Letting a property in the UK can be a great source of income, and provide you with the opportunity to give someone a beautiful home. But when it comes to how to let a property, there are a few important things to keep in mind.
Here, we will take a look at some advice on letting a property, such as how to choose a buy to let property and when the best time to let a property in the UK might be. Read on to find out more.
Every UK market has void periods. If you don’t know what those are, these are times when a property has not been let. Most landlords want to find ways to avoid stretching these periods out – so knowing the best times to market your property enthusiastically can be vital. This can depend on the type of property you want to let out, and to who.
January to March
January to March is the time when so many people are looking to make a fresh start. New Year’s Resolutions might mainly be concerned with the gym or learning something new, but a lot of people want to move around this time, too. You can expect a consistent flow of tenant interest and enquiries – make this a great time to have your property free for occupation.
April to June
April to June is the beginning of the warmer weather, and there are also the longer weekends at Easter and in May. This makes it a popular time for people to move without having to take time away from work, and the bright, fresh light makes properties look very attractive. The amount of tenant enquiries tends to peak between June and July, as once again people become restless and want a new space for the summer and coming end of year.
Are you letting to students? They will want to move in during September, so make sure your properties are on the market in plenty of time and ready to be lived in.
October to December
Once the colder weather sets in, you can expect less enquiries. This is the low season for enquiries, but conversely the quality of tenant increases. These tenants are motivated and excited to move.
Now that you know a little more about when to let a property in the UK, those void periods should be shorter than ever.
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