Tenant Trends: How to Meet the Demands of Renters Today

Whether you’re a first-time investor or an experienced landlord looking to expand your portfolio, it pays to know what tenants want.
So, what are tenants looking for in 2024? Let’s take a look.

Affordability
A growing number of tenants are living with others or moving into smaller properties to cut their costs during the cost-of-living crisis.

Location
A recent study* found that proximity to public transport and amenities was the second most important factor for tenants.

Garden
Access to outdoor space really came to the fore during the pandemic – and is still a significant drawcard, especially for tenants with children or pets.

Parking
The study found that 12% of tenants wanted access to a parking space, a trend perhaps linked to the popularity of electric cars and the need to charge them.

Workspace
Post-pandemic, many people still work from home at least some of the time and hence want a property with home-working space.

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