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Tess Wigram, Lettings Manager at Stags Exeter, explores how Stags is helping homeowners make the most of current conditions by offering flexibility and options for their property.
With the property market continuing to evolve, flexibility has become more important than ever. At Stags, we are seeing a growing number of clients seeking advice when they have a vacant or additional property and exploring their options. Whether they have inherited a property, have been unable to sell or perhaps looking at alternatives to holiday letting, which, following recent tax changes may now not be as profitable. As a firm, with a wide range of property services working closely together, we are in a strong position to offer practical solutions to deliver an alternative income stream in the meantime.
One of the major strengths of our firm is the breadth of our coverage. With 22 offices across the region and a well-established lettings portfolio, we are uniquely placed to advise on various options which you may be considering, backed by local knowledge and professional insight. Whether it is a period cottage in need of the right tenant or a modern family home waiting for the ideal buyer, our network allows us to work together acting swiftly and smartly.
We also understand that not every landlord sets out to be one. Increasingly, we are supporting ‘accidental landlords’, homeowners who choose to let out a property on a relatively temporary basis while they wait for the sales market to improve, relocate to another area or just need time to consider their longer term options. In these cases, our team can assist during the whole letting process ensuring that all necessary legal and compliance requirements are met, including safety certificates, deposit registration, with guidance around the vital and ever-changing regulatory landscape. For those who prefer a hands-off approach with the reassurance that someone else is overseeing the tenancy, our full management service offers peace of mind.
Although for some landlords letting out their property is a short to medium term option, it is also worth considering that longer-term letting can be a sensible financial decision in its own right. With demand high and rental values remaining strong, we are seeing attractive yields and multiple applications for well-presented homes in good location. In addition, the flexibility of our service allows landlords to review the position periodically and decide whether to continue letting, re-enter the sales market at a more opportune time or simply move back into the property.
At Stags, we are proud to offer the knowledge, coverage and experience needed to guide our clients through this process and help them make informed decisions that suit both their short and long-term plans.
If you would like advice on whether letting your property could be the right option for you, please contact your local Stags office, we would be delighted to help.
