We asked some of our most experienced Landlords to state the most
things that Tenants look are looking for in a property. Here are some of
the responses we got from them:
To make a decent profit from the purchase of your rental property, you need to
understand the profile of tenant(s) you want, what tenants look out for, and how
you can ensure that your property meets their requirements. Based on many things
that potential tenants look out for before choosing a property to rent, we asked our
landlords to state those things that most tenants are looking for in a property. Here
are some of the responses we got:

1. Transport links
Having a property that is not far from public transport as well as access to
motorways is important. So no matter the profile of tenants you are trying to
attract, good transport links will always be crucial. Professionals and students
will prefer a property that offers easy access to train stations, bus-stops and so
on.

2. Outdoor space
It doesn’t always have to be about expensive gardens or large lawn areas;
sometimes tenants are just looking for an extra space such as a terrace, garden
or even a balcony where they can relax and get fresh air. If you are investing in a
property, ensure that you invest additional time and money into providing
outdoor space to make it look more appealing to prospective tenants.

3. Local amenities
When choosing any buy-to-let property, proximity to places like schools,
playgrounds, parks, shopping centres and restaurants can attract more tenants.
You are likely to get tenants faster when your property is close to basic
amenities, and there’s a bigger chance of getting buyers if you decide to sell the
property in the future.

4. Storage space
Many tenants are concerned about the issue of storage. The importance of bike
storage has been stressed by city centre properties’ landlords. You should expect
that your tenants will move in with lots of lots of possessions and a couple of
bulky items, and will continue to acquire more while staying in the property;
therefore they’ll need a space to store all of them. Some effective storage
solutions include inbuilt wardrobes, a useable loft, and under-stairs storage.

5. Parking
A parking space is another asset that can improve the rental and salability
aspect of any property. When people are looking to buy or rent a property, they
are concerned about where to park their cars. Tenants with cars will be
discouraged by the idea of having to pay an annual fee to park their car; you
can, therefore, maximize your rental yield by providing some sort of parking
with the property.

6. Modern facilities
Tenants prefer a property that is complete and move-in ready. Ensure that walls
and other things are kept as neutral and simple as possible, so try not to inject
your personality into them. A tenant wants a home that appeals to their taste,
not yours. Recently renovated bathrooms and kitchens appeal to potential
tenants more.

7. Open floor plan
You will always have the option of adopting an open plan or unplanned openplan. If you have very small rooms, you may want to open them up to get more
space, create an open dining and kitchen while leaving the room separate. For
buy-to-let properties, it’s best to use open floor plan for communal areas. Get rid
of any unnecessary walls between the dining room and the kitchen or between
the living room and the dining room to freshen up the look of your property.

8. Equal sized bedrooms
Trends over the years have proven that tenants of a buy-to-let property prefer a
home layout that features larger, equal sized bedrooms. For instance, tenants
would prefer that a three bedroom townhouse is equipped with a layout of 3
equal sized bedrooms plus two ensuites, instead of one that is equipped with a
large-sized master bedroom, two small bedrooms, and a bathroom. Families
may not have a problem with smaller bedrooms, but young professionals see
equal sized bedrooms as a big “plus.” Also, the government is considering setting
a national minimum bedroom size. Houses of multiple occupations would have
bedrooms with a minimum size of 70 sqft (6.5 sqm), and it would become a
crime for landlords to let out smaller rooms.


Two additional things to watch out for


9. The “Starbucks” or “Lidl” effect
Corporations spend lots of money just to research their next retail outlet’s
location. Take advantage of their research, taking note of where they are
opening new branches. This will be in areas they have identified as having
immense potential.


10. Where new transport stations or links are being added
The improvement of Galway’s Buscorridoors will contribute greatly to the
improvement of transport connections in the places they cross, making them
more appealing to prospective tenants. Tenants want quick and easy access to
major bus routes.