A Guide to Adapting Your Wembley Rental for Older Tenants

Older tenants are a growing force in the private rental sector, so is it time for savvy landlords to proactively target this demographic?

A Guide to Adapting Your Wembley Rental for Older Tenants
It’s one of the most striking trends in the housing sector over the past decade.
 
Between 2011 and 2021, the number of tenants aged between 45 and 64 skyrocketed by 70%, while those over 65 jumped by 38%.*
 
A third of renters are now over 45. And due to high property prices and the challenges of getting a mortgage later in life, many in this group will stay renters their whole lives.
 
What does this mean for landlords?
 
Many landlords focus their efforts on attracting tenants who are young professionals. But do older tenants pose an even better prospect?
 
When they put down roots, older tenants usually stay put for longer. And they also tend to be respectful of the neighbours and lead quieter lives (hence less wear and tear on a property).
 
Targeting older renters
 
Some tenants, especially those over 65, may have specific housing needs.
 
So, if you want to encourage an existing tenant to stay longer or market your property to an older demographic, it may be worth making a few minor adaptations (often these can be made while a tenant is in situ).
 
Depending on the nature of the changes, your local council may fund the works. However, these adaptations would need to be approved and signed off by your local authority first.
 
Here’s a list of some of the most common adaptations.
 
·      Threshold ramps – allow you to go from one room to another without navigating any messy joins or raised edges. A must if you use a walking frame or wheelchair.
 
·      Grab rails – for assistance getting in and out of the shower and up and down stairs.
 
·      Lever handles – many older people have reduced dexterity and grip strength and find lever handles easier to use than standard doorknobs.
 
More significant adaptations
 
These could include:
 
·      A wet room – so it’s easy to walk or wheel into the shower. 
 
·      Improved garden access – so tenants can enjoy the garden space independently.
 
·      Automatic door openers/closers – so a tenant can see who’s at the door and let visitors in without coming to the front door.
 
If you’re considering adapting your rental property to appeal to the older demographic, contact us at Grey&Co for more tips and advice.
 
* Paragon Bank.


Abigail & the team at Grey & Co x.

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Meet Abigail

  Hello, my name is Abigail, and I am the Grey in Grey & Co. I started working here in 2002 as a Junior Negotiator and have worked my way up the ranks since then. I took over running the company in 2014 and have been enjoying the roller coaster that is leadership ever since.   During my 20 plus years at Grey & Co I have dealt with the sale of over £100,000,000 worth of property and overseen the management of assets worth £250,000,000 for clients around the world.   I also had the pleasure of working with my father, the founder of Grey & Co, for 15 years before he sadly passed away and from him, I learnt the work hard ethic and our values today are still the ones that he founded the company on all those years ago.   Be Remarkable, Be Passionate, Be Humble and Be Better.   As a community centric boutique family agency, you couldn’t find a better partner to take with you on your property journey.

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