Did you know... October 28, 2013

What do tenants want?


Tenants are looking for the same basic things as buyers – location and value.

A tenant is renting the home; they won’t pay as much as a buyer for those things that put a lot of value in the land.  A tenant will pay something for a view, but not as much as a buyer.

Tenants want a place with easy access to work, with good schools.  They want as large and updated a property as possible for their money.

Investors should consider location and price.  Look for something in good condition – updated or inexpensively updateable.  A low maintenance yard is preferable.  Avoid tenant liability issues like hot tubs or steeply pitched yards.