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Point2 recently released asurveydetailing the top features renters look for in a potential home.
Here are the top five, ranked high to low.
Rent Price
According to Point2s survey, 70% of renters consider the price the top priority.
This makes complete sense to Eric Preston, CEO ofNewConstructionHomes.com.
What you could afford to rent only a few years back has changed.
Buildinglarger rental houses or apartmentsis necessary, he said.
The good news for landlords and developers is that the more square footage, the higher the rent.
It stands to reason that landlords will make more money if they do allow pets.
Creating pet-friendly amenitieslike dog parks or pet stations enhances resident satisfaction and supports premium rent pricing,Isakson added.
This means that the condition of the house is imperative to appeal to the largest pool of renters possible.
Preston advised landlords and developers to take note of this and upgrade their homes.
Developers need to build homes withmodern fixtures, finishes and appliances, which costs more.
Ultimately, this priority for renters will cost landlords and developers but it can also lead to higher profits.
Proximity to Work and School
The real estate saying location, location, location is used for a reason.
Its no surprise that 16% of renters prioritize a homes distance to work and school.
Another factor are community bus or college bus routes and how they align with the community,Chervenka said.
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