What families look for in a rental property
Like any market, the rental sector is made up of different demographics.
Some renters are students looking for a unit or share house close to university or TAFE, others are young professional couple where access to the CBD might be a priority, but a large proportion of Australia’s renters are also families.
And like each of the demographics listed above, families come with specific needs.
If you’re looking to make your investment property family-friendly, here’s an insight into what families look for in a rental property.
A good neighbourhood
Things like safety and liveability matter to a lot of renters, but particularly to families who tend to seek a warm, welcoming neighbourhood where other families reside.
Whether it’s a cul-de-sac or tree-lined street with footpaths for bike riding and family walks, the feel of the property’s surroundings and suburb will be among the features they seek.
Meanwhile, the safety of the property itself will also be a consideration, and often includes things like a fenced yard, pool safety, and also minor details such as safety fixings for blind cords.
Amenities
Families are often after suitable amenities such as local shops, good schools and even childcare centres. Parks in the area can also be a bonus, as can sporting and playing fields. Â
Space
Whether it’s a backyard to play in, an extra lounge room, a rumpus room, oversized bedrooms or an outdoor entertaining are, additional space can be a real drawcard for families.
Sometimes this even includes additional space for the four-legged members of the family, so it’s worth considering if you would like your property to be pet-friendly in order to accommodate family living.
A garage to accommodate vehicles is also often sought after by families, as is off-street parking.
Storage
One of the biggest challenges of family life is finding places to store all those large and small extraneous items.
That’s why properties with additional storage options are popular. This can range from built-in wardrobes in each bedroom to oversized pantries and linen cupboards through to a shed where bikes can be stored.
Great kitchens and additional bathrooms
The kitchen is often the heart of any family home, which is why a great kitchen is often important to families who are renting.
Features in the kitchen that accommodate family life then include sufficient space for a large fridge, a decent oven and cooktop, a large pantry, and plenty of bench space.
Meanwhile, extra bathrooms beyond the home’s main bathroom are also popular. This might include an ensuited main bedroom, or an additional powder room in order to accommodate the extra people who all live under the same roof.
How we can help
Our experienced property managers pride themselves on establishing great relationships with both rental occupiers and owners.
We manage every property as if it were our own and you can learn more about our property management services here.
Alternatively, if you are looking to rent a property, you can view the properties we currently have available here.
