17th August 2021
Maximising your student property let in Chester
If you’re a landlord with a HMO or student property in Chester, you’ll want to attract the best tenants and achieve the highest possible rent. However, today’s students are becoming more discerning when it comes to choosing their student let and landlords need to spend a little bit of time and money making sure that their property is presented in the best possible light and has all the conveniences that students are looking for right now.
In our experience, if your student property is in excellent condition, you will undoubtedly attract an equally excellent tenant (and get the highest possible rent). It’s a win-win!
One of the biggest challenges that landlords are facing right now in Chester is that there’s an ever-increasing number of purpose-built student properties in central locations. This means private landlords need to up their game to remain competitive. Purpose built accommodation in Chester provides students with modern accommodation and attractive on-site facilities, so landlords with period properties need to work that little bit harder by improving the overall standard of their property.
We’ve created a simple and practical guide which looks at what today’s students want from their landlords and accommodation, and how you can work with them to meet their expectations.
Getting your property market-ready for students
By making minor improvements to your property and doing any necessary repairs and decoration BEFORE you start marketing it, will drastically improve your chances of securing good tenants and achieving a high rent. If potential tenants notice you’ve gone the extra mile to improve the property, they’ll see it as a positive start to a great landlord and tenant relationship.
Of course, there has to be a fine balance between doing enough to the property to attract good tenants and not spending too much that your investment return is affected. However, many landlords are overlooking some simple and cost-effective improvements that they can make to their property to ensure it is snapped up quickly and attract the best possible rent.
Whether you have an established student property portfolio, or this is your first time renting out your property to students, you’ll find this guide super helpful in securing the best tenants and the best rental price.
If you would like more advice about how to improve your student property, contact our experienced lettings team today.