Rental properties go off the market very quickly in Ireland and landlords do not have major problems getting tenants. However the price you command can be higher or lower based on these factors. Two properties side by side can often differ greatly in price.
The fewer issues a landlord has with the property, the more likely it is that there will be more interest towards the property and the entire renting process will go faster and garner a higher rent. Which factors attract the most desirable tenants?
Condition
Having an apartment in good condition is key to having the renter respect it and keep it in that same condition. Make sure the property is clean and freshly painted with no visible issues.
Security
Everyone wants to not only be secure but feel secure. Having a good sloid front door with a good quality lock goes a long way to that feeling. Good lighting around the property is helpful.
Amenities
Amenity can be defined as “a useful or pleasant facility or service” which can include tangible or non-tangible benefits (such as pleasure or aesthetic appreciation). Amenities also cover livability, which is associated with factors that improve the quality of life. Amenities can include access to gyms, washer/driers, shopping in walking distance, and parking spaces.
Infrastructure
Tenants appreciate it when the infrastructure near the rental apartment is good. Families with young children prefer rental apartments that have a kindergarten or school nearby. For young people, proximity to university is often a decisive factor. If there is a good infrastructure near to the property, this should definitely be described when the property is advertised – this can be a clear advantage on the rental market.
Price
Pricing a rental property is an art that requires a strategic balance between competitive pricing and maximizing income. Properly pricing your rental property is crucial for attracting quality tenants, minimizing vacancies, and ensuring a steady cash flow.
Contact Foley Auctioneers list your property or visit our website to find out more. Contact us at Foley Auctioneers 018259622 or [email protected]. Stop in and we will be happy to answer your questions, Main Street, Dunshaughlin, A85 WP94.