When many people set out to find real estate to buy, they consider only their preferences in a home without giving a lot of thought to what others might want in the property. However, if you are not sure that you want to live in the house for a long time or perhaps want to buy the home as a real estate investment only, you need to consider what potential renters would want in a home as well.
Tip #1: Scout for Space
Space is something you'll likely want for your home, but oftentimes tenants can prioritize space even more than landlords. A home with a lot of closet space is likely to catch the attention of potential tenants. If the home is in a big city, it's important to ensure that there is adequate parking for at least two cars. Outdoor space for barbecues and get-togethers can be appealing for renters as well.
Tip #2: Consider the Location's Convenience
Renters aren't going to benefit from the long-term increase in a home's value and often don't consider acreage, but nearly all renters want a home that's convenient to what they want to do. When you go to rent the home to a tenant, you are selling a lifestyle, not just the merits of the house. So you need to be sure the lifestyle you're selling enables the renters to be near shops, restaurants, parks, movie theaters, and other entertainment choices.
Tip #3: Prioritize Safety and Security
When you're looking at homes for sale, look at the safety and security features that each house offers. Not only is a tenant going to want to live in a safe area, but things like safety alarms, secured fences, and neighborhood watch notices can make the house especially attractive to renters.
Tip #4: Look at the School District
When you are looking at homes as a child-free person, it may not occur to you that you need to give a second thought to the school district a house is in. However, many renters will deliberately search for houses that are in excellent school districts. In fact, some families consider that as a primary consideration, so be sure that you look at the school district when looking at houses for sale.
Finally, keep your future renters' needs in mind when you are looking at real estate. When you do that and follow these four tips, you'll be well on your way to picking out the home that you and future tenants can enjoy for a long time to come.