Tenants would pay more monthly for pets to be allowed

Share this article

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.

Share this article

Written by: Houseladder