Apartment Hunting: What Do Renters Look For in a Property?
When prospective tenants are looking for while apartment hunting there are many things they look for. This goes beyond the usual square footage and amenities questions. They want a location that is convenient to their work. They want good schools nearby if they have children. It is a competitive environment for landlords, but even tenants want to know what renters are looking for.
Here are some examples of what renters want while apartment hunting.
Location is Key
As mentioned above, location is critical for tenants. It goes beyond just a location near work, however. They want to be located close to shopping, grocery stores, and more. If a property is close to everything a prospective wants they might be willing to pay a little more for rent. Of course, everyone’s tastes are different. What one person desires in a place another person may want something different.
If you own a home you want to make sure it is safe and secure. If you’re renting, the landlord is responsible for maintaining a secure environment. Many landlords may look into having an alarm service or extra security on the property. Most tenants will look into nearby crime statistics too before signing a lease.
Condition of the Apartment
Moving is already a large hassle. If a tenant is looking to move into a unit that needs repairs they might look at another place that is more move-in ready. Appearance is everything. When a prospective tenant arrives, they want to make sure they have a property that looks like they could move in immediately. This is also where the age of the property factors in. An updated and renovated property definitely appeals to prospective tenants.
Outdoor Spaces and Amenities
One of the downsides to renting an apartment is that you don’t have your own yard, but outdoor community spaces are an important draw for many renters. Does a property have a playground on site? Are there areas for cookouts? Is there a basketball court? These are all things that can help attract renters. Having a wide variety of community amenities is important in this day and age. It makes a property have a sense of community and residents are encouraged to interact with their neighbors.
A Good Tenant-Landlord Relationship
A good tenant-landlord relationship is not something that is established in a day. It is built over time through trust and respect. If a landlord makes promises like renovations or upgrades the tenant should expect them to be fulfilled. As long as the landlord fulfills his or her promises, the tenant is usually happy. Happy tenants become tenants that renew leases and stay longer.
Finding a new apartment is a process. When tenants and landlords have a good relationship and a tenant finds what they are looking for in a place that process can go much more smoothly.