Having some good tenants for your real estate business is indeed a significant factor for better a yield. However, as a landlord, you should not solely think of the returns, but you should likewise think of the things or features that would attract tenants, especially the good ones.
There are many things that may attract a good tenant. Every aspiring landlord or even sellers should be asking this question, before starting a rental home business or any real estate transaction. Caroline James highlighted in his article some of the things that may attract tenants and top his list is the location of the property.
What do tenants really want in rental homes in 2016?
We observe that Aussies are willing to pay substantially more money to live in their preferred location, which is usually built up hubs and cities with amenities (and) the most important amenity above all is transport. Read full article...
In line with amenities and hub spots nearby the rental place, there are also some other reasons to consider in relevance to location. Safety for example is one of the said elements surrounding quality of location that most tenants that would attracted to. Erion Shehaj emphasized the necessity of safety in connection to attracting tenants:
The Top 10 Rental Features That Attract Cream of the Crop Tenants
Safety is our most basic human need and a powerful motivator for excellent tenants. One of the main reasons why your prospective tenant decided to spend more to lease a home (as opposed to an apartment) is to provide a safe environment for themselves and their family. Therefore, research crime statistics and only purchase properties in safe neighbourhoods. Read original post...
The area or location of your real estate investment surely has significant value among buyers or tenants. Most of the prospect renters or even buyers will evaluate the location of the property or dwelling in connection to their possible living quality. That is why it is important to highlight location in every real estate transaction.
