• Login
  • Join
  • Access Problems
  • Status
GRL Landlord Association
  • RH (Wales) Act
  • Home
  • Pricing
  • Subscribers
  • Services/Discounts
  • Forms
  • Recent
  • Contact
  • Find Answers
    • England Guidance
    • Wales Guidance
    • Housing Changes Timeline (E/W)
    • Admin/Tech Support
    • Search Website
    • Weekly Digest (Subscribe)
  • Ask a Question
    • Ask Question
    • View Questions
    • Your Q & A Activity (from Sept 2020)
Select Page

Features Tenants Are Willing to Pay More Rent For

by guildy | 24 May 2019 | Moving in a Tenant (England), Moving in a Tenant (Wales), News

Tenants willing to pay more for a roof terrace

Landlords and letting agents would be forgiven for thinking tenants want the best house for the cheapest rent – but they are willing to pay more for the right property.

New research has highlighted the top nine features private renters will pay more for.

Keeping fit grabs the top place, with half of tenants offering to pay £16 a month more if they have access to a gym.

Cleaning up in second place are laundry facilities, with 43% of tenants willing to pay an extra £12 a month to landlords who can supply them.

Closely following in third is sharing an outdoor space or garden, with 42% valuing a breath of fresh air at £14 a month.

The other top features tenants will pay a premium for include:

  • Roof terrace (36% worth an extra £14 a month)
  • Vegetable allotment (35%, +£11)
  • High-speed internet (31%, +£19)
  • The ability to have pets to stay (32%, £24)
  • Guaranteed parking space (29%, +£20)
  • Allocated storage space for bikes (6%, +£10)

Naomi Aharony, managing director of Faraway Furniture, the firm compiling the data, said: “To get on or climb the property ladder is certainly more difficult than ever before. With sky-high prices being the biggest obstacle to homeownership, many have had no option but to rent instead.

“As people increasingly warm to the prospect of treating a rental property as a long-term living solution, they also develop a strong desire to make any rental home or flat they consider moving into as homely as possible.

“To achieve this, a readiness among renters to shell out a premium for a range of features and facilities. Conclusively, this research provides a real insight into the features and facilities that tenants are prioritising in their renting criteria.”

Coronavirus Guidance

View now ...

Discounted landlords buildings insurance

Landlords Building Insurance

Guild subscribers can get preferential rates for landlords buildings insurance especially designed for landlords

Read more ...

Tenant Referencing Service

Tenant Referencing

Tenant Referencing Service

Read more ...

Recent Articles

  • How to Buy Property at Auction 23/05/2022
  • Sub-occupation contracts (Subletting) (Wales) 19/05/2022
  • Exclusion of Contract-Holder From Dwelling for Specified Periods (Wales) 18/05/2022
  • Landlord’s Consent Under Occupation Contract (Wales) 17/05/2022
  • Fire Safety Act 2021 17/05/2022

Navigation

  • RH (Wales) Act
  • Home
  • Pricing
  • Subscribers
  • Services/Discounts
  • Forms
  • Recent
  • Contact
  • Find Answers
    • England Guidance
    • Wales Guidance
    • Housing Changes Timeline (E/W)
    • Admin/Tech Support
    • Search Website
    • Weekly Digest (Subscribe)
  • Ask a Question
    • Ask Question
    • View Questions
    • Your Q & A Activity (from Sept 2020)

Navigation

  • RH (Wales) Act
  • Home
  • Pricing
  • Subscribers
  • Services/Discounts
  • Forms
  • Recent
  • Contact
  • Find Answers
    • England Guidance
    • Wales Guidance
    • Housing Changes Timeline (E/W)
    • Admin/Tech Support
    • Search Website
    • Weekly Digest (Subscribe)
  • Ask a Question
    • Ask Question
    • View Questions
    • Your Q & A Activity (from Sept 2020)

Subscribers

  • Login
  • Join
  • Access Problems
  • Status

Please login

Please login to see your active subscriptions and account links.

Terms, About Us and Status

General terms and conditions

Website terms

Privacy policy

About Us

Status

(c) Guild of Residential Landlords

Recent Articles

  • How to Buy Property at Auction 23/05/2022
  • Sub-occupation contracts (Subletting) (Wales) 19/05/2022
  • Exclusion of Contract-Holder From Dwelling for Specified Periods (Wales) 18/05/2022
  • Landlord’s Consent Under Occupation Contract (Wales) 17/05/2022
  • Fire Safety Act 2021 17/05/2022
  • Facebook
  • Twitter
  • Instagram
  • RSS