When it comes to renting out your investment property in The Hills, targeting families can be a wise strategy. Families tend to be more stable tenants, and they often stay in their homes for longer periods, providing you with a more consistent rental income.
To attract families to your rental property, it’s essential to make it family-friendly.
Top family-friendly home features
Here are some key features that families often look for:
Kitchen: A well-equipped kitchen is a must-have for families. Consider including modern appliances like a dishwasher, a full-sized cooktop and ample storage space. A breakfast bar or island can also be a valuable addition.
Family room: A spacious family room is ideal for families to gather and relax. Ensure it has plenty of natural light with enough room for comfortable seating.
Storage: Families tend to accumulate more belongings than individuals or couples. Ample storage space such as built-in wardrobes, shelving and a garage or shed can be a significant factor in making your rental family-friendly.
Outdoor space: A backyard or balcony is a valuable asset for families, especially with children. Consider adding a patio or deck for outdoor dining and entertaining. Bonus points if your yard is fenced with a lockable gate.
Flooring: Durable flooring options like hardwood, laminate or tiles are ideal for high-traffic areas. Avoid carpets as they can be difficult to maintain and can cause allergic reactions in some people.
Bathrooms: Families with young children often need a bathroom with a bathtub for bathing in addition to a shower. When you choose a property, make sure it doesn’t have a spa-style tub. These bathtubs might seem like a lovely idea but in reality they’re hard to clean and impossible to use to bathe a tiny child without using a smaller plastic tub. Ensure the bathrooms are well-ventilated and have adequate storage space.
Safety features: Safety is a top priority for families. Install window locks, sturdy front and back door frames with deadbolts, and smoke detectors.
Pet-friendly policies: Many families have pets, so being open to pet ownership can make your property more appealing to a wider range of tenants. However, it’s essential to set clear guidelines regarding pet ownership, such as breed or size restrictions, and pet waste clean-up responsibilities. You might need to specify you will accept only outdoor pets.
Choose professional property management
Engaging a reputable property manager can be invaluable in attracting and retaining family tenants. A good property manager will handle tenant screening, lease agreements, rent collection, maintenance requests, and tenant disputes. They can also provide valuable advice on making your property more family-friendly.
By incorporating these features and working with a professional property manager like Meridien, you can make your Hills rental property highly desirable to families. This can lead to long-term tenants, stable rental income and a more stress-free investment experience.
Thinking of selling or need selling advice in The Hills?
We have buyers looking for homes in Rouse Hill, Beaumont Hills, Box Hill, Kellyville, North Kellyville, Gables and Tallawong. As established real estate agents, we’re here to help. Get in touch today by calling us on 02 8883 0777.
