Nowadays more and more people rent. Why is that? Well, there are several reasons. Some people rent real estate because that is what their job pays for by moving, and other people rent real estate because they are financially unwilling to take on the responsibility of buying a house. The situation is different for everyone, but nevertheless the need for rental properties is definitely in demand.
For rental properties, the Process of getting a rental loan is so easy … a lot easier than buying a home … but do you know the one similarity that stays the same whether you buy or rent a home? The expectations; The expectations remain the same. The way you would prepare a rental property is the same as you would prepare a house for sale. Tenants and homeowners have the same expectations.
The tenants’ expectations are actually not at all unreasonable. Many of their expectations should, in most cases, be part of the standard of the rental property, but there are some properties that simply do not meet renters’ expectations and allow them to look elsewhere. If you are someone who is in the rental property market but is unsure of what to expect or what features should be standard, check out this rental property checklist that you should expect from a rental property.
Expectation 1: The tenant should be able to introduce himself in the rental property
Tenants are just that … they rent a property, which means it isn’t theirs, but that doesn’t mean the rental property can’t make them feel at home. Most people who rent houses usually rent them out for a few years. So when taking a tour of a rental property, they need to be able to see themselves and their furniture in the rental.
In order for tenants to see themselves and their belongings in a rental, the rental must be clean … that is the subject of the next expectation.
Expectation 2: The rental property should be clean
As mentioned above, the rental property must be clean so that tenants and their belongings can imagine themselves in the rental property. A rental property can be cleaned in two ways. You can either clean it yourself with old-fashioned elbow grease or you can hire a professional cleaning company to clean the property for you. Whichever route you choose, the good news is that a thorough clean only needs to be done twice. Your rental property must be cleaned thoroughly before moving in and after moving out.
Expectation 3: storage space
Tenants expect a lot of storage space when looking at rental properties. They need all the space in the world because their goal is not to rent a storage unit. Storage in a rental property can take many forms. Closets, a pantry, drawers, closets, attic, and a garage are all things renters look for in a rental property to store. If a rental property doesn’t have too much storage space, it can encourage renters to look elsewhere.
Expectation 4: proximity to local amenities
As they say in the real estate world … “location, location, location.” One of the most important factors that will determine whether a tenant will work with a particular rental property in the near future is the proximity to all local amenities. Some tenants want a location in the suburbs, while others prefer a rental property in the city. Whether you want to be in the city or in the suburbs, the most important factor on your mind is how close you are to local amenities.
You want to be close to local amenities like the hospital, schools, grocery stores, banks, restaurants, and family entertainment, etc. This plays a big role in choosing where you live.
Expectation 5: Natural light
You may not notice it, but natural light is something many people look for in rental properties. People don’t want to live in a house that is dark, and they don’t want to have to keep the lights on in their house all the time. So it is very important that your rental has plenty of natural light. According to healthline.comnatural light improves your health in many ways. It boosts your mood, helps you sleep better, and helps prevent depression. Ideally, you want a window in every room in your home when possible. That’s not always an option for some homes, but it is something that renters consider.
Expectation 6: open floor plan
Nowadays people no longer want to be boxed in the common living areas. You can see on these home renovations how people want open floor plans now. With an open floor plan, the living room and kitchen are usually one big room. This concept came about because the kitchen and living room are the two places where people gather most. Because people gather the most in these places, they don’t want walls to separate the two rooms.
All in all, meeting tenants’ expectations can be virtually impossible. However, if you are able to meet many of the expectations they have on their lists, you can meet their needs.