5 Tips for Letting Out your Property

Letting a property is a big decision that requires a lot of thought and planning. We have created 4 tips for letting out your property to help give you some basic tips about how you can rent out your house with ease.
 

1. Do your research - think about your target demographic and the market rate for your property - what are similar properties being marketed for in your area? If you are struggling with this, our lettings teams can help.    
    
2. Prepare your property - a property that offers a blank canvas is more appealing to prospective tenants. Neutral colours will allow renters to picture themselves living there and calling it home. 
    
3. Make copies of any keys that a tenant may need for windows and doors, and for gas and electricity meters. It is also a good idea to dig out instruction manuals for boilers, alarm systems, cookers and any white goods, so the tenant has them to hand as soon as they move in.    
    
4. Organise insurance - it is very important that your current insurer is made aware of your intention to let out the property as your policy will need to be amended. If you are renting out your property for any length of time, you will also need landlord insurance. Most landlord policies come standard with liability insurance, property damage and loss of income coverage, which reimburses you for rent lost as a result of the unit becoming uninhabitable.    
    
5. Seek assistance - if you are looking for a tenant and not sure where to start, speak to one of our lettings teams today. We have an extensive network across Dorset, Devon and Somerset and will happily take the stress out of the process for you. We will undertake all the references and right to rent checks on all potential tenants, take care of viewings and follow ups and ensure the whole process runs smoothly. 
    

It’s understandable that you may have questions and need some extra help with deciding how to rent out your house and property. Our Lettings tips are designed to help ease some of the stress when preparing for letting a property. But if you are still uncertain about whether private letting is right for you, don’t hesitate to seek advice and guidance from your local estate agents. You can also check out our other blog posts and guides to buying, selling and renting homes here.

If you have any questions, or want more advice on letting a property, call one of our experts today and find out more about how to rent out your house or other property, stress free. Contact your local Lettings Agent office here.