At Bahamas Realty, we know that pets are a part of the family. After all, most of us are pet owners too.
But how much do pets factor into the decision when buying a home? It turns out, quite a lot.
How Much Pets Matter When Buying a Home
According to a recent survey by Realtor.com:
- Over 80% of buyers were pet owners;
- 95% consider the needs of their pets when selecting the right home to buy; and,
- nearly 70% would pass on their dream home if it didn’t accommodate the needs of their furry family members.
Back in the day, pets were considered a major hurdle to the home-selling process. But with more animal lovers buying than ever before, Sellers should embrace family pets and showcase the things that make your home purr-fect for the whole family. You'll have more potential buyers knocking at your door. Click here for tips for selling your pet friendly home.
Fun Fact: One in four people buy Valentine’s Day gifts for their pets.
Pet-Friendly Rental Properties Can Make More Money
Given how many people now count a pet as a member of their family, it's no surprise that pet-friendly rental properties fill vacancies faster and keep great tenants! If you are a landlord, consider making your home a pet-friendly property. The pool of rental properties that allow pets is much smaller so rentals that accommodate our furry family members are in greater demand, and rent for a higher price.
While there are risks to renting to pet owners, if you take a few precautions, such as including the right wording in the lease, the returns can be great. Here are some tips to make your rental property pet-friendly while protecting your investment.
Looking to buy, sell or rent a pet-friendly property? Contact a Bahamas Realty agent today.