Majority of tenants would pay more for a refurbished bathroom or kitchen
A newly refurbished kitchen or bathroom are worth paying more rent for, according to tenants.
Research by lettings agency Carter Jonas asked tenants living in flats and houses what they valued most in a rental property.
Of the 300 tenants asked, the majority – whether they were renting a flat or a house – put high speed broadband at the top of their list of must-haves.
But when it came to the ‘wow’ factor, tenants in both groups were willing to pay a premium for a refurbished bathroom or kitchen.
Tenants looking for flats said they would also be willing to pay more for outdoor space and allocated parking, while those looking to rent houses listed energy efficiency and a garage as features they would pay more for.
Energy efficiency was also important to tenants looking for a flat, with 21% of respondents putting this as a priority, up from 15% in 2017. An energy efficient home is now considered more important than an en-suite bathroom or fitted wardrobes for the majority of tenants who live in flats.
Despite many new build apartment blocks offering a concierge and on-site gym, among other high-end amenities, tenants showed little enthusiasm for paying more for them.
Only 12% of people said they would pay more for a gym and just 5% would pay extra for a concierge service.
Outside of amenities, tenants’ greatest wish is to be given more flexibility by landlords and to be allowed to make their rented property more of a home, including seeing the end of the largely-sector wide ban on pets and redecorating.
Unsurprisingly perhaps the tenants surveyed said they would like to see a rent control system introduced.