If you are a landlord in Bridgend, we are here to help you. We know the local rental market, and we know what tenants are looking for. By meeting the demand for rental property, you will enhance your chances of connecting with tenants, and avoiding void periods in your rental property.
As well as knowing the local rental market, we stay in touch with the latest industry research.
Space is vital in the rental market
Research carried out by Space Station suggests 46% of new-build homes come equipped with a utility room and additional storage space. This is great news for buyers of new-build homes, but what about everyone else?
Vendors should look to add more space to attract buyers, and if you are a landlord, you need to consider the importance of storage space.
Vlatka Lake is a well-regarded storage specialist at Space Station, and she shared tips on how landlords can make changes to their rental property, which creates more space for tenants:
· Create a small utility area
· Utilise unused space
· Utilise vertical space
· Revitalise your pantry space
Create a small utility area
You might need to be creative when making space in your rental property, but there are options in many homes, including:
· Unused space under stairs
· The use of shelving in tight areas
· A worktop can be added to limited areas
Utilise unused space
Take a look around the rental property, and you might find space that is currently unused or under-used. Examples include:
· Space under a bay window
· Empty corners
· Space underneath cabinets
Utilise vertical space
There is often a lot of space available for landlords in their rental property, if they think vertically. Solutions to consider include:
· Storage cupboards on walls
· Hooks or pegs
· A bookcase
Revitalise your pantry space
If your kitchen area has a pantry space, you want to maximise its utility. Adding additional shelves and a door organiser can boost the available space, which helps to make the kitchen feel roomier.
Vlatka also spoke about the importance of storage. Vlatka said; “Spaces such as utility rooms are really desirable features, as they offer practical storage space, freeing up room in living areas like the kitchen and dining room. However, not all homes are made equal and our recent analysis shows that for the price of an average UK home, the chances of finding a pre-owned property with a purpose-built utility room are just 8%. There are ways for those looking to sell their home to really maximise the space they already have available and create more appealing storage solutions for potential buyers.”
Vlatka concluded by saying; “Simple DIY jobs such as adding more shelving in the garage or garden shed, or sprucing up your existing pantry, can really appeal to prospective buyers and help sell your house as quickly as possible.”
At Hunters Bridgend, we are proud to play a part in supporting a thriving and friendly local community. If you would like information or guidance on how we can assist you, or you just want to stay in touch with the latest housing industry news, please contact us today.