Tenants Choose Security & Stability
Tower of London
haart estate agent says their lettings division has seen average rental periods increase from 9 months to around 14 months, with tenants staying for longer opting for security and stability.
So despite the fact that the prices are falling and there are many good deals available, it seems that most tenants would rather ask for a rent decrease from their current landlord, than think of moving to a new place in this economic climate.
My humble advice to landlords and agents would be to start making their advertisements more serious. The listing should be as percise and descriptive as possible. No exaggerations, no pretty words, no pointless bling slide-shows. We want to know as much details as possible, see enough good quality photos, and can anybody say why floorplans are still not mandatory?
It would actually be quite easy now for agents to provide floorplans on rental properties as many energy inspectors are offering to do them at a small additional fee while they’re at the property preparing the EPC.
There’s not really been the demand from Landlords so far but if one of the big boys started adding them to their rental properties that may change.
Oh, the inspectors offer this? Well then it’s only a matter of time till floorplans are more widely used! Hmm, very nice.