If you’re looking to venture into the rental property market in Warrington this year, this guide is a must-read for landlords – find what our experts have to say about what properties will attract the best tenants in 2024.
What do tenants want from the current letting market in Warrington?
There are several key property must-haves that renters consider desirable, or even essential in the current rental climate – we’ve listed the most significant selling points below:
Onsite parking
Given a wide selection of renters who own cars for work and leisure purposes, they’ll be keen to find a property that has its own designated parking spaces or off-street parking.
Families with young children don’t want to walk far to their cars, nor will tenants carrying a full food shop!
If your property in the Warrington market is situated on a busy street, those who consider adequate parking a necessity will likely be put off – so, if you can, aim for property investment in the local area with onsite parking.
Energy-efficient rental properties
Energy efficiency is essential in the lettings and property investment market as tenants may be struggling with high energy costs.
Now, whilst you can’t alter what the energy companies choose to charge, you can help to minimise the energy usage within the house and in doing so, your tenant’s energy bills will likely be reduced.
So, how can you make your property a beacon of energy efficiency?
According to GOV.UK, the following could save your tenants so much per year:
| Energy-efficient home installations | Potential savings per year |
| Roof and loft insulation | £270 |
| Cavity wall insulation | £300 |
| Underfloor insulation | £155 |
| Solar panels | £580 |
| Smart heating controls and thermostats | £30 |
| Energy-efficient appliances | Varies |
| Double glazing | £145 |
Investing in one or more of the above will keep energy costs more affordable for those renting your property, effectively widening your pool of prospective tenants so you can select the best candidate available.
Plus, if you decide to move into the property yourself down the line, you’ll save money yourself, and be doing your bit for the environment!
Pet-friendly houses
For many potential tenants, rental properties that allow pets is the only option on their radar. Marking your home to let as pet-friendly could make or break how your property fares within the lettings market in Warrington this year.
Potential tenants may already own pets, or plan on getting one soon, so they need assurances that your property will accommodate their cat, dog, parrot, or another beloved animal (within reason of course!).
What’s more, you should probably familiarise yourself with the Renters (Reform) Bill – expected to come into effect soon. This bill prevents landlords from rejecting applicants if they request to bring a pet to live in your property. But don’t panic, you’ll be able to insist that rentees have insurance covering any damage caused by pets, so you won’t ever be left out of pocket.
Fully-furnished properties
Due to various factors such as changing jobs, wage increases, and family circumstances, tenants often come and go between properties every few years or so.
To make life easier for them moving in and out of rental homes, they tend to prefer furnished properties that already have essential furniture like beds, dining tables, and sofas set up.
Additionally, renters save money on moving costs, which is extremely beneficial during a cost-of-living crisis.
By treating the above as a checklist, you can be sure that your rental properties will be highly sought after in 2024 by the most desirable tenants in the Warrington area.
Make your landlord experience even easier with property management services
Here at Easylet, we’re a professional and reliable letting agent in Warrington with a passion for supporting landlords in the 2024 rental market, and beyond!
Both new and experienced landlords with large portfolios in the North West choose our property services, which include let-only or full-management packages.
Every single one of our letting agents has the experience and dedication to find you your ideal tenant, organise the essential rental documents and provide you with valuable guidance throughout the whole process.
So, if you’d like to speak with a friendly and knowledgeable agent, please feel free to call our team on 01925 633011 and we’ll be happy to help.
