Zillow analyzes ‘shares’ and ‘saves’ on its digital platforms and has discovered that would-be renters who rack up counts in each of these categories are the most likely to be serious renters. Obviously, that makes total sense. Zillow has taken this data and translated it to the properties these serious renters are seeking. Taking it one step further, Zillow analyzed the favored properties to see if there were commonalities between the ‘liked’ properties. What renters are seeking, in order of importance per Zillow, are: off street parking; in unit laundries; turf area for pets; air filtration; and a finished basement (apparently in BTR units). Other data revealed in the survey is interesting and speaks to the changes that have occurred in renters likes and wants in 2024 vs. times past. Take a look.

 

 

Svikhart & Associates, a Salt Lake City-based real estate services company, focuses on asset management, brokerage listings and sales, and all aspects of a multifamily investment. Specific diligence regards property operations and strategies to maximize asset performance and value. Additionally, the firm assists owners regarding economic, financial and market factors that impact returns on investment. The firm targets ‘Mid-Tier’ assets which it defines generally as 10-to-60-unit properties.

 

Please find us at svikhart.com or contact us at 801-550-5684 to learn about the real estate services the firm provides. To subscribe to the firm’s newsletter addressing events of the day please follow this link Newsletters.