Top tips on securing a tenant for the new year

The Savills Blog

Top tips on securing a tenant for the new year

If you are a landlord wanting to give your property the best chance of finding that all-important tenant in the New Year, here are a few things you can do over the next few weeks to ensure that your home is ready to hit the market in January.

1. Upgrade Before the New Year

Consider using the festive break to elevate your property. While there’s no need to undertake comprehensive redecoration, seeing to minor imperfections such as scuffs and chips to the paintwork and worn or discoloured grouting can be well worthwhile.

2. Think about your strategy 

If your property isn’t currently turning heads, you might want to think about strategy and pricing.. Positioning is very important – who do you envisage letting to? Are your expectations aligned with the current market in your area?

3. Tackle seasonal maintenance

Nip seasonal problems in the bud by checking for missing tiles and cracked render – anything that could leave your property vulnerable to the elements in bad weather should be addressed. If you live in an older property, you might want to ensure that the radiators are bled and drafts are addressed to avoid a build-up of condensation. 

4. Set the space

If your property is unfurnished, you might want to consider having a few rooms professionally staged. This will allow prospective tenants to get a sense of the lifestyle they might enjoy while living there. Not only can a well-presented space aid tenants in ? when beginning their online search, it can also make it easier to gauge a property’s size and proportions.

5. Price Smart, Not High

While it might be tempting to launch your property at a higher price, it could result in a lack of interest . To maximise interest, we would suggest speaking with an agent ? who knows and understands the local market and price accordingly. A well-priced home that is in good decorative order is likely to attract more attention than one that is not, which can drive competition and may even secure a tenancy above the asking price in some cases.

6. Be Flexible

Flexibility is important whatever the season and can help attract a wider pool of tenants. You could accept pets, for example – but be sure you’re clear on size, breed and number – or consider a longer or shorter tenancy length to find that all-important tenant. Offering a property with a few furnishings may also prove to be a sound move.

 

Further information

Contact Ben Rodgers or Faye Wilkin

 

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