When searching for a new place to call home, location is often considered one of the most important factors for renters. However, when properties are located in the same neighborhood, renters may find it difficult to differentiate between the available options. In these situations, the amenities offered by a property can be the key factor that sets it apart from the rest.
Renters are always looking for amenities that provide convenience and improve their quality of life. For this reason, it is crucial for property owners to focus on offering desirable amenities that will make their property more competitive in the rental market. To help landlords understand what renters are looking for, we have put together a list of the most desirable amenities for renters in Nova Scotia.
Adequate Parking Space: This may only be applicable in downtown or highly populated areas, such as Halifax, however, a safe and always accessible place to park a vehicle (ow two) is a must-have for many renters. Renters do not want to be driving around finding a parking space or have their friends or family parking a block and a half away when visiting.
Soundproof Walls: This may only be applicable to multi-unit properties, however, renters need a quiet place to rest after a long day, and soundproof walls can help provide that. Tenants will appreciate the peace and quiet, making properties with soundproof walls more attractive in the rental market. No one wants to hear various and indistinguishable noises coming from neighbours.
Additional Storage Space: Properties with ample storage space are highly rated by renters. For those with many belongings, extra storage space can make a big difference. Property owners can add built-in closets and shelves, or even repurpose unused space such as the basement to provide additional storage options.
Access to Essential Services: The availability of essential services in the neighborhood is a major factor in a renter’s decision-making process. Renters appreciate being able to walk to a nearby store, school, or pharmacy, making properties with easy access to these services more desirable. Nearby access to public transportation is another key aspect many renters would consider a must!
Access to Outdoor Spaces: Outdoor spaces such as balconies, patios, and gardens can provide additional functionality and make a property more attractive. A balcony with a good view or a backyard garden can greatly increase the interest in a property.
A Modern Kitchen: The kitchen is one of the most commonly used areas in a home, and also one of the most noticeable. A contemporary design with modern appliances and durable materials such as granite countertops can make a property more desirable. Rental property owners should consider using easy-to-clean materials and non-slip floor tiles to make the kitchen a safe and comfortable place for renters.
Air Conditioning and Heating Systems: Suitable air conditioning and heating systems provides great comfort to renters, especially during the summer and winter months. The ability to regulate temperature and air quality is important, and renters appreciate the ease of adjusting the temperature to suit their needs.
Additional Amenities: Renters appreciate additional amenities such as heated floors, in-suite laundry, and furnishings. Depending on the size and design of a property, landlords can invest in adding these amenities to make their property more attractive in the rental market.
What’s included? Carefully consider what is going to be included in the monthly rent when you rent your property. Is lawn care and snow removal included? Is electricity and/or water included? What about wi-fi? Is laundry free or paid? What you include (or exclude) in the monthly rent is extremely important! Renters will take these small details into consideration because, as mentioned previously, convience for the tenant is key! If they do not need to mow the lawn, shovel their driveway, havea wifi bill or use a laundromat – that is very convenient for them and will make your property more sought after than others that do not include these amenities with the monthly rent.
In conclusion, finding the right balance of amenities can help make a property irresistible to renters. Renters look for comfort and convenience in the homes they rent, and properties with amenities centered on their needs are more likely to be competitive in the rental market. At True Acre Properties, we have a team of professionals who know and love Nova Scotia, and we are committed to serving our clients and the province we live in. If you need assistance in managing your rental property, contact us!