Landlords, unlock the rental potential in your property with the help of your local rental property expert!
We are often asked "what are tenants looking for in the Leamington Spa, Warwick and Kenilwoth area"? or "what should we do with our rental property to attract the right tenant"? These questions are also asked by more experienced landlords who have been letting property for a number of years and are now finding that their property is not letting as quickly as it did before.Why?
The truth is that the rental market in this area is changing rapidly and properties that may have previously experienced steady demand may now becomming much more difficut to let. Have you got a fresh, modern and appealing kitchen with appliances, a white bathroom suite and neutral carpets or flooring in your property? These are the features that many professional tenants are looking for when deciding to rent a property.. and are willing to pay a premium!
Not only are landlords facing void periods with an empty property, landlords are also facing increased costs through removal of tax allowances, changes in calculating your tax due on your property investments and the additional stamp duty.
So what can you as a landlord do to improve your situation.? Well now is a good time to think strategically about your rental property and in particular the demand in your local rental market.
Help is at hand!
This property in Marton had been let through The Letting People for some years and was in need of some updating work to attract professional tenants for a further 7-10 years.
The Letting People arranged the supply and fit of a new kitchen, flooring, repainting and other refurbishment works. The landlord also arranged for a new gas fire and this property was then ready to go. The rental value increased by £250 per calendar month giving a return on the investment in just under 2 years.
Click here to view images of this property both before, and after!
https://www.thelettingpeople.co.uk/userFiles/property_refurbishment_marton.pdf
On launching back on to the rental market, the property attracted immediate attention from professional tenants looking for an updated village property that was ready to move into – and was let in 1 day.
A win win for both the Landlord and Tenants!
Talk to us about how we can help by investing our resources in your property to give you the rental that you want!
