Good tenants are possibly the most important part of any property investment, along with finding the right property which will bring good returns on a consistent basis. So if you are looking for an investment property that will attract and retain good tenants, take the following criteria into account, as quality will equate to a happy tenant.
Among the things that are most likely to attract tenants to your rental property are:
- Proximity to work or tertiary education facilities
- Proximity to shopping facilities
- Access to transport (a short walk to the train, or on a main bus route)
- Room size - many tenants will be single adults, who rarely sleep in single beds. They also need some private space, so bedrooms should be large enough to accommodate at least a double bed, stereo or television, and maybe a desk or table and chair.
- Storage - built-in wardrobes are ideal, as is space for bookcases, dressers or drawers
- Parking - a definite advantage, especially with inner city accommodation
- Security - deadlocks on doors, bolts on sliding doors, security intercoms in unit buildings.
