LETTINGS NEWS: A Perfect Time to Let A House To A Family
An apartment has long been considered the perfect buy to let property but now houses are becoming increasingly popular because of more families are renting.
Indeed, new figures from the National Landlords Association suggest the family has overtaken the single person – living alone or sharing – as the most common household type in the private rented sector.
If you have a suitable house (an investment property or perhaps your own house while you look for a new home to buy) this is the perfect time to step forward. That is because families want houses now, to rent in time for children to start at local schools in September.
Canny landlords will know that houses let more quickly and for longer if they are in tip top condition with good quality basics, so it may be worth fitting a new kitchen or bathroom.
The cost of the improvement work will be outweighed in a relatively short time by higher rent being achieved and, in particular, far shorter ‘void’ periods when a property lies empty between tenancies. In other words, good quality properties let more quickly, and for more.