Which location to choose for a flat?

When buying a flat, location is a very important factor in the choice. Especially if we ultimately want to let the flat. There are a great many listings on the market. Find out which location to choose for a flat so that your investment is a success. An important step is choosing a location suited to your target client.

Who do you want to rent the flat to?

Investors should ask themselves this question before starting to look for a suitable flat. It will affect not only its furnishings, floor area and condition, but also the location in which it is situated. Why? Families with children are interested in different locations than students and young people. The best situation is when the number of potentially interested people is greatest. In that case the surroundings of the flat have to meet quite a few criteria.

Flats rented by families with children

Families with children are, above all, interested in calm, quiet districts in spacious cities. If this is the target group for renting your flat, avoid flats located in the centre or in party-oriented, unappealing districts. Additional criteria for families are schools and nurseries located near the flat. It is also worth paying attention to the property's distance from larger shops, as having them nearby will be desirable. Hospitals and clinics nearby are also welcome. In sum, if you want to buy a flat and then rent it to families with children, look at large, growing cities and, above all, their calm districts.

Which location to choose for a flat – renting to students

When we think about renting out properties, we often have students and young people in mind. Indeed, they make up a large percentage of those interested in a tenancy agreement. The requirements of these people are clearly defined. The most important thing for students and other young people is the commute to university or work. Flats to rent to students should be located close to the university or its faculties. Parts of the city that are well connected, for example near bus or tram stops, also come into play.

Versatility pays off

The ideal situation is when the flat has universal appeal. Then it can attract the largest group of potential tenants. Affordable properties in large, growing cities will attract the greatest interest.