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Tips For Landlords: 5 Things Tenants Look For In A Rental

Being a landlord puts you in a great position to generate more income through rental yields. But whether your investment is an already existing home or a house that you’re building new, you won’t be able to determine the success rate of your rental unless you know what tenants are looking for and what they value – in essence, the elements that will set one property out from the rest. Here are five things that landlords need to know are what tenants look for in a rental.

Location

Of course, the number one factor is location. You want your investment property to have a convenient and highly-demanded location. Although that will differ depending on the audience you’re targeting. If you have a large family home, your tenants will want a safe neighbourhood that has good schools, sports grounds, shops and other family-friendly amenities. If you have a smaller property for singles or couples, a highlight in location is its vicinity to public transport, lively restaurants and a bustling lifestyle. Don’t forget that many tenants are likely to sacrifice other wants of a property if it’s in a highly-desirable area. It’s easy to renovate a home, but the location is key.

Open Floor Plan

For tenants, a rental isn’t their “forever home”. For this reason, most people want a modern design with an open floor plan so that they can arrange furniture and create a space that is appropriate to them and accommodate their belongings. You want your investment property to offer flexibility and ease of mind for those moving in and out.

Appliances

It’s a bonus when a property offers renters bulkier appliances that they often do not own. Dishwashers, washing machines and dryers are electrical items that make the home more convenient and “liveable”. These modern touches are an investment for a landlord, just as much as the property itself.

Natural Lighting

If you’re building a new house, keep in mind the orientation of the home. Natural lighting is something that tenants consider since no one wants to live in a dark space! If your investment property is an existing home, you won’t be able to control the natural lighting but you can keep the interior bright and airy with light colours on the walls, flowy curtains on the windows and strong lighting.

Parking

People do not like having to look for street parking when going back to their own home at the end of the day. It’s a major inconvenience. A garage, carport or even driveway is a big factor as to whether or not people sign a lease. In fact, it’s why there’s an icon for it next to bedrooms and bathrooms on advertisements! Unless your investment property is in the vicinity of a city, opt for a property with private parking or at least generous parking in a quiet street.

If you’re a landlord looking to build a new two-storey home, let us tell you why New Edge Homes is the best choice. Call us on 1300 230 463 or visit newedgehomes.com.au today for more information on building a successful investment.

Testimonials

Building a New Living Home has given me confidence that I can easily embark on building a home rather than buying a place, and get a better house/ home rather than a small flat. But you have to choose a builder that KNOWS how to build, that builds exactly how the design dictates. A builder who can deliver what they say, when they say. A house that won’t look daggy in years to come is important too, and New Living Homes did just that. The overall investment has worked out well too, growing in value is a short period of time.

G.Pace

”The idea of our brand new home is still really sinking in as we never dreamt of building or ever own. A VERY big thank you to New Living Homes for giving us a brand new home! You’ve made our dreams real!”- Grevillea 4.1, Elegance Facade

L & M King

We would just like to say a massive thank you once again for all your help with the house. We moved in on the weekend and we are loving it ! So thank you for being part of the team that made our dream come true.

Belinda, Jordan Springs, Acacia 4 Urban

I love that my new home is mine!!!! There is nothing I don't love about it. The finishes are great and it is just perfect! I love showing it off to people and all of my friends and family love it and always compliment the design and workmanship.

B.M - Spring Farm  

‘’From the very beginning, our experience with New Living Homes has been nothing but amazing. From our very first meeting at Spring Farm, to the accounts team, to the pre-construction team, and our Construction Manager on site, nothing was ever an issue, or a question too stupid’’.

Rebecca & Steve - Jordan Springs 

‘’I have been extremely happy with my experience with New Living Homes and have told anyone and everyone about our build. Everything went smoothly and yes there were a few problems but our site manager sorted them out as quickly as he could.. Throughout all the build, nothing was too much trouble for our site manager’’

Debbie & Brian - Jordan Springs 

After hearing some horror stories of people building their homes we were fairly nervous to see how it would all
unfold however from the very first dealing with New Living Homes we could not fault a single thing. I would like to
give special mention to Emma from the Brooks Reach Display who was very accommodating with us pestering her
with what seemed like every week as we would be checking different things in the display home.

Tim & Kara - Flinders

My experience was excellent. This was the second house I have built in 4 years and the whole experience was a pleasure from start to finish. All of the sales team were very helpful and very responsive to each and every enquiry I had.

Damian & Lauren - Spring Farm 

Building with New Living Homes has been a pleasant and enjoyable journey so far, and we know we have Sandra to thank for this. Her customer service is second to none, and has made all the difference in building this time round. My husband and I just wanted to make sure recognition and praise was given where it is due. Thanks again for everything Sandra! We are looking forward to more builds with NLH. 

D.E, Marsden Park 

I always thought that building a house in Australia would be a nightmare like everyone told me but it was more than a pleasure as I was never troubled about anything. The process was as smooth as a butter.

Thank you guys, its because of your amazing team work, good flow of communication and the zeal to work hard to let people achieve their dreams, has gotten us what we really wanted. -

Monika & Mayur, Elara 

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