The location will always be an important component of real estate investing, but what makes an excellent location? Homes that potential tenants are looking for are the ones within a short distance to parks, schools, restaurants, and other standard areas. While you may not have much control over the location of your property, make sure to write down what amenities are available nearby. You can then use this information in your marketing materials.
Together with the location, potential tenants are almost always looking for space. Space for a family, a hobby, storage, parking, and maybe even a pet. One thing that a property owner can do to attract quality renters is to make sure that their Raleigh rental homes have attractive, easy to maintain yards. Parties and other activities are a huge part of daily life, and a property that gives enough space for these events will hold more interest to people looking to rent a home.
There is an additional way to fill vacancies and retain tenants long-term. It has to do with a clause in the lease. You can get renters who are pet lovers to keep their approved animals on the property and make them very happy by adding a pet clause to the lease. People love their pets, and single-family homes that are more accommodating for pet lovers will always be more appealing.
Other things that quality renters will be attracted to are laundry hook-ups and, in warmer climates, central air-conditioning. Property owners can provide these things in their rental homes to make them more appealing. Laundry is inevitable, and provision for a washer and dryer is an absolute necessity. This must be provided in order to draw in a long-term quality tenant to your single-family rental home. Air conditioning, too, is essential for warmer climates. Renters would usually favor one rental home over another just because of reliable air conditioning.
At Real Property Management Raleigh, our team of property management experts makes it easy to ensure your rental property draws and keeps quality tenants. We attend to maintenance, offer rental rate assessments, and assist you to fill vacancies efficiently and quickly. Would you like to know more? Don’t hesitate to contact us online or call us at 919-481-0008 for more information.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.