If reports in the news are to be believed, the rental market in the UK is slowing down.
For the typical landlord, this suddenly means that the situation has got all the more competitive. Ultimately, they need to cave into tenant’s demands a little more than they perhaps did previously.
This is the reason today’s post has been put together. Let’s now take a look at three issues that young renters want from a property rental – and how providing them can really put a property to the forefront of the rental market.
It needs to be pet friendly
At the moment, it’s not quite a “need”, but if you have watched the news over recent times you may have seen quite a kafuffle about tenant’s views on pets.
In short, a lot of landlords do not allow any pets to reside in their property. On one hand, this is perfectly acceptable; after all they can cause a lot of damage that will vastly surpass the initial deposit that was placed down.
On the other side of the coin, companies like HomeLet have made it a little easier to soak up this damage, while it’s also worth considering the sheer number of pets that are now donning society. A lot of people have them, and by immediately shutting the doors to these landlords are certainly closing out a large proportion of the tenants that might be interesting in renting their property.
The storage factor
We are seemingly in the era of storage right now, but when it comes to young renters this era is well and truly in full swing. While it’s often not right to generalise, on a lot of occasions young renters use these properties as a temporary means before they jump on the housing ladder themselves.
As such, some items of furniture won’t be erected – it just needs to be carried with them until they get their big move later down the line.
This is why storage space is so important. It means that the tenant doesn’t have to rely on costly storage solutions for months at a time, and they can instead keep everything in the home (even if it’s not going to be used for the duration of the tenancy).
A reliance on white goods
Even though a lot of homes might now be let unfurnished, when it comes to white goods a landlord really should be looking to insert a little flexibility into the picture.
This again relates to the previous point we spoke about, when we mentioned that young tenants tend to view these rental properties as short-term until they buy a home themselves.
Due to the fact that kitchens vary immensely in shape and size, that once-perfect white good might not be compatible against their now home, and their future home. Ultimately, it’s just a lot easier to have the white goods provided, and when it comes to the crunch a young tenant is probably more likely to choose the home that has those convenient goods, rather than the one that doesn’t.