Phoenix Property Management – What Are Renters Looking For?

What are the features renters really want?

According to recent studies, the most important factors for today’s renters are:

Location
Safety/Security
Quality/Condition
Price

If the property is in good condition, located in a safe area, and offered at a fair price, chances are you're going to find a renter.  However, in the highly competitive Phoenix rental market, it's the little things and extra amenities that really make a property stand out from the rest.

Here are a few extra features, that according to recent surveys, are highly desirable for renters.

  1. Walk-In Closets/Storage Space
    Walk-in closets and ample storage spaces are features that are in high demand now and will certainly make your property stand out above the others that the renters may be considering.
  1. Laundry Room
    It is almost necessary these days to have in-home laundry. Going to a laundromat is inconvenient and expensive, so having a washer and dryer in the unit will give you a much better shot at renting it out.
  1. Balcony/Outdoor Areas
    It’s hard these days to find a rental property with a comfortable outside space. If your property has a backyard, balcony, or access to a park of some sort, it will really attract potential renters, especially those with pets or children.

Some other amenities that are less necessary but highly valued among renters are fitness centers, convenient parking, and an outdoor pool. These features aren’t necessarily on renters’ lists of priorities, but they will certainly be appreciated and help convince the renters to seriously consider your property.

Other ways to attract renters are having updated lighting, floors, and appliances. You can also attract renters by allowing them to have pets. Also, partnering with local businesses and yoga studios/fitness centers give your renters more resources that they will greatly appreciate.

Renter Turn Offs - What To Avoid

Not only is it important to have amenities and features that potential renters will want, but it’s equally as important to avoid things that they are not going to want. Things such as bad odors, filthy carpets, broken appliances, a lack of storage space, and even carpet in the bathrooms are huge turn-offs.

In the end, as you prepare your property for the Phoenix rental market, it’s a good idea to ask yourself if you would live there yourself, and if there are things that you might or might not want. This will help you to know what a renter cares about and highlight those things when presenting your property.

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