Navigating the UK Rental Market in July: Tips for Tenants and Landlords in Preston

July brings opportunities and challenges for everyone in Preston involved in the rental market. Following these tips can help you to ensure that you are ready to both take advantage of the opportunities and tackle the challenges.

Tenants

Start Early
If you would like to move during the summer then make sure that you start looking early and ensure you are prepared. The summer season is a popular time in Preston for moving so it is essential for you to start your search early.

Begin researching available properties and contact local letting agents or landlords straight away. Being prepared with necessary documents such as proof of income, employment and landlord references, and ID will help you to secure the rental home that you would like quickly.

Budget
Evaluate your financial situation and determine your realistic budget for rent. Don’t forget to include expenses like utility bills, council tax, broadband and contents insurance. Being clear about your budget will help you to save time by focusing only on properties within your price range.

Be Flexible
July can be a busy time for both tenants and landlords. Being flexible with your move-in dates can increase your chances of securing the rental property you would like. Work together with your new landlord or letting agent to find a move-in date that works for both of you.

Landlords

Marketing
Take advantage of the spike in rental demand in Preston over the summer by ensuring that your property is being correctly marketed. Make sure that it is being advertised through a variety of online platforms and media, and that high-quality photographs are being used which highlight its best features. Consider working with a professional letting agent who can effectively promote your property to potential tenants.

Condition
Ensure your property is well-maintained and in good condition. Carry out any necessary repairs, make sure it is thoroughly cleaned, and consider updating it if it is starting to look a little bit tired. A well-presented property will attract high quality tenants and potentially command a higher rent.

Be Competitive
Research the rental market in your specific area, not just Preston as a whole, and ensure that your rental rate is competitive. Pricing your property appropriately will attract more tenants and minimise rental voids. Consider factors such as location, amenities, and condition when determining the rent. Keep in mind that a fair and reasonable rate will help you to attract long-term, reliable tenants.

If you would like to know more about the effect that summer has on the rental market in Preston, Leyland, Chorley or the surrounding areas or would like to know more about how we can help you to manage your rental property please give us a call on 01772 284606 or send an email to office@prlettings.com.