Let’s dive right in and discuss the important things short or long-term residents say they need and want in a rental property.
Many residents dream of having fancy kitchens with stainless steel appliances, beautiful granite countertops, and the luxury of doing laundry in the convenience of their suite. Many also like having access to onsite gyms and recreational rooms to gather with friends. But do they need all of these things, or are they just luxury perks?
While these things are what most renters need, only some rental places have them all.
Here are the top 10 things residents say they NEED:
In-suite laundry: Who doesn’t enjoy having laundry in their suite? Plus, it’s super convenient.
Outdoor Space: Having a balcony, patio, or garden area lets you enjoy the outdoors with just one step outside. We can smell the summer BBQs from here.
Updated Appliances: Modern and well-kept appliances like fridges, stoves, microwaves, dishwashers, and washers/dryers are essential. Stainless steel ones look cool, too.
Dedicated Parking: People like having their own parking spot, whether in a garage, carport, or an assigned outdoor area. And who doesn’t love visitor parking?
Security Features: Safety is essential; most people want secure entry systems, cameras, and well-lit common areas. Security is KEY!
High-Speed Internet and Cable: Fast internet and TV connections are essential for work and fun – no one likes their internet cutting out mid-football games.
Pet-Friendly Policies: Many renters have pets, so they like places that allow dogs or cats and have spots for pet exercise. Cause your pets deserve a place to call home, too.
8. Air Conditioning and Heating: A good heating and cooling system keeps everyone comfy, especially in places with extreme weather (such as the prairies in mid-winter).
9. Storage Space: Having enough places to put your stuff is a big deal. This includes closets, cabinets, and maybe extra storage in a basement or unit.
10. Maintenance Services: Quick help with fixes and repairs is also super important.
So, these are the things that residents need, but only some rentals have them. However, it is essential to note that your needs can change depending on where you live and what you want in a rental suite.
Here are the top 10 amenities that residents WANT:
Smart Home Features: People love homes with smart technology, such as thermostats, doorbell cameras, and keyless entry. It’s cool when you can control everything with just a click!
Swimming Pool: Having a pool, especially in warm places, can make a home much more attractive.
Fitness Facilities: If there’s a gym on-site or nearby, it’s a no-brainer for health-conscious residents.
Community Events: Hosting fun activities for everyone in the neighbourhood makes people feel like they belong. Most folks want their rental property to offer family-friendly events.
Community Spaces: Shared spaces like clubhouses, lounges, or game rooms bring neighbours together. Who wouldn’t want a place to rent out for parties?
Aesthetic Appeal: A well-designed, good-looking property with nice landscaping and modern finishes is a big plus for many renters.
Green Spaces and Parks: Access to parks and outdoor areas is also a big bonus.
Concierge Service: Fancy properties offer services like handling packages and helping with reservations. It’s like living in a movie!
9. Fireplace: A wood-burning or gas fireplace adds a cozy feeling to a rental home.
10. Home Office: More people work from home now, so having a dedicated office space is a big deal.
Rental homes can be very different, and what people want can vary a lot. It depends on where they live, who they are, and what they need. Some things, like safety and being pet-friendly, are really important. But others, like having a pool or fancy stuff, are like special treats.
Remember, what’s considered a luxury in one place might be normal elsewhere. That’s why it’s so important for property owners and managers to research and ask their residents what they would like to see in their property.
In the real estate world, things are constantly changing, so staying tuned in to what residents want is a must. Whether managing a fancy apartment building or cozy suburban rentals, tailoring your offerings to your renters is the way to go in the rental market.
Check out Avana’s rental suites here and discover all that we have to offer.