Tenant demand still on the rise
Following a surge in tenant demand over the last quarter, the market could see rents increase over the next three months.*
The pandemic has heavily impacted the lettings sector, with fewer rental properties being listed on the market. This has caused the increasing demand to continue to outstrip supply.
This is good news for anyone looking to begin their buy-to-let journey, as tenant demand has hit the highest levels recorded since 2016.**
If you want to let a property in 2021, here are three top tips to get started with your portfolio.
1) Impress with add-ons
Investing in your property prior to letting it will ensure you receive the maximum return on investment possible.
Being able to say you have “modern, state of the art appliances” or offer free Wi-Fi is a great way to attract tenants.
If you do upgrade your appliances, you could always go for energy-efficient models and make your property environmentally friendly, as this is another big selling point.
2) Promote your property as pet friendly
There are some tenants who won’t even consider moving into a pet-free property.
By welcoming well-behaved pets, this will open your property to a much wider search radius, as well as the potential to see higher rents.
3) Make use of your local letting agency
We’re here to help manage your property, find tenants and bring you peace of mind.
Your property is in safe hands when you let with us, so take the stress out of letting and leave it to the experts.
Contact our lettings team and find out how we could help you manage your property.
*Propertymark. **What mortgage