‘To let’ signs are becoming almost as common as ‘for sale’ signs as more people are drawn towards residential letting in Basingstoke.

Is it better to let your property or sell it?

This one of the most frequently asked questions when someone is considering moving into the residential letting market in Basingstoke. There are many reasons for considering residential letting over selling the property.

• The market may be depressed, and you cannot get the price you want or need for your house. In this case it might be worthwhile letting the house until the market picks up.
• You are moving, and you are not sure if you will want to stay in the Basingstoke area. Residential letting gives you and opportunity to move back to your home if things do not work out for you.
• You may have inherited a property in Basingstike, and want to use it to provide an income rather than sell it, residential letting allows you to do this.
• You want to go into property developing and see residential letting as an income provider for you and your family.

Who will rent the house?

People who turn to the residential lettings market in Basingstoke rather than buying a home do so for many different reasons.

• They may not have sufficient income to purchase a house in Basingstoke, and residential letting gives them an opportunity to live where they prefer to live.
• Students – these form a large part of the residential lettings market in some areas of the UK.
• Professionals who are relocating due to work
• People who want to try living in Basingstoke before committing to purchasing a house.
• People who have let their own house, and cannot purchase a property until a later date.

Lease contracts referring to residential lettings are usually from 6 months onwards with the option to renew or extend.