Rental Property Market Update Summer 2024
Rental Property Market Update Summer 2024
While house prices are experiencing modest growth, the rental market continues to see significant rises driven by the imbalance of high demand and limited supply.
Resources For Landlords
Preparing a Property for Letting
A Landlord's Guide to Ambience, Aesthetics, and Overall Appeal
When preparing a property for letting and hoping to attract the best tenants, it’s important to pay attention to the ambience, aesthetics, and overall appeal, which can significantly enhance its desirability and therefore maximise a property’s return and make for a harmonious tenancy.
Aesthetics
Deep Cleaning for a Fresh Atmosphere:
It may sound obvious, but when preparing a property for letting, start by giving the entire property a thorough, deep clean. Clean carpets, spotless windows, and a fresh scent will immediately create a positive impression and inviting atmosphere that prospective tenants will appreciate.
Repairs and Maintenance for Property Integrity:
Address any visible damages or maintenance issues. This includes fixing leaky faucets, repairing broken tiles, filling in cracks and mending any broken blinds to name a few. A well-maintained property signals to potential tenants that the landlord cares about their living conditions.
Curb Appeal for a Memorable First Impression:
The exterior of the property is the first thing prospective tenants see. Keep the lawn well-manicured, trim bushes and trees, and consider adding some potted plants or flowers near the entrance. A well-kept exterior sets the tone for a positive viewing experience.
Neutral Decor to Appeal More Widely:
Opt for neutral paint colours and simple decor. This allows tenants to envision their own style in the space and helps to create a more universally appealing environment. In the longer term, having neutral decor will make upkeep easier.
Emma Charnock
Director
Written By
We have used H Morley & Sons for many years to let our furnished apartment in the centre of Guildford. Every year they have always found us new tenants quickly and it has always been a pleasure to work with any of the team members.
Preparing a Property for Lettings: Ambience
Lighting to Set the Mood:
Enhance the ambience with well-thought-out lighting. Consider using warm-toned bulbs to create a cosy atmosphere. Additionally, maximize natural light by opting for light-coloured window treatments that allow sunlight to filter through.
Fresh Air, Ventilation and Inviting Scents:
Prioritize good ventilation to keep the air fresh. As part of your preparations for letting, before any viewings, allow natural air circulation by opening windows. A property with a well-ventilated interior can make all the difference.
Preparing a Property for Lettings: Appeal
Functional Layout for a Flowing Environment:
Arrange furniture in a way that maximizes the flow and functionality of each room. Avoid clutter and unnecessary items to create a spacious feel. While preparing for letting, think about the purpose of each room and what makes it appealing. Consider your preferred tenants, for example, would a study appeal to young couples or would an additional bedroom be more attractive? Avoid overcrowding or leaving spaces empty. This helps tenants visualize how they can utilize the available space.
Secure Windows and Doors for Reassurance:
Ensure that all windows and doors are secure. This not only adds to the safety of the property but also gives tenants peace of mind. Note that even though windows are secure, they should also be easily opened for ventilation (see above).
Ample Storage to Keep Organised:
If possible, declutter and organise storage spaces such as closets and cabinets. Tenants appreciate ample storage, and a well-organised property will always add to its appeal.
Appliance Upkeep for Modern Living:
Ensure all appliances are clean and in good working condition. This includes the stove, refrigerator, dishwasher, and any other appliances provided with the property. Modern and well-maintained appliances contribute to the overall appeal of the property, and again, indicates the landlord cares about the property and tenants.
Making some small changes when preparing your property for letting can make all the difference. Incorporating these elements of ambience, aesthetics, and overall appeal will help your rental property stand out from the competition. By creating an inviting atmosphere, incorporating neutral aesthetics, and ensuring the property is well-maintained, you will significantly increase the chances of attracting the best tenants for your investment.
Can we help you prepare your property for letting?
As a Guildford letting agent, we are supporting our landlords to prepare their properties and attract the best tenants with advice property management services. If you want to discuss our available services and how we can help you with preparing your property for letting, our team are always on hand to help. Contact our team to find out more.
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