Appealing decor and fittings could attract good tenants

Posted under General by Alan

The credit crunch and the property market slump are leading to creation of novel ideas that could help reduce the negative impact of the prevailing economic climate. The Residential Landlords’ Association (RLA) has suggested that buy-to-let investors improve the interiors of their properties in order to maximise lettings.

RLA director, Alan Ward, commented that landlords should make their properties more appealing by matching their interior decor and fittings to the likes of the tenants they are looking for. He also suggested researching the local market for deciding whether the buy-to-let property should be partly or fully furnished.

Alan Ward felt that landlords must put extra effort in this direction since a well presented property provided them with a wider choice of tenants for selection. He further suggested that chosen groups of tenants should also be researched to find out which facilities could meet their expectations. He elaborated with an example that a young professional, sharing any house would prefer to have a room with a separate bathroom than to share a larger bathroom with elaborate bathroom furniture.

With a decline of nearly 50% in property sales, housing developers and homeowners are being compelled by the circumstances to take innovative measures to attract tenants.

According to the Royal Institution of Chartered Surveyors, landlords needed to be savvier about marketing properties, since new instructions for lettings were continuously on rise.