If you’ve been considering renting out your house, the start of the year has many benefits for securing a contract.
While January is a month of relaxation for most, this isn’t the case for Place Graceville’s rental department who see an influx of renters requiring houses.
Place Graceville’s leasing consultant, Jessica Tuite believes January is the best time to rent out your house due to increased demand, prospective tenants desire to be settled quickly and the resulting reduction in days on market.
January is the time when people make new year's resolutions to move, so there's an increase in demand due to the influx of tenants looking for rental properties.
“Renting out your house in January is good for owners because there is better choice when picking tenants. There are so many people looking for a house, you can be fussy and find the best tenant for your property,” Jess said.
Desire to be Settled
Jess says that at the heart of all the January moves, is the desire to start the year fresh and settled.
“January is a huge time of movement. It’s a frantic time of the year here in rentals because everyone wants to have a home secured and be settled into a property before the kids start school and they head back to work” Jess said.
“I know a lot of professions do postings during January, so you see doctors, military, police officers and university students needing to find a new home before they return to work,” she says.
Less Days on Market
With rentals in January boasting a reduced amount of days on the market, Jess says that landlords need to be ready to make quick decisions.
“My recommendation for anyone going into the market in January is to be prepared to make quick yes or no decisions,” Jess says.
If you’re considering renting out your house to capitalise on the benefits January has to offer contact Place Graceville and their experienced property management team.