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Cost more important than location for most renters

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Almost eight out of ten renters consider cost to be more important than location when it comes to finding a rental property, new data reveals.

According to a survey carried out by Dlighted, cost was more important for 9% more of respondents than location, indicating that cost is the most important factor for many renters.  

The survey also showed that 23% of renters value parking, while 32% would like to be able to keep pets. A garden or outdoor space was also important to many respondents.  

A spokesperson for Dlighted, Ajay Jagota, said: “It’s always been claimed that location, location, location is the key to buy-to-let success, but these days it’s more accurate to say cost, cost, cost.” 

In addition to this survey, data released by the UKALA shows that 42% of landlords in London have experienced void periods in the last quarter.  

One of the reasons landlords have experienced void periods is due to tenants not being able to pay the rent.  

Landlords who experience void periods always want to make sure they have a guaranteed rent scheme in place or find new tenants as soon as possible.  

At Assetgrove, we offer a guaranteed rent scheme to landlords which gives you a fixed monthly rent for up to five years. And this applies even if the property is empty due to voids.  

Click below for further information: 

Property Reporter 

Neil Jennings

Neil is the Operations Director at Assetgrove Lettings, London's Leading Rent Guarantee Company, providing Landlords with no voids, property maintenance, fee-free property management and stress-free service.

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