Top 4 rental trends of 2020

2020, what a year it has been. With the coronavirus pandemic ripping its way across the world, no industry has escaped unscathed, and the property market is no exception. The good news for landlords is that despite everything, people are still looking for properties, but letting agents in Warrington will be the first to tell you that since the pandemic hit, tenant criteria has certainly changed.

So, are you catering to tenants needs in 2020? If you’re a landlord with one or more properties in your portfolio, take a look through these four rental trends to see if you should be making any changes.

1. Green space

Garden space has always been a hot commodity, but never more than in 2020. With lockdown restrictions going on for the majority of the year, as a nation we’ve spent more time at home than ever before, which has taken a huge toll on mental health for everyone.

Where getting out and about has been restricted, we have turned to gardening as a means of getting creative and benefiting from the fresh air. But, for the hundreds of thousands of people who don’t have any green space to rely on, this has simply not been an option.

So, it comes as no real surprise that the number of tenants looking for some kind of green space in their future homes has sky-rocketed!

2. Fast internet

Working from home is the “new normal”, but with a high demand for home offices, there has been an increased need for fast internet speeds. Of course, some areas lend themselves better to good Wi-Fi, but you can do your bit by ensuring the supplier you use is offering the best for your tenants.

3. Location

Where great transport links were once the desired thing for potential tenants, it is now a great location, cutting out the commute altogether! Understandably, less and less people are willing to commute on public transport during the current pandemic, so the desire for well-located properties that are a walking distance from the workplace has risen substantially.

4. Pets

2020 has seen more people buying new pets than perhaps any other year, and that’s largely down to having so much free time spent at home, thus more time to dedicate to welcoming a new family member. But, when it comes to renting a new property, they want to be assured that their new adopted pet will be made welcome too, so if your properties aren’t pet-friendly, it may be worth reconsidering.

Get help letting out your property

If you’re struggling to get the right tenants interested in your property, why not let the specialists help? When it comes to lettings agents in Warrington, there is no one better qualified to assist than Easylet Residential. They specialise solely in lettings, and have a fast let time of just 7 days, so why not contact them today to get the ball rolling?