Some would say that the best time of year to put a rental property on the market is during summer.
Whilst it is true that tenant demand peaks in line with the start of the academic year, one of the most common misconceptions about the rental market is that the winter months should be avoided when it comes to making a property available. In fact, the start of the year is one of the busiest periods, and getting your property on the market now can ensure tenancies starting in January and February.
Corporate tenants and those deciding to start afresh with a new job are looking at this time. It is also a popular time to look for those executing their New Year’s resolution to find a new home, so having a property made available in this time of year might prove to be crucial in order to avoid a void period.
Long gone are the days of tenants spending their Saturdays trawling around local estate agents looking at vacant properties to pick the best of what is available 3- 4 weeks prior to the move in date. Today, most start their search around 6-8 weeks ahead of a planned move date to avoid a rushed last-minute decision. Initial stages of the property search are now spent from the comfort of a tenant’s sofa, researching a location, viewing virtual tours, floorplans and photos of the property online first, and getting a clear picture of rental prices in their target area. Therefore, the change in weather should not affect interest in your property.
There has never been a time where a Managing Agent is more important, ever-changing compliance means more pressure on landlords to ensure regulations are adhered to. The lettings team at David Burr offer a service built around the needs of the individual landlord. From Let Only through to Fully Managed we aim to secure not the first but the right tenant for your property. Each property is unique and requires a different approach and type of tenant to ensure it is let swiftly.
The combined knowledge of our team delivers a first class service ensuring the interests of our clients are being consistently and reliably managed.