Could floorplans be the secret to getting new tenants?

CPS FloorplansHow important do you consider a floorplan to be? Whether you're looking to purchase or to rent a property, it is normal to be interested in knowing the general layout of a flat or house before you arrange a viewing, because often a floorplan can give you a much better idea of the space and ratio of a property, something which you may not fully get from looking at pictures.

However, if you’re a landlord, you may forget how useful a floorplan can be in helping you let your property to eager tenants. A recent study has shown just how impactful a floorplan can be in helping landlords let their properties.   

Why has this increase occurred?

Metropix, a company that deals in floorplans for rental properties has noticed a surge in the number of property listings including a floorplan in the last 3 years. These statistics have been confirmed in separate figures gathered by Mouseprice, a property information website. These figures show that between 2012 and 2015 there was a 182% growth in the number of property listings that included a house plan. In June 2012 only 5.71% of property listings showed a floorplan, which increased to 16.08% of all listing in June 2015.  

Benefits of a floorplan

According to research by Rightmove, when searching for a property, tenants have said that floorplans are the second most important factor when it comes to deciding whether or not they view a property. This means that for tenants a floorplan is more important than a property’s main image and a summary of what it has to offer, while the only thing that tenants find more important than a floorplan is a selection of images of the property. By providing tenants with both a floorplan and a good range of quality pictures of the property they can get a better feel for that house or flat, suggesting that their interest in a property is more genuine than a potential client who would have seen only a couple of images. By providing tenants with all the information they could possibly need about a property before they even arrange a viewing, when they do require one it is clear their interest is based on more than just curiosity or a need to pick somewhere to live in a hurry. After all, it makes sense to show floorplans when advertising a property for rent: if a tenant already knows that they want an open plan kitchen for instance, with a floorplan they can easily check if a property meets their requirements without needing to view it, which saves both the tenant and landlord or letting agent time.

Landlords and sellers, rest easy

If you’re a landlord, or you’re a home owner looking to sell your property, worry not, you don’t have to get out the pencil and papers and create your own floorplans just yet.

At CPS Homes, we create a floorplan for every single property that we put up to let or for sale, which is why we are one of the foremost estate and lettings agents in Cardiff. We understand the importance of small details like this, and know that arranging them for our clients can relieve a huge burden from them.

If you are looking to let your property, why not find out more information about our property management services and our Guaranteed Rent Service? Alternatively, if you’re looking to sell your Cardiff property, why not see how our sales team can take the hassle out of finding a buyer for your home for you? For more information on any of the services we provide, contact us, or visit one of our branches in Roath or Cardiff Bay.

09 March 2016

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