{"id":20549,"date":"2018-08-28T09:45:22","date_gmt":"2018-08-28T08:45:22","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=20549"},"modified":"2023-10-10T09:56:32","modified_gmt":"2023-10-10T08:56:32","slug":"furnished-or-unfurnished-landlords-need-to-cater-to-tenant-demand","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/furnished-or-unfurnished-landlords-need-to-cater-to-tenant-demand\/","title":{"rendered":"Furnished or unfurnished? Landlords need to cater to tenant demand"},"content":{"rendered":"

All buy-to-let landlords should know how important it is to meet the needs of their tenants, but there could be a discrepancy between what tenants want and what’s on offer.<\/strong><\/p>\n

New research from comparison website GoCompare has revealed that while only 14.29% of landlords<\/a> offer their properties unfurnished, a huge 60.29% of prospective tenants<\/a> said that they’d prefer an unfurnished rental, meaning there’s a 46% gap between what’s available and what’s required.<\/p>\n

It also showed a big discrepancy when looking at a property’s location. Almost a quarter (23.16%) of tenants wanted their properties to be close to schools, while just 15.33% of landlords mentioned this in their listings; but 58.34% of landlords mentioned proximity to work<\/a> or university as a property asset, despite this being on the wish list of just 16.88% of tenants.<\/p>\n

Cleaning services were something else at the top of 16.21% of tenants’ priorities, but this was mentioned in just 3.04% of property listings.<\/p>\n

How to be a good landlord<\/h4>\n

While the GoCompare<\/a> statistics only used data from 1,000 tenants surveyed in June, and compared this to 1,546 rental listings on Rightmove – which is of course a tiny proportion of the overall market<\/a> – it does serve to highlight the importance of landlords fulfilling their tenants’ needs for optimum success.<\/p>\n

When embarking on property investment<\/a>, whether you’re a business landlord or an accidental one<\/a>, it’s important to keep the tenant in mind at all times. For locations that would attract higher numbers of families, such as ‘safe<\/a>‘ areas close to schools, landlords should prioritise a garden, parking and distance to nearest schools in their property listings to attract this tenant type.<\/p>\n

Meanwhile, in city centre<\/a> locations, it could be assumed the property will attract more young professionals<\/a>, so the landlord could consider offering a furnished property, and mention aspects such as local bars and restaurants, gym facilities and public transport options to cater for this demographic.<\/p>\n","protected":false},"excerpt":{"rendered":"

All buy-to-let landlords should know how important it is to meet the needs of their tenants, but there could be a discrepancy between what tenants want and what’s on offer. New research from comparison website GoCompare has revealed that while only 14.29% of landlords offer their properties unfurnished, a huge 60.29% of prospective tenants said… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":20558,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,4,6],"tags":[15,341,10],"class_list":["post-20549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buy-to-let-landlords","category-investment","category-uk-housing-market","tag-landlords","tag-newsletter","tag-tenants"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/20549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=20549"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/20549\/revisions"}],"predecessor-version":[{"id":6097368,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/20549\/revisions\/6097368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/20558"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=20549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=20549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=20549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}