What to look for in a rental property in 2024

Posted on: Friday, January 26, 2024

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With the New Year bringing potential for a fresh beginings, searching for your next rental property might be one the most exciting ways to kickstart 2024. To help you get started, we have put together a list of key things to look out for when viewing properties, so you can narrow down the search and find your perfect match this year.

 

A good EPC rating

Powering and heating a home isn’t cheap, but high energy efficiency can remedy this. It’s important to always check the home’s EPC rating before moving in, as this will likely dictate how much you’re going to be spending on energy bills. The one exception to this is if bills are included in the rent, in which case, you’ll be paying a fixed amount each month. 

 

Storage space

A home that provides plenty of storage space is ideal for tenants who plan on sticking around for the long haul. So, whether you’re a tenant seeking your first home, or a landlord looking for a long-term agreement, keep an eye out for properties with extensive storage space.

 

Pet-friendly

Pet-friendly properties are becoming more popular for tenants and investors. As the Renters Reform Bill makes its way through Parliament to improve the quality of rental homes, landlords are starting to open up to the idea of pet-friendly rentals. Pet-friendly listings will always be in high demand, and if you’re a tenant on the lookout, make sure to ask an agent to help search for a home with your specific needs.

 

Outdoor space

Whether it’s a garden, a balcony, or a communal outdoor area, proximity to outside space is essential for your all-around health and well-being. As working from home has become the new norm, being able to take a breath of fresh air at home is key to maintaining a healthy work-life balance.

 

Roommates

There are endless benefits to house shares for both landlords and tenants. If you’re a single renter, having some extra company to split the bills and help with household tasks could be an attractive option. For landlords, houses of multiple occupation (HMOs) are a great opportunity to tap into the student and young professional market, which are two groups where demand is typically high.

 

A good landlord

Having a communicative and helpful landlord or letting agent on your side is fundamental to feeling happy in your home. It’s important to ask plenty of questions about property management during any viewings, whether online or in person. You’ll need to know details such as how repairs are dealt with, what the tenancy agreement entails, and how your deposit will be protected. A good agent or landlord will be responsive to any questions or concerns you have, so don’t be afraid to voice them from the get-go. 

 

Contact us

Are you looking for a rental home for 2024? Read our Guides to Renting and Letting, and contact your local Guild Member today.