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Calling all tenants – have you got the X Factor?
9:54am Thursday 3rd January 2013
By 2016 demand for private rented accommodation could reach one in five households, resulting in a need for an additional 1.1 million rental homes, according to a recent report by Savills.
With tenant demand sky high and fierce competition to secure a home, UK tenants need to present themselves in the most favourable light in order to secure a rental property.
James Davis, CEO of online lettings agent Upad and experienced landlord of 14 years, said: “Demand for rental property just continues to rise. With this in mind, competition among UK tenants is rife – it’s almost become like the X Factor. So it is important that tenants realise what they need to do in order to ensure they’re picked.
“There are now far more tenants chasing far fewer properties. Tenants need to act fast to put themselves in pole position.”
According to SpareRoom.co.uk, house shares with six or more bedrooms are the fastest growing property type in terms of supply and demand.
James said: “It’s interesting to see how tenants are trying to make savings. While living in a house share with five other people isn’t necessarily ideal for many, rents are often lower and bills are split between the household, meaning that tenants will have more money in the bank every month.
“It’s easy to see why this is quickly becoming a favoured option for UK renters.”
For tenants looking to make an impression, beat off competition and secure the perfect rental property, here are Upad’s top tips…
1 Get your response in fast: Not only will this give you the best chance of the property still being available, it makes you look organised and serious about the property. Being on time for the viewing is also essential.
2 Talk to the landlord: Always ensure you speak to the landlord on the phone before any viewing. This way you can make sure you’re a good match for the property before taking up everyone’s time.
3 Have your key questions prepared: Showing that you know what’s important about the property to you gives you a more professional image. It also ensures that you don’t forget anything essential.
4 Show appreciation of the property: Landlords will have invested time and energy (both emotional and physical) in their property. Telling them that you love what they’ve done may go a long way in sealing the deal.
5 Be open: The more you’re willing to share about your life, your income, your plans etc (within reason!) the more confident the landlord will be in trusting their property to you.
6 Presentation: Don’t just make sure that you’re smartly presented. This might sound strange, but if you’re driving to the viewing make sure that the car’s also clean and tidy. Many landlords will see how you keep your car as a good indication of how you’ll treat their beloved bricks and mortar.