How to weather bad times to rent a property and save in good rent-a-property times
Home seekers can rent a property at any times of the year (Spring, Summer, Autumn and Winter). There is no a particular season to rent as such, although there are times when the rental market may be favourable or unfavourable to particular home seekers. Besides these favourable or unfavourable markets, there are personnel circumstances that can provide the reasons for the timing to rent.
Reasons that contribute to the season to rent
There are times when the rental market conditions may seem not going to home seekers’ direction for various reasons, conditions which may include the following:
• Budget constraints
• Home seekers need to give notice where they are living
• Academic or employment reasons
• Health conditions
• Family motives
• The current situation of the coronavirus pandemic and lockdowns
For all these various reasons, home seekers may choose to delay or anticipate the rental decision to take up tenancies of a property, in relation to their personal circumstances and conditions of life.
Reason linked to the EU exit
To the above personal circumstances, it can be added the continuing uncertainty linked to the ongoing process after the UK has exited from the EU.
With the contradictory news about what to do since the UK has left the EU, many home seekers may be asking whether or not this is the right time or season to rent. Like any other needs (such as needs to eat, dress, drink etc), everybody needs somewhere to shelter no matter the exit from the EU. Right time or not, this is a matter of personal decision.
Reason relating to the coronavirus crisis and lockdowns
Home seekers can as well try to think whether or not to rent now as we are in the middle of the battle against the coronavirus and in a national lockdown. For those who really need a place to live, the current circumstances of coronavirus and lockdown do not matter for them. In fact, finding a shelter could help them to better manage their personal circumstances during this crisis.
The same can be said about the Easter time. Some home seekers may find that this time of the year is a convenient one to rent. On the contrary, the same time may be unsuitable for others.
This week we are working with home seekers to find out ways of weathering bad times to rent a property and saving in good rental times.
Weathering the times to rent
This week’s work with home seekers is a customised one. This is because each home seeker has particular circumstances and conditions of life.
The customised support will include the following:
√ Identification of individual bad times to rent and good times to rent
√ Development of survival rental strategies
√ Factors to consider when making a rental decision
√ Decision making process regarding the choice of the right time to rent
Saving in good rent-to-property times
Home seekers can as well consider saving as an alternative so that they can rent when the season or timing is favourable to them. If so, there are saving options that can be looked at. This week, we are going to look at the saving options available in order to meet home seekers’ rental needs.
If you are a prospective tenant or home seeker and you are not sure about the best time for you to rent, Home Relief can work with you to consider the economic factors and rental parameters applicable to you as well as support you make an informed decision about the appropriate time for you to rent.
To involve Home Relief in your decision making process about rental times, contact Home Relief Now!
If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.