What Do Tenants Look For While Renting A Property? Know From Letting agents

What are tenants looking for while planning to rent a property? The property's condition, location, and transportation play a major role in shaping the decision of the tenants looking for a rental property. From a landlord's perspective, if you're unable to understand the needs of the tenants, then get in touch with letting agents in Loughborough. They have years of experience dealing with different types of tenants and their demands. This will help you to protect your property in sync with the needs of the tenants.

 


What does a tenant look for before renting a property?

Feasibility of the location 

Every letting agent first checks the property's location before offering the same to the tenant for renting. Since they are paying the rent, they want everything nearby. Most tenants in Loughborough look for rental properties with nearby local shops, retail stores, medical facilities, schools and marketplaces.

Hence, a letting agent checks the feasibility of the location and finalises the deal between the landlord and the tenant. If your property is in a good urban location, you can even fetch high rental rates from the tenants.

Safety and Security 

 Feeling safe and secure is the second most top priority of every tenant. Since the tenant will live with the landlord (in most cases), the sense of security in and around the property matters.

Letting agents thus make sure all rental properties have proper fences around the garden, CCTV cameras, secured door locks and intruder alarms around the property to help tenants get a sense of security.


State of the property 

Another matter of concern for the tenants is the property's current condition. Is your property old and needs repair or renovation? Then, as a landlord, it is your duty to get it done before you give it up on rent.

If a tenant finds that the property's condition is not good enough and they need to incur repair charges later, then either the rental charges are reduced or the property is rejected. Thus, a letting agent should be appointed to check and inspect the property's condition before making the final meeting between the landlord and the letting agent.

Transportation facilities

Is your property near the railway station or airport? Are there enough cabs, buses and other transportation facilities nearby? If yes, then your property has qualified as a rental property. Commutation plays a major role for the tenants. Since they are not buying the property, they are renting for a purpose. Communication problems can hinder the purpose. 

Comments

Post a Comment

Popular posts from this blog

Do You Ever Face These Difficulties While Buying a House?

Image
Buying a property is a significant investment and can be a daunting experience, especially for first-time buyers. Many factors must be considered, from finding the right location to negotiating the price. A trustworthy estate agent can help you to get a suitable Property in Melton Mowbray . Challenges Related to Purchasing a Property Here are some common difficulties that buyers can face when purchasing a property. 1. Affordability: One of the main challenges is affordability. Buyers need to clearly understand their financial situation and how much they can afford to spend on a property. They must also factor in additional costs such as legal fees, stamp duty, and property taxes. 2. Finding the right property: The search for the perfect property can be daunting, particularly in a competitive market. Buyers need to consider their needs and wants, such as the location, size, and features of the property. 3. Home inspections: It is essential to inspect the property before making an off...
Read more

Tips to choose the best Estate agents in Loughborough

Image
From what we've seen over the last few years, the housing market of today is extremely different. Market conditions have become more complicated as a result of higher interest rates and certain sellers' difficulty adapting to shifting demand. With this ever-changing market in mind, selecting an estate professional is likely the most crucial initial action in your home-buying process. Investigate the background Based on recommendations, on-the-ground investigation, and internet research, you should have a solid shortlist of agents that meet your criteria at the beginning of the process. Checking out those agents' internet profiles will allow you to perform some research. The websites of the government property commission, board, or agency also provide more information on any disciplinary actions. By taking these extra precautions, you may be sure that the agent you're working with is morally upright and genuinely interested in serving your interests. Identify pertinent...
Read more

Property Viewing - How Your Estate Agent Can Help You?

Image
Property viewing is a simple process where the probable buyer walks up to the property for either physical verification or viewing or virtually views the property through online sources. A virtual viewing is convenient if the buyer is acquainted with the area. They only need to check the property thoroughly. However, if the buyer wants to explore the location, they must visit physically. When you arrange for property viewing, an estate agent is necessary throughout the process. They have the proper knowledge, tools and experience to help with the property viewing process. Hence, next time you plan a property viewing, employ estate agents in Loughborough for a professional approach. Here's why estate agents are necessary during property viewing.    Why should you appoint estate agents during property viewing? Get benefits from the experience  Estate agents have a considerable amount of experience and can suggest to you the necessary changes that should be made to make the ...
Read more