Family Vs. Bachelor Who Makes a Better Tenant?

As an owner, you worry about who is going to live in your home, how they will treat your home and what condition they are going to leave your home in. Apart from this you also tend to worry about if they will follow the rules of the building, they will pay their rent on time and be easy-going. Another big question you have is, should you rent out your home to single people like bachelors or a family? These points should help you gain some clarity-

Depends on the Size of the House

[caption id="attachment_3573" align="alignnone" width="700"] Picture Courtesy - Business Insider[/caption]

If you have a small house or a 1 BHK, you’re better off looking for bachelors to rent to. They don’t look for too much space and can live comfortably in a small home or a 1BHK /1RK. Single people look for studio apartments and smaller homes as it’s easier for them to maintain when they live alone.

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Families, be it a newly married couple or one with kids, often need more space. They have more items in their house, more clothes, more stuff in the kitchen…you get the idea. They don’t really look for small homes unless they have a smaller budget.

Depends on Amenities

[caption id="attachment_3559" align="aligncenter" width="700"] Amenities in the house[/caption]

When you have a home in a large building society, you tend to have plenty of added amenities and facilities to offer your tenants. These societies generally have gyms, pools, clubhouses, security etc. Families look for these amenities more than bachelors do and come with higher expectations. Safety features like CCTV, Security guards, fire alarms etc. are highly sought after for families, especially those with kids.

Bachelors don’t mind a home that comes with basic necessities, they usually work long hours and don’t have time to utilize these amenities. Safety is also most important for single women, but the men don’t expect too much.

Depends on Furniture

[caption id="attachment_3574" align="aligncenter" width="701"] Furniture in the house[/caption]

Is the house you’re renting fully furnished, semi-furnished or unfurnished? Unless it’s a newly married couple, most families come with their own furniture that they have collected through the years. If your home is furnished, it could be a problem for them as they won’t have space for their furniture, or you would have to find storage space for your furniture.

Bachelors and single people tend to look for homes that are fully furnished as they travel light. If your home is semi-furnished or fully furnished, chances are that bachelors would be keener to rent it.

Depends on the Rent you’re Expecting

[caption id="attachment_3575" align="aligncenter" width="701"] Rent expectations[/caption]

How much rent and deposit are you looking for? Families and bachelors both have rather fixed and tight budgets. Families won’t be able to offer you large amounts as they usually have 1 or 2 earning members and more people depending on them. The deposit amount also can’t be higher because of this.

Bachelors have the added advantage of bringing in roommates or flatmates to split the rent with. They don’t mind paying slightly higher rentals as they have others who are splitting this amount with them. Even when it comes to the deposit, if 2-3 people are splitting it, your asking power increases.

Depends on the Duration you’re Looking for

[caption id="attachment_3576" align="aligncenter" width="701"] Duration of the stay[/caption]

Families, especially ones with kids, are unlikely to shift homes very often. They look for homes close to their children’s schools etc. until they graduate, they are probably not going to want to move. For the long-term, choosing a family is better.

Bachelors, as they have no real strings attached, are likely to move homes, jobs and cities more easily and often. If their job demands it, they might need to shift to a new city at short notice, or go back to their hometowns, get married etc., the likelihood of them staying longer than a family would, is lower. If you want to rent out your home for a short duration, the best bet is finding bachelors.

Keep in mind that both families and bachelors have their own pros and cons, and they both have exceptions to the rule. Old stereotypes such as bachelors give more troubles, families keep the house better, etc. have been proven wrong. So, choose a tenant wisely, NoBroker allows you to choose the type of tenant you want with just a click! The process of getting the best tenant for your home is faster and easier thanks to NoBroker.

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