Almost 900,000 people currently live in Charlotte, North Carolina. And all of those people need a good place to reside.
If you're considering investing in rental properties, you might be wondering what people who live in Charlotte are looking for.
Luckily, we can help. Here are some features that renters may be looking for in Charlotte rentals.
Location of the Rental Property
Renters often focus on a convenient location. They want to be close to their workplace, public transportation, and entertainment options.
South End is trendy and vibrant. The neighborhood is known for its art galleries, breweries, restaurants, and shops. It's also close to Uptown Charlotte and has easy access to public transportation.
Dilworth is a historic and charming area. It features beautiful homes, tree-lined streets, and plenty of parks and green spaces.
For a Bohemian and eclectic vibe, renters will look to Plaza Midwood. Plaza Midwood is home to funky boutiques, art galleries, and restaurants. It's also known for its historic homes and tree-lined streets.
NoDa is a more artistic area of town. It's known for its vibrant arts scene, live music, and colorful murals. It's also home to many unique shops, restaurants, and bars.
Uptown Charlotte is the central business district. It features skyscrapers, museums, theaters, and sports arenas. It's also home to many high-end restaurants, shops, and entertainment venues.
You might also want to invest in surrounding areas. Gastonia and Concord are both lower-cost options that could provide a great return on investment.
Safety and Security
Renters typically seek secure properties in safe neighborhoods. They want to have reliable security systems and surveillance.
If you own an apartment building in Charlotte, consider adding gated access. Gated access can help prevent unauthorized entry and provide an added layer of security.
Security cameras can help deter crime and provide evidence if an incident does occur. Some apartment buildings may have on-site security personnel. These can provide extra safety and security for residents.
Of course, safety from others isn't the only type of safety Charlotte renters think of. Carbon monoxide detectors, for example, are essential safety features.
Affordability
Cost is a significant factor for most renters. People often seek reasonably priced rentals that fit their budget.
Appropriate rent pricing can vary wildly by location. Areas closer to the city center or popular attractions may have higher rent prices.
Properties with more amenities that are located in more desirable areas will be able to ask for higher rents.
Amenities
Renters may look for properties with desirable local amenities.
Many apartments offer a fitness center with cardio and weight equipment. An outdoor or indoor pool is a popular amenity in many apartments, especially in warmer areas.
Having on-site laundry facilities is convenient for residents. It can save them time and money. Apartments also often provide parking options for residents.
Offering access to 24-hour maintenance service can be crucial in the case of an emergency or maintenance issue. Some apartments offer additional storage space for residents.
Many modern apartments feature smart home technology. This could include things like smart thermostats, keyless entry, and smart lighting.
Pet-Friendly Options
Many renters have pets and seek properties that allow them. Allowing pets can increase the number of potential tenants. Many pet owners are actively searching for pet-friendly housing, after all.
Allowing pets may encourage tenants to stay longer. Finding pet-friendly housing can be challenging and time-consuming.
Pet owners are often responsible tenants, as they must follow certain rules when living with pets. They may also be more likely to renew their leases and take good care of the apartment.
Owners of pet-friendly buildings can develop a positive reputation within the community. This can lead to increased business and word-of-mouth referrals.
Updated Appliances and Finishes
Modern and updated appliances and finishes throughout the property can be appealing to renters.
Upgraded appliances and finishes can help rental properties stand out from the competition. They can allow you to attract high-quality tenants. Tenants who are willing to pay more for upgraded amenities may also be more likely to have stable incomes and good credit scores.
Upgrading can be beneficial to owners, too. Upgraded appliances and finishes may be more durable.
They usually require less maintenance than older appliances and finishes. This can reduce maintenance costs for rental companies over time.
Good Landlord or Property Management
Renters prefer to rent from landlords or property management companies that are reliable and responsive. Online reviews and word-of-mouth recommendations can be important factors in renters' decision-making process.
Good property management companies are responsive to tenants' needs and concerns. They promptly respond to emails and phone calls and provide timely resolutions to maintenance issues.
Effective communication is essential in any landlord-tenant relationship. Everyone needs to communicate clearly and regularly with tenants. They should provide updates on maintenance requests.
Property management companies should take pride in their properties. They perform regular inspections and address maintenance issues promptly. They also ensure that common areas are clean and tidy.
Companies should be transparent in their dealings with tenants. They provide clear information about rent payments, move-in and move-out procedures. They also need to keep everyone informed about other policies that may affect tenants.
These companies also need to operate with a high level of professionalism. They conduct themselves with integrity and treat tenants with respect and courtesy.
Charlotte Rentals: Start Today
These are just a few examples of the features that renters may be looking for in Charlotte rentals. But, individual preferences can vary significantly.
Some renters may focus on some features over others depending on their needs and budget. So, do plenty more research if you plan to start investing.
Do you need property management help for your rentals in Charlotte, North Carolina? Contact Bottom Line Property Management today.
