Renting out your property to a family is vastly different from renting to a single individual.
And it’s not just a matter of size, either. (Although size definitely plays a role.)
What really makes families different from individual tenants is that they have different needs and requirements. So if you’re planning to rent out your property to families, make sure it has the features they often look for.
Here are five of them:
Safety is a top priority for any family, especially if there are young kids in tow.
One thing families always consider is the safety of the neighbourhood. Is it safe to walk around with their kids? Is it in a high-traffic area with a lot of cars passing by?
Aside from the general safety of your neighbourhood, parents will also consider the level of safety in your property. Are there steep stairs or open ledges that toddlers could fall off from easily? Is your property adequately fenced and separated from others?
The safer and more family-friendly your property is in, the stronger a family will consider it.
2. Ideal Location
A good location is always a big factor for tenants, but it’s even more important for families.
That’s because it will affect the lifestyle of not just one person, but everyone in the family. Many parents will assess your property’s location in relation to a variety of places central to their lifestyle. These include their workplaces, supermarkets, shopping centres, parks, and nearby playgrounds.
Then there’s their children’s education. Are there any nearby childcare centres for their toddlers? And if their kids are in school age, are there any good schools nearby? Many families will also choose properties based on the school catchment, so keep that in mind when marketing your property to families.
3. Enough Space
There’s no way around the fact that a family will need enough space to house everyone comfortably.
If there are not enough rooms for everyone, or if it feels too cramped inside when everyone is home, then they simply won’t consider a property seriously. This means that studio apartments (and often even two-bedroom units) are usually out of the running.
For a family to consider your property, an open plan living and dining area, as well as private and soundproof bedrooms, will be a big plus. Having more than one bathroom is a big factor here too as parents often prefer the little bit of privacy they get from having their own ensuite bathroom.
With more people living in one property, storage space is much more important to families than individual tenants.
The more storage your property offers, the more attractive it will be to families.
So, if you’re targeting families for your property, you need to make sure you’re offering plenty of storage for their things such as built in wardrobes and plenty of pantry space in the kitchen. Remember that families will consider not just personal storage space for each member of their families, but also general storage in living rooms, kitchens, and common areas.
5. A Good Kitchen
Kitchens are the heart of homes, so it’s no surprise that a good kitchen will make any property more attractive to families.
Heads of families love kitchens with plenty of working space, allowing them to cook and prepare food more easily than in small, cramped kitchen areas. Remember that the kitchen appliances in your property (and their working condition) will also affect how desirable your kitchen is. If you really want to get their attention, consider investing in appliances high on most families’ checklists (e.g. good stoves, an oven, a dishwasher, etc.).
If there’s one investment that often pays off for attracting family tenants, it’s usually the kitchen.
Need Help Renting Your Property to Families?
Finding a family to rent your property to can be hard, but it’s easier when you know what they look for and how to highlight the features they want. If you need help renting out your property in Brisbane to a family tenant, don’t hesitate to contact us to find out how we can help you.