Richard Butler Creagh Tips on the Lettings Market for Autumn
20:04It is kind of lonely that the summer is well and over behind us. But looking at the bright side, this can pose as a great opportunity for property investors.
Richard Butler Creagh gives us tips on how to excel on the property market this autumn.
The summer holidays are over
With a lot of people back from their summer trips in the autumn, tenants will likely start searching for new home again. This means that if you suffered a low-down during the summer, you are likely see a rise in demand during the cold months. This is a great news if you are planning to get a property let.People wants to move in
Tenants will also be more eager to move into new properties in the autumn because this means that they will be settled into their new homes by Christmas. As a result, property investors will be sure that this fact, accompanied with an increase in demand, will lead to more properties being sold up as quickly as possible. A fast move-in will also prevent you from long void periods, which can have a hazardous effect on your finances.Students are returning
It is usually on September and October that students start coming back to their respective universities. If you are a new investor in properties, you will soon get used to this cycle. You can even allow short-term lets during the summer to keep your property full.Target the right tenants
If you have been suffering a slump during the summer, you must take this opportunity to ensure that you are targeting the right kind of tenants and that your property is suitable for them. The most important factor on having a successful lettings business is to have trustworthy tenants in your properties so you must make sure you find the right ones. If you decide to target different tenants, make some changes in your investment like considering adding another bedroom for family tenants.If you are interested in purchasing a buy-to-let property then contact a reputable bridging finance company like Henley Finance. Follow Richard Butler Creagh on Twitter or watch this video to find out more
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