As a single-family Exeter rental property owner, you may be interested in finding out what your renters need. This is because once you know what the renters want, you can start working to make your property more attractive to higher-paying renters. This does not mean satisfying every need for every renter demographic, but satisfying the most basic needs for every tenant for their rental homes. The list below contains the criteria most needed by tenants. Make sure that your Exeter rental property has these.
1. Location
This may no longer be in your control but the top-selling point for renters is the right location. This may mean proximity to parks, public transit, and shopping centers for single-family rental homes. In addition to that, a safe and attractive neighborhood.
2. Safety
It is very important that tenants feel absolutely secure in their rental homes. Even if location plays an important role in the overall safety of your property, you can still improve your property’s security features. Good quality exterior doors, sturdy locks, and an alarm system can immensely help your tenants feel secure.
3. Convenient Payment Options
Along with safety, tenants also want to pay their rent easily and conveniently each month. Landlords who offer secure online payment options are favored by renters. This method is a win-win. Tenants can easily pay you and you get your rent in full on time.
4. Move-in Ready Condition
Some property owners show their property to renters before cleaning and repairs. This is not a good strategy. Renters would gladly choose a rental home that is move-in ready. So before the showing, make sure property maintenance and repairs have all been done. This should increase the chance of having a new tenant renting your place.
5. Appliances
If your Exeter rental home doesn’t already include appliances, make sure to buy right away. Appliances are a big draw for many renters since it frees them from the hassle and expenses it will bring. It’s the same story for old appliances. Tenants don’t want a stove or dishwasher that breaks down often. Decent appliances can increase the interest in your rental house and attract tenants.
6. Upgrades
Your rental house should be updated so as not to make it “obsolete”. While you should regularly update countertops, appliances, faucets, and light fixtures, modern renters are also interested in newer, tech-friendly upgrades. Smart thermostats, video doorbells, and plentiful USB outlets are popular features many renters are looking for.
7. Outdoor Space
Modern renters are very sociable so they need space for gatherings. Even when your Exeter rental only has limited inside space, your renters will still be happy with an outdoor gathering space. You can accomplish this by adding a patio or deck which guarantees to attract great renters.
8. Flexible Lease Options
Most of the time, life does not go as planned, as with tenants’ plans. If you ask property owners, long-term leases are the way to go, but this may not be true for renters. Instead, offer them several options of lease lengths. You would then meet more kinds of tenants and ones who won’t break the lease after a few months.
9. A Responsive Landlord
Lastly, but at the top of the list of what renters want in a rental property, is a responsive and professional landlord. Successful rental property management is built on the landlord-tenant relationship, making it all the more important to ensure that you communicate regularly and often with your tenant and respond promptly to repair requests.
But, property management takes a lot of commitment. Have too much on your plate? Why not consider entrusting your Exeter property management to the experts at Real Property Management Seacoast New Hampshire? We can help you maximize the appeal of your rental property while also managing tenant relations so you can have more time to enjoy yourself. Contact us online or give us a call at 603-343-2202.
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.
