It's harder than ever to get onto the properly ladder these days and more and more people are renting rather than buying property. If you're in the same position, don't worry, there are plenty of benefits to renting, including not being hit with potential huge maintenance bills! Also, if you have a property that you can rent out, if you do it right you could make a nice profit.
Because renting is so popular with modern day millenials, there are plenty of lovely places to choose from if you are looking to rent. Landlords will need to keep up with modern times to attract quality tenants too.
Here are some of the things that modern renters are looking for in 2018.
A trustworthy relationship
A decent landlord is a must. If you are renting go through a reputable estate agent or use a landlord that comes with references. If you are a landlord make sure that you also check references and that you are fully insured with the appropriate insurance. you can get good quality and cheaper landlord insurance from HomeLet. Make sure that there are proper contracts in place between you and each party knows what to do if something goes wrong in the property.
Modern renters want clean and modern decor and are prepared to pay a premium for it. Everyone wants to be proud of the home that they live in and it's desirable to have nice floors, a good quality kitchen and a modern bathroom. Some landlords are happy for tenants to put their own touch on a property, with the stipulation that they put it back as they found it when they leave. This is a great compromise.
Because more and more people are renting long term rather than buying, more and more tenants are looking for a property that will accommodate pets. If you are a landlord and this is something that you can accommodate it will no doubt make your property more desirable. Just make sure that appropriate insurances and deposits are in place in case there is any damage caused by the pets.
Security & Reliability
Just as a landlord will want to be paid their rent on time, a renter will want to know that any maintenance requests will be dealt with promptly and efficiently. Both parties will want to be secure in their contracts too, especially if they are longer term. Regular contact between the landlord and tenant should help both parties feel more secure.
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