Find out how By Design agents are different to traditional letting agents
Premium rentals is an emerging market as property owners opt to hold on to their properties rather than sell them. When renting out a premium property, you need reassurance that you are in good hands. You want to know that your tenant is of the very best quality, can afford to make the rental payments and will look after your property.
When renting out a premium property, you need reassurance that you are in good hands. You want to know that your tenant is of the very best quality, can afford to make the rental payments and will look after your property. These are the main concerns of any landlord at any price bracket, but it is particularly crucial when dealing with properties at the highest end of the market.
Premium rentals is an emerging market as property owners opt to hold on to their properties rather than sell them. Equally, there are many tenants looking for a high-end property to live in.
It may come as a surprise that there is an emerging market for higher-priced, high-end rental properties. After all, if there is enough income each month to make high rent payments, surely there is enough wealth to purchase a property? That is probably the case, but many choose to rent for various reasons.
There is a market for wealthy tenants that want to rent high-quality properties. Perhaps they've sold their home or are looking for a property to live in before deciding on their next purchase. Or maybe they are long-term renters, allowing them the freedom and flexibility without being bogged down in property ownership and responsibilities.
And there are many reasons a prestigious property may be a good option for rental. Would-be tenants are increasing the amount they would be happy to pay in rent to be able to live somewhere special. They may not want the hassle of owning the property or might wish to move into the property quickly, meaning that the lengthy legal process of purchasing is not an option for them. Equally, they may want their funds to remain liquid rather than tying them up in property ownership.
So, it makes sense that if owners of exceptional properties don't want to sell up, and wealthy tenants want to live in wonderful homes but not own them, the market for high-end property rentals is booming.
If you have a premium property you don't currently live in, you might have been thinking that you'll have to leave the property vacant, costing you cash each month in running expenses, but at least you haven't had to sell it.
Now there is a way to retain the property in your portfolio without leaving it empty. And the property can generate monthly revenue too.
But you wouldn't want to move in with any old tenant. And you wouldn't just advertise your property on the property websites and hope that a suitable tenant happens to find it. You need a structured approach to ensure that the occupants of your property are up to scratch.
Premium properties are, by their nature, a niche market. It is, therefore, crucial for a national team to work together to find the best buyers from across the country. When instructing a By Design agent, you are also instructing hundreds of their colleagues around the country—getting better results through collaboration.
Landlords of premium homes want to ensure they find the best tenant. At the higher end of the market, this tenant could be relocating from somewhere in the UK or further afield. By Design uses AI and innovative technology alongside a connected database across all of our agents to ensure that your property gets the coverage and exposure needed to find that perfect tenant.
The search for the perfect tenant seems unending and almost impossible. Just like trying to find a needle in a haystack, you are searching for the ideal tenant that wants to rent your property, can afford the premium rental amount and will be suitable for you and your property.
But By Design agents have access to untapped data from the connected network database. Using innovative Artificial Intelligence, they can decipher that data to highlight the exact right tenant for you. Expert in lettings and experienced in the premium property market, By Design agents will leave no stone unturned. No I's left to dot, or T's left to cross.
Where technology, experience and national scale combine. By Design is a first in the UK: giving sellers the benefit of a network of leading, independent estate agents who work together in one centralised system. Sellers benefit from a national database of high-net-worth individuals as prospective purchasers, and by working together, we find more buyers than our competitors.
We offer a different service for homes which deserve a national audience and for property owners who want the care and reassurance of a local, independent, expert agent. By Design offers you the best of both worlds; Independent experts that are connected nationally.
Get in touch with one of our experts today to learn more about By Design and how we can find the perfect tenant for your premium rental property.
