Creating the Perfect Property Rental

In recent years, many buy-to-let landlords have invested in new builds and affordable terraced properties. However, consumer demand is quickly changing and is being driven by the changing expectations among younger generations who symbolise the average renter. In this post, we’re going to talk about what the landlords can expect from the tenants of the future.

Private Driveways

There are obviously some renters who have to run a vehicle – but still want to be energy efficient, so, therefore, crave an electric car which needs to have a port to get frequent charge. Currently, there are very little properties with a charging infrastructure assessable to tenants and therefore become one of the biggest issues to try to overcome. If property owners and landlords were to capitalize on this, it could become seriously appealing to the tenants of the future.

Convenient Public Transport

The younger generation is reportedly seeing less of a need to own a car, this is due to a combination of reasons such as; expensive running costs, increasing traffic and the environmental impact. So for those who choose not to own a car may decide to live within walking distance of work, this type of renter may want to be close to the local train and bus stations that offer cost-effective service, without being as costly as owning any other means of transport.

Living Within Proximity of Major Employers

Once graduates have finished university, many choose to stay within the city. This is so they can take advantage of the generous job opportunities, a busy lifestyle and convenient facilities. Living in the city ensures transport costs to not to be an extra burden while they deal with modest pay early in their careers, so look out for properties within easy walking distance of the city centre and big city centre employers.

Eco/Thermal Efficiency

Peoples attitudes towards older properties might be starting to change. Once upon a time, older properties may have been perceived as characterful, nowadays people tend to think 'cold and uninsulated’. Today’s renters want to keep bills as low as possible – so are more likely to be attracted to well-insulated properties with double glazing windows, smart thermostats that can be controlled on their phones, including, low-carbon energy supplies, like solar panels and ground source heat pumps.