13 Sep 2011
It’s always important for landlords to know what renters are looking for, so some of the information provided by a recent national survey by rent.com.au
might provide just the insight that most landlords have been looking for.
According to the National Renters Survey, one of the biggest things that Australian renters are looking for is greater flexibility in their lease conditions.
A lot of renters aren’t just looking for a place that they can stay in until they can save up for their own property, many consider their rental property to be their long-term home and so, understandably, they want to be able to be able to modify their rental property to make themselves feel more at home.
This is shown in the results of the National Renters Survey, with 71.8% of renters wanting the ability to be able to hang pictures up and 56.6% wanting the ability to modify their garden.
Another issue for many renters is the issue of whether or not they can have pets at their rental property. The National Renters Survey showed that 71.4% or renters want to be able to have a pet and 60% of renters would be influenced in choosing a property due to this issue.
A lot of property owners are reluctant to have pets at their property because of the potential for damage, but there are a lot of responsible pet owners around, many of whom are reliable long-term tenants, so it may be worth considering allowing pets at your property if you don’t already do so.
A few more interesting findings from the National Renters Survey was that 79.6% of renters consider a good kitchen as highly important in making their rental a home, and that half of renters take 12 or more weeks to find a suitable property to rent. The reason for this could be that over 60.3% of renters find it difficult to inspect and apply for properties.
With the above findings in mind, landlords should take a look at the current flexibility they are allowing their tenants and consider adapting their lease conditions if it will help attract better quality tenants and improve their rental returns.