What Do Families Look For When Choosing A Rental?
If your ideal tenant is a young family, then you’ll want your investment property to reflect their needs perfectly. Choosing an investment property that meets the location and lifestyle needs of a family will help you put your best foot forward for attracting your desired tenant. Here are some features to look for in an investment property for targeting families.
Close To Schools and Childcare Centres
Young families are likely to have young toddlers or school-going children, so you’ll want to choose an investment property that is close to schools and childcare centres. It’s natural to assume that both parents will want to go to work, so a good strategy to attract these types of tenants is to choose a location close to childcare and school facilities. Properties located within walking distance or short drives to schools and childcare centres are lucrative choices for young families, which means that they may be willing to pay a little more rent. A good location could also trigger longer-term tenancy commitments because parents don’t want to enforce too much change on their kids.
Storage Space Solutions
Parents with children will utilise homes differently than professionals and retirees. This is because kids usually have plenty of toys, clothes, baby cots, games, video games, books and much more. Naturally, these items need to be stored in proper locations to unclutter floor space. Addressing storage issues of young families is a great way to attract them to your property. For example, adding built-in shelves, cupboards and wardrobe organisers will help parents maximise storage, increasing the appeal of your home. By adding functional storage space to your bedrooms, living rooms and bathrooms, you will equip parents with the basics they need to maintain a clutter-free home, despite the presence of small kids.
Low Maintenance Floors
Small kids are messy and no one can do much about it. Remember that kids like to sit on floors to play with their toys and eat food. These actions could inevitably lead to spills and marks on the floor. If you have carpeted flooring, this could be a real nightmare for cleaning, so you’ll want to choose low maintenance floors that can endure the onslaught of children. For example, porcelain tiles, ceramic tiles and wooden floors are low maintenance because spills and stains can simply be wiped away with soap water and a cloth.
Walls Are Painted With Darker Colours
Got a child that likes to experiment with painting? Chances are it’s going to spread onto your walls and floors. Most parents with young children will love the idea of low maintenance walls with dark colours because they can hide blemishes far more easily than light walls. By introducing darker tones to your walls, you are more likely to attract these types of tenants to your home. Tenant parents will appreciate your effort to make their lives easier and will lean towards making a long-term commitment to your home.
If you’re looking to buy an investment property that appeals to families, you can express your interest to buy and be notified when a property matches your criteria.