NAEA Propertymark (the National Association of Estate Agents) has compiled its top tips for those who are putting their homes up for sale this summer, but those trying to successfully let their properties can also use this advice…
The summer can be a difficult time to let a property, especially if it’s a family home, as many people go away during the school holidays. NAEA Propertymark data shows that, during the summer months, the housing market tends to cool down, with the number of house hunters and properties available on the market dropping throughout July and August.
Nevertheless, if you are trying to successfully let your property this summer, there are some simple things you can do to maximise the appeal of your investment.
The President of NAEA Propertymark, Katie Griffin, says: “If you need to put your home on the market during the summer, it’s important to understand your target market and who will be the most interested in buying your home before you do so. Your local NAEA Propertymark estate agent will be able to guide you in the right direction if you’re unsure and help you put your home on the market at the right time, to increase your chances of a speedy sale.”
Start with these top tips:
Tidy up the exterior
First impressions are vital and really impact a potential tenant’s decision, so it’s important to make sure that the property looks well maintained and cared for from the outside, with windows and walls freshly washed to remove any dirt. For example, the front door can say a lot about the rest of the home for those viewing it for the first time, so a lick of paint or a quick wash down can help improve the overall look and feel of your property.
Prospective tenants will have varied tastes in décor, but they still need to be able to imagine themselves living there when viewing your property. Anything too over personalised can be a turn off, so keeping colours neutral will make the property more appealing.
Prune the garden
A well looked after garden can give your home the wow-factor, especially during the summer months, when many beautiful flowers and plants are in season. For starters, it’s important to make sure the garden is tidied of any litter, the lawn is mowed, weeds are removed and overgrown trees are cut back. If you have the time, try potting some bright coloured plants to make the space more attractive.
Giving the kitchen a quick freshen up can go a long way. By giving cabinets a quick lick of paint or replacing the doors and handles, the room will instantly become more attractive to potential tenants.
Let air and light in
Rooms that smell musty are a huge turn off for tenants – it’s important to open windows well in advance of any viewings, particularly those in rooms that are rarely used. It’s crucial to maintain a good level of lighting in the home, to make the space feel inviting – the summer is the best time for natural light, so open all blinds and curtains.
We hope that these tips help you on your way to successfully letting your property this summer!
When you do have new tenants, it may be a good idea to consider Rent Guarantee Insurance – a peace of mind cover that protects your rental income against tenant rent default.
Find out how much it will cost you to ensure peace of mind: https://www.justlandlords.co.uk/rentguaranteeinsurance