Tenants would pay more monthly for pets to be allowed

Michael Lloyd

May 11, 2018

The number one preference for renters is for landlords to allow them to have pets, with 28% willing to fork out an average of £24 more per month for this.

Showerstoyou analysed findings from LSL Property Service and found 21% of tenants would be happy to pay an average of £19 extra each month for the benefit of high-speed internet

With regards to communal facilities, just under half of renters (41%) would opt for a gym, where they would splash out an average of £20 a month to stay fit.

Martin Smith, managing director of Showerstoyou.co.uk, said: “Property prices have certainly been unattainable for those looking to get on the property ladder over the last few years. Brits therefore have had no option but to rent.

“As a result, individuals have been applying similar criteria’s to renting as they would when seeking a property to buy. This research shows that there are features and facilities that renters really want and would pay a premium for.

“Whilst some features/facilities are prioritised over others, they all provide great indications for landlords/developments as to what tenants are expecting from rental properties going forward.”

With over 25% of UK households predicted to be privately rented by 2025, more and more Brits are treating rental properties as a ‘long-term’ rather than a ‘temporary’ or ‘imperfect’ solution to their living requirements.

Therefore, it’s important for landlords/developers to consistently keep in mind how they can enhance tenants’ satisfaction levels.

On the other end of the scale, a concierge service would garner the least interest, with just 3% prepared to pay an additional £20. Slightly above, 4% of renters would spend £12 a month to have storage space specifically for a bike.

Tenants would prioritise a gym the most, with 41% glad to pay an average of £20 more every month to conveniently exercise and stay fit on-site.

Followed closely behind was a laundry facility, where 34% of renters would be content with spending an average of £10 each month to wash and dry their clothes in an allocated room.

A communal garden is something 32% of tenants would be interested in having at an average cost of £10 more per month on top of their normal rent. Only 27% of renters would welcome the idea of a recreational or games room to relax and socialise in.

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