5 Most Wanted Features in a Rental Property

You may have recently identified a rental property that appeals to your soul. However, before closing the deal, you may wonder, from a tenant’s point of view, does it has the most desired features in a rental property. 

Photo of a birdhouse hanging from a wire - 5 Most Wanted Features in a Rental Property
Having a lot of desired features in their rental properties will help landlords keep their vacancy rates as low as possible.

5 Most Wanted Features in a Rental Property

When looking at things from an investor’s point of view, you want to make your property as attractive to potential renters as possible. This blog post will highlight some essential features an ideal rental property should have. So let’s dive right into it!

1. A Safe Neighborhood

Moving into a new neighborhood is more than just switching houses. It also means that you are joining a new community and adapting to a different lifestyle from what you are used to. Therefore, it is important to move into a rental property that can provide peace of mind and offer protection for your family and belongings. 

Some of the things to look out for when hunting for a safe neighborhood include landscaping, low crime rates, proximity to amenities, aesthetics, and suitability for your current lifestyle. You may also need to ascertain that you have access to excellent healthcare facilities and public services.

2. Easy Access to Public Transportation

Finding a rental property close to public transportation can provide countless benefits. For example, it can save you the headache of not worrying about driving in heavy traffic or looking for parking. This can be especially ideal if you’re a young professional looking to live near your workplace, restaurants, or shops.

Living near public transportation can also save you money on gas and car maintenance because you won’t have as much need for a vehicle. Regardless, taking the bus, train, tram, or light rail can enrich any lifestyle, whether you live in an urban or suburban area.

3. Sizeable Storage Space

Plenty of storage space is an integral part of living comfortably, as it allows you to store your items in a tidy and organized manner. But, of course, the amount of storage varies depending on your home and lifestyle. For example, if your family is large, you may need a lot of storage, but if you have a more minimalist approach to life, you may not need much space.

For most people one of the features in an essential rental property is storage. Having enough closets, cabinets, and possibly an attic will make your property more attractive to renters. So however non-traditional your way of storing might be, look for ways to increase your property’s storage space to build up this desirable feature.

4. A Comfortable Living Space

Having a comfortable living area is essential after a long day at work – that’s why it’s important to rent a home that meets all your needs. Whether you want a cozy bed, comfortable sofas, or the best-looking decor, spending some extra time to spruce up your space can really do wonders for how comfortable you feel after a stressful day.

Try adding soft seating materials and plenty of throw pillows and blankets around your common areas as well as replacing uncomfortable furniture with more modern pieces. Hang up some art if you like, add real and artificial plants – whatever it takes to make sure that your living area is inviting enough that all of your stress melts away when you walk through the door.

5. A Reasonable Price

Price remains a determining factor when it comes to renting a property. Finding an appropriate rental property is an important task that requires careful consideration of multiple factors. Like shopping for health insurance or opting to shop plans with Assurance, it is advisable to go for a house with flexible pricing. 

Price should not be the only determining factor; ensure your rental property fits within your overall budget and life goals. As such, finding a balance between affordability and availability is key. If you can adjust your expectations slightly, perhaps substituting one location for another or prioritizing certain features over others, it’s possible to find a place that will satisfy your needs.

Remember that while you may not be able to find everything on your list, acquiring a place at a reasonable price is essential to ensure your wallet remains secure.

In Conclusion

There are a lot of factors to consider when looking for a rental property, but these five items are some of the most important. With so many things to keep in mind, it can be helpful to list your priorities before you start your search. Keep this checklist in mind, and you’ll be sure to find a rental property that’s perfect for you.

Tre Pryor, Realtor

Tre Pryor is the leading real estate expert in the city of Louisville. He is a multi-million dollar producer and consistently ranks in the top 1% of Louisville Realtors for homes sold. Tre Pryor has the highest possible rating—5.0 stars on Google—by his clients and is routinely interviewed by the local NBC news. Tre Pryor is a member of the RE/MAX Hall of Fame.