Property condition and a good landlord most important for tenants
More than ever before, tenants looking for somewhere to live in the PRS are concerned with things such as the condition of the property and making sure they get a good landlord, according to new research.
It used to be the case in the rental market that location was king, with people looking for city centre properties and places that are close to transport hubs, but according to the new report from Your Move, this has been relegated to the fourth most important aspect, behind condition, landlord and value for money.
In the survey, it was revealed that as many as 52 per cent of tenants in the UK believe that property condition is vitally important when they are choosing to rent a home, while 46 per cent said that having a good landlord to work with is equally important.
Coming in just behind these in third place was value for money, with some 45 per cent saying that this is something they are always on the lookout for. In fourth place was the former leader of the pack, location, which 38 per cent of people now see as being very important.
Other important considerations include having a parking space (31 per cent), a low maintenance home (24 per cent) and access to good storage space within the property (21 per cent).
"It’s not just about where you actually live anymore, but also the condition of the property as well as whose roof you’ll be living under, that are collectively important to tenants these days," said Valerie Bannister, head of lettings at Your Move.
"As the rental sector continues to grow, so do people’s expectations of what a property should offer them and it’s understandable that landlords who present and maintain their properties and who even consider the lifestyles of their prospective tenants will be viewed more favourably than others."