Landlords - why summer is a great time to let a property
Tue 03 Aug 2021
Summer is known for its great weather (well sometimes), longer days, barbecues in the garden and picnics in the park but that’s not all summer is good for. Summer gives landlords a great opportunity to let their properties and to do so fast.
You can make the most of letting out your property this summer by working with a reputable agent like Letting Solutions. We are a dedicated and experienced letting agent who can help you with letting out your property. You can find out more about how we do business here.
Summer is the peak period for tenant enquiries
Summer is statistically when tenant enquiries are usually at their peak. July to August is when the tenant enquiries reach the highest levels, which can in turn mean you are likely to experience a surge in tenant demand during the summer months.
Increased tenant enquiries and property viewings can result in a faster let. The rise in tenant interest in the summer months can also be used to your advantage as a landlord and it means you can set a higher rental price which increases your rental yield.
People want to move quicker in the summer
Apart from tenant interest being higher in summer, people also want to move quickly and this equates to a faster let.
Summer’s higher temperatures and longer days make it ideal for quick moves. The thought of packing and moving your possessions on a warm day is more appealing than hauling around boxes on a grey and gloomy day.
The summer weather isn’t the only reason why people want to move into a new property faster, a lot of families want to have settled into a new place before the school term starts in September.
Landlords can make the most of these seasonal circumstances by making sure their property is on the market and ready for viewings. As people tend to want to move quickly in summer, it would be wise for landlords to make sure their property is ready to be moved into, especially for tenants with children who will be keen to move in before school starts again.
Homes and gardens look better in the summer
The natural light that summer brings helps to make the inside and outside of your home look great. Harsh winters can make homes look dull and dark but the light that summer brings can help to make rooms look brighter and better. A well-lit room can look larger and this can help make your property appear more appealing to potential tenants.
Summer’s sunshine doesn’t just benefit your property’s interiors, it can also do wonders for its exteriors. A neat and maintained garden can look marvellous in the summer. It is up to you whether you get your shrubs into shape yourself or call on a professional to spruce up your garden for you.
Whatever you decide, it's proven to be worth the extra effort as research from Post Office Money shows that landscaping your garden can add 77% to the value of your home.
Summer is great for showing off your property’s outdoor spaces
If you don’t have a garden, summer still gives you the perfect opportunity to show off your outdoor spaces like terraces and balconies. Tenants who are looking to rent in the summer might be particularly interested in your outdoor spaces, as, with the warmer weather, they could be spending a significant amount of time there.
Make sure that your property’s outdoor spaces are neat and clean before viewings, and this may help tenants imagine how they will enjoy the sun at your property. An appealing outdoor space could help you turn a would-be tenant into your new tenant.
The pandemic has changed people’s priorities
The Covid-19 has brought massive upheaval to everyone’s lives and because of this massive change, what tenants are seeking in a property has also changed. With the popularity of homeworking, make sure your property has a nice home office space and fast broadband.
If you’re planning to let out a property this summer, use the better weather to your benefit to make the office space in your property look bigger. Faster broadband will now be more important to tenants as it is likely they’ll be working from home (at least some of the time) and their children could be taught from home again, too, if further lockdowns are introduced.
Here at Letting Solutions, West Lothian’s first dedicated lettings agency, we are continuing to operate throughout the pandemic.
You can find out more about our current hours of service and our current ways of working here.
Please don’t hesitate to contact us, even if you are not a current client. You can ring us on 01506 496006 where our team are waiting to help. Or you can email us at: email@example.com.