New Year Means New Demand for Rental Accommodation – Prepare Your PropertyBy: Oliver Powell
As we welcome 2021, many of us look to set out new goals, resolutions and think about how we will start changing our lives. Many will be keen to out 2020 behind us and set out for a new beginning in 2021. Do you want it to be a new year, a new you and for some, a new home?
Many people try to live more healthily or resolve to improve their relationships, and many people will consider their living arrangements. The New Year often means a new demand for rental property, which means landlords should be prepared for market changes.
It could be that your current tenants are looking to make a change. Being aware of your tenants’ intentions is a smart idea, as this can help you plan accordingly. Of course, it may be that you have a property available, but equally, your existing property may be tenanted, and those tenants are thinking about changes themselves.
Ensure your property stands out for all the right reasons
Many tenants are looking for property in Greenwich and Lewisham boroughs, and it is crucial to be aware of the competition in the market. If you want your home to stand out for the right reasons, you need to present it most effectively.
A great starting point is knowing who your property’s most likely tenant is, or even better, who your ideal tenant is. Once you know this, you can present the home with this person or household in mind. From a practical perspective, think of how to furnish and present the property. And from a marketing perspective, you can capture those potential tenants’ minds and dreams with killer photography and state of the art Virtual Video Tours. You can also promote the property to meet this likely tenant’s needs, including knowing how best to furnish the property to please the likely tenants.
So how do you do that? We understand the local rental markets, and we are pleased to say we can help landlords reach their likely tenants. A refreshing change is what we will provide you, and there is no better time than the beginning of the year to have a refreshing change.
Make minor improvements that matter at your rental accommodation
These are some of the best tips which will help you secure the ideal tenant; they could also help you or your tenant to save money:
- Consider your choice of flooring – tiling or hardwood is stylish, but carpeting offers comfort and insulation
- Review the heating system to see if it can be upgraded or improved
- Carry out all repairs – all properties need regular repairs – when did you consider what minor issues could need a look at?
- Strengthen doors and windows, both for insulation and security
It is also essential to be aware of the local market, COIVD has had some dramatic impact on pricing, set the rental fee accordingly.
Promote the local area as much as you do the property. If likely tenants appreciate the area, you will increase someone’s chances of renting your property.
If you’re a landlord looking to provide the best standard of rental accommodation to tenants, old and new, in 2021, contact Conran, we will be happy to help.