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Do You Know What Tenants Look For In A Rental Property?

If you have buy-to-let properties in Hackney, do you know what prospective tenants will be looking for in a rental home? And more importantly, do you know what features they’d be prepared to pay a premium for?

If the answer to either or both of those questions is ‘no’, then don’t worry because a recent survey highlighted by Letting Agent Today could give you some idea of what to focus on.

Whether people are renting a house or a flat, the most important thing is a fast broadband speed, so make sure that you not only know what your broadband speed is, but also check that it’s good enough that it won’t put potential tenants off.

Parking was important to those renting flats and houses, although having off-street parking was the second-most important feature for renters in houses, while those in flats named allocated parking as the third-most important thing they look for. A modern kitchen and bathroom made up the top three for both groups.

Interestingly, when it comes to the things that tenants are willing to pay more for, a newly refurbished kitchen and bathroom is at the top of the list for both tenants in flats and houses. This means that it’s worth spending the money revamping these rooms to gain a higher rental rate.

Last month, Property Wire shared the findings of Zoopla’s Rental Market report, which showed that rents in London had climbed by 2.8 per cent in the final quarter of 2019, their highest rate of growth in three years.

If you’re looking for letting agents in Hackney with knowledge of the local market and a friendly approach, come and see us today.