It will not be a surprise to anyone that tenants, much in the same way as buyers, are reconsidering what matters to them in a rental property right now. The impact of the COVID-19 pandemic has impacted every aspect of our life, and it is easy to see many people have re-evaluated what matters to them at home.
At Intercounty, we work closely in the local area, and since the market re-opened, we have spoken with many landlords and tenants in and around Saffron Walden. People are making decisions based on how they have felt in recent months, and on what they expect to happen as we move forward.
Tenants are re-evaluating what matters to them
This approach has also been recognised by Movebubble, a property rental app, who have released data regarding what tenants are looking for. Garden space has long been important for many tenants, but with so many factors to consider when looking for rental property, it possibly hasn’t been a priority for every prospective tenant.
However, with tenants having spent a lot of time cooped up inside, and fears regarding the second wave of COVID-19, the app states searches for rental property with a garden has increased by 193%.
This correlates with the information provided by Rightmove. The property portal undertook a survey which found that 49% of what tenants are looking for in their next home has changed. The leading priority is now outside space.
Outdoor space is a leading priority for many tenants now
Rightmove, using site data and a study of more than 4,000 movers, found that studio flats have been replaced as the most sought-after rental property type. Rightmove also state searches for property with gardens have risen by 84% since the market re-opened compared to the same month in 2019.
Rightmove’s property expert Miles Shipside said: “For as long as I can remember, south-facing gardens have been viewed as the crème de la crème of outdoor spaces among home-hunters. Longer sunny days means you and your plants benefit from the additional warmth. It doesn’t mean your house will automatically be worth £22,000 more if it has a south-facing garden as this is an average and it will also depend on the size, condition, and location of your home, but it’s certainly something to shout about in a listing as it could mean your home makes it on to a buyer’s shortlist over another property down the road, or even on the other side of the street.”
Miles continued by saying; “The key is to have the garden looking its very best for pictures and viewings. A quick lick of paint to a garden fence or shed helps, and it sounds simple but mowing the lawn and putting out a few garden chairs can give would-be buyers the chance to picture their new lifestyle.”
For all letting enquiries in Saffron Walden, please feel free to call us on 01371 874005 or why not email us at email@example.com. With considerable experience in the local letting market, and free valuation services, we look forward to helping you make an informed decision in the Saffron Walden rental sector.