These days, millennials are more likely to rent a place to live than buy one. In fact, U.S. News and World Reports notes that the number of young adults buying homes actually decreased by 8% since 2006. While young adults have become increasingly less likely to purchase homes, they have also begun to replace Baby Boomers as the largest generation of adults – and the largest group of renters. Yet, young adults can be picky when it comes to their living spaces, and many refuse to settle for a space that lacks certain amenities.
The following are some of the amenities that make most young renter wish lists. Adding these elements to your rental property makes it easier to attract renters within this age group – many of whom prefer to remain in a rental space long-term, rather than move on a regular basis. So, what are some of the amenities and features that help attract today’s younger tenants?