{"id":16572,"date":"2018-05-08T14:15:07","date_gmt":"2018-05-08T13:15:07","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=16572"},"modified":"2018-05-08T14:15:07","modified_gmt":"2018-05-08T13:15:07","slug":"going-green-could-help-landlords-attract-more-tenants","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-us\/news\/going-green-could-help-landlords-attract-more-tenants\/","title":{"rendered":"Going green could help landlords attract more tenants"},"content":{"rendered":"

Environmentally friendly landlords could see themselves in high demand after new research has found that many tenants consider how eco-friendly a building is when choosing a home – especially those who pay higher rent.<\/strong><\/p>\n

More than two fifths of tenants in the UK (42%) say that they take into account how eco-friendly<\/a> a property is before deciding on where to rent<\/a>, a survey by Your Move sister company LSL’s PRIsm has found, while this figure rises to half of tenants in London<\/a>.
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\nThe importance of green<\/a> credentials seems to be linked to the level of rent<\/a> paid by tenants, with 63% of those paying \u00a31,351 to \u00a31,600 per month saying that an environmentally friendly home is a top priority when choosing where to rent, compared to just 37% of renters paying \u00a3350 a month or less.<\/p>\n

The findings reveal that considering the environmental impact of their rental properties is a key way for landlords to attract more tenants<\/a> in an increasingly competitive environment, particularly as the number of renters across the UK continues to increase as homeownership levels fall<\/a>.<\/p>\n

From April this year, all rental properties across the UK must achieve a minimum EPC rating of E<\/a>, which is a measure of the energy efficiency of a home and affects the tenant’s utility bills as well as the environment, and this could be set to a minimum of C in the future.<\/p>\n

Green space is high on the agenda<\/h4>\n

Martyn Alderton, national lettings director at Your Move and Reeds Rains, said: “Whether it\u2019s to reduce their energy consumption, save money or make a positive impact on the environment, it\u2019s good to see that tenants consider the \u2018greenness\u2019 of a building<\/a> an important factor in their rental decision.<\/p>\n

\u201cAs we continue to build more and more homes for our growing population, it\u2019s vital that we do whatever we can to create a more sustainable future<\/a> for our planet and use our resources as carefully as possible.\u201d<\/p><\/blockquote>\n

The Your Move survey also found that 32% of renters were interested in a communal garden<\/a>, while 30% would be happy to pay extra for a vegetable allotment, proving that green space is important to Generation Rent, despite it often coming at a premium in city locations.<\/p>\n

In London, renting households can expect to pay as much as 20% more per month if they have a garden, and this is likely to be mirrored in cities such as Manchester<\/a>, Birmingham and Leeds<\/a>. Landlords who can offer green space, as well as proof that their properties go some way towards being eco-friendly, may find themselves a much more popular choice for tenants.<\/p>\n","protected":false},"excerpt":{"rendered":"

Environmentally friendly landlords could see themselves in high demand after new research has found that many tenants consider how eco-friendly a building is when choosing a home – especially those who pay higher rent. More than two fifths of tenants in the UK (42%) say that they take into account how eco-friendly a property is… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":15158,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,6],"tags":[275,341],"class_list":["post-16572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buy-to-let-landlords","category-uk-housing-market","tag-environment","tag-newsletter"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/16572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/comments?post=16572"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/16572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media\/15158"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media?parent=16572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/categories?post=16572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/tags?post=16572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}