A study released by Secured Loan company Ocean Finance has revealed some of the main qualms that put potential property renters off. Here are some of the key issues revealed by the survey, and tips on how to address them in your own property:
- Noisy neighbours (55%) – More than half of potential tenants are put off by the presence of noisy neighbours. On the face of it, this can seem like something of a lost cause, but if you’re willing to be ever so slightly devious then it’s completely possible to keep even the neighbours from hell quiet for long enough to convince a prospective buyer that this neighbourhood is the bee’s knees. If you get on well with your noisy neighbours, why not arrange to meet them for a coffee while your property viewing takes place? Having said that, there must be better ways to deal with this problem, otherwise your tenants aren’t likely to stay for too long. What would you suggest?
- Mouldy rooms (49%) – Mouldy rooms are a massive turn-off for would-be buyers, and who can blame them? The vast majority of us want to live in clean and healthy houses. Avoid putting off buyers and tackle any mould problems head on.
- The property is in a poor state of repair (43%) – It doesn’t take a rocket scientist to understand that properties in a poor state of repair are basically unappealing. Address the most visible problems, like flaking paint or broken lights, as buyers and renters have sharp eyes.
- No central heating (30%) – Installing central heating is a big project. Just bear in mind that families and the elderly in particular will be put off by the absence of this facility.
Ian Williams from Ocean Finance summed up the findings of the survey, commenting: “It’s good to see that landlords are generally very savvy about what gives a home a lot of potential. It isn’t about decoration, which can be changed relatively easily – it’s about how pleasant the area and the house are to live in. Tenants also seem to know that more insidious problems like mould are best avoided unless they have the funds and the time to make all the necessary repairs and changes.”