Summer rentals: How to make your rental property stand out

As a landlord, summer can be a lucrative time for the rental market. One way of optimising your investment and making it both more lucrative and secure is to make your property stand out. Stand-out properties attract stand-out tenants and learning how to make this happen is relatively straightforward. 

Prepare your property to a high standard  

Start with the basics: create a clean, bright, and spacious setting that is free from blemishes. Shining tiles, mirrors, and kitchen and furniture surfaces with dust-free and as flawless as possible windowsills make good first impressions. If the property is partially or fully furnished, create the most inviting and optimum layout. Use good-quality furniture and consider cleaning any upholstery to help your property’s scent become a breath of fresh air. From stylish storage units, coffee tables, USB sockets, and dried flowers, you have many options while leaving space for the individual creativity of new occupants. 

Flaunt your property’s best outdoor and indoor features  

During the summer months, the garden and outdoor areas will be at the forefront of tenants’ lists of wants. So, make every effort to make these areas stand out. Fuse functionality with spaciousness, quality, and cleanliness. French doors that flow to nice outdoor spaces are features worth talking about. A new oven, or improved bathroom with a feature bath is also worth capturing with good photographs so these features are seen by potential tenants. Perhaps your property is fitted with air conditioning, a hot tub, or an outdoor dining area with plenty of privacy. 

Give your property year-round appeal 

Your tenants may be moving in during the summer months and will love any summery themes that improve the property. However, they will most likely have the winter at the back of their minds. Leave hints that winter will be warm and wonderful too. If the property has had new windows, a replacement boiler, or blackout blinds fitted recently, then these features are both practical and in demand during the summer and the winter. Ideally, you want your tenants to be happy and content all year round.  

Add some new stand-out features to your outdoor and indoor spaces  

Nice outdoor lighting, decking, a barbecue area, or a pizza oven could transform a simple yard or a garden into something a bit more special. Tenants will happily pay more for good outdoor spaces. If you are letting an apartment, make the balcony a comfortable place to unwind. Smart technology in the form of appliances such as fridges, which allow you to view their contents from anywhere, to security, and lighting could help increase energy efficiency. Creating a secure and relaxing home that is easier to manage and live in compared to rival homes will increase its desirability. If you are redeveloping the property, consider sliding glass walls, wall removal, or a new kitchen and bathroom.

Choose the right property professionals

There is little point in preparing your property to the highest standards if it is not compliant or safe. If you are a discerning landlord interested in achieving a good return on investment, you will place paramount importance on letting your property to the right tenants. Once they have moved in after thorough referencing and your deposit has been collected, you want your property to remain in tip-top condition. Choosing the right team could mean you don’t have to worry about carrying out any of this yourself.As a landlord, summer can be a lucrative time for the rental market. One way of optimising your investment and making it both more lucrative and secure is to make your property stand out. Stand-out properties attract stand-out tenants and learning how to make this happen is relatively straightforward. 

Prepare your property to a high standard  

Start with the basics: create a clean, bright, and spacious setting that is free from blemishes. Shining tiles, mirrors, and kitchen and furniture surfaces with dust-free and as flawless as possible windowsills make good first impressions. If the property is partially or fully furnished, create the most inviting and optimum layout. Use good-quality furniture and consider cleaning any upholstery to help your property’s scent become a breath of fresh air. From stylish storage units, coffee tables, USB sockets, and dried flowers, you have many options while leaving space for the individual creativity of new occupants. 

Flaunt your property’s best outdoor and indoor features  

During the summer months, the garden and outdoor areas will be at the forefront of tenants’ lists of wants. So, make every effort to make these areas stand out. Fuse functionality with spaciousness, quality, and cleanliness. French doors that flow to nice outdoor spaces are features worth talking about. A new oven, or improved bathroom with a feature bath is also worth capturing with good photographs so these features are seen by potential tenants. Perhaps your property is fitted with air conditioning, a hot tub, or an outdoor dining area with plenty of privacy. 

Give your property year-round appeal 

Your tenants may be moving in during the summer months and will love any summery themes that improve the property. However, they will most likely have the winter at the back of their minds. Leave hints that winter will be warm and wonderful too. If the property has had new windows, a replacement boiler, or blackout blinds fitted recently, then these features are both practical and in demand during the summer and the winter. Ideally, you want your tenants to be happy and content all year round.  

Add some new stand-out features to your outdoor and indoor spaces  

Nice outdoor lighting, decking, a barbecue area, or a pizza oven could transform a simple yard or a garden into something a bit more special. Tenants will happily pay more for good outdoor spaces. If you are letting an apartment, make the balcony a comfortable place to unwind. Smart technology in the form of appliances such as fridges, which allow you to view their contents from anywhere, to security, and lighting could help increase energy efficiency. Creating a secure and relaxing home that is easier to manage and live in compared to rival homes will increase its desirability. If you are redeveloping the property, consider sliding glass walls, wall removal, or a new kitchen and bathroom.

Choose the right property professionals

There is little point in preparing your property to the highest standards if it is not compliant or safe. If you are a discerning landlord interested in achieving a good return on investment, you will place paramount importance on letting your property to the right tenants. Once they have moved in after thorough referencing and your deposit has been collected, you want your property to remain in tip-top condition. Choosing the right team could mean you don’t have to worry about carrying out any of this yourself.

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Today marked a historic moment as King Charles III delivered his first speech, outlining the government’s priorities for the upcoming year. Among the key announcements were significant reforms impacting the rental and property sectors. Let’s delve into the three major takeaways that should be on every letting agent and landlord’s radar.

 Renters (Reform) Bill: A Balancing Act

The speech reiterated the government’s commitment to the Renters (Reform) Bill, signalling a renewed focus on the rights of tenants and the concerns of landlords. A notable highlight is the pledge to abolish Section 21, commonly known as “no-fault evictions,” a commitment that has been in the spotlight since the Queen’s Speech in 2019.

However, the timeline for implementation remains uncertain. The King’s Speech provided no further clarity on the criteria and deadlines for the significant court process reforms required before Section 21 can be abolished. Letting agents and landlords should stay vigilant for updates, as these changes will reshape the dynamics of the rental market.

Leasehold Bill: A Path to Fairness

King Charles III emphasised the government’s dedication to making homeownership more accessible by introducing a Leasehold Bill. The proposed reforms aim to streamline the process of buying the leasehold of a property and alleviate the burden of “punitive” service charges.

Estate agents need to monitor the legislative landscape, anticipating reforms such as simplified procedures for leaseholders to purchase the freehold or extend their leasehold. The introduction of a cap on ground rent at 0.1% of the freehold value could transform the leasehold market, while changes to ownership requirements may lead to a future where all houses are sold as freehold.

Net Zero and Energy Efficiency: A Green Commitment

The government’s unwavering commitment to achieving Net Zero emissions by 2025 is a pledge with broad implications, including significant changes in the property sector. King Charles III expressed the government’s desire to “safeguard energy independence” and invest in renewable energy sources.

For landlords and homeowners, the initial requirement to upgrade properties to an EPC C rating by 2025 on new tenancies, and 2028 for all tenancies, faced a revision in September 2023. Prime Minister Rishi Sunak announced the relaxation of these targets, relieving landlords and homeowners from the original deadlines. However, the commitment to energy efficiency and the transition to renewable sources remains a focal point in the government’s agenda.

As we navigate through this new era under King Charles III, the landscape of the property market is set to undergo significant transformations. Letting agents and landlords must stay informed and adapt to these changes to ensure a smooth transition into a more tenant-friendly, fair, and sustainable future.

 

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