Cottages to rent in the Cotswolds – FAQs
There is always high demand for cottages to rent in the Cotswolds. Which may be why you are considering renting out your home or investing in a rental property. Either way this beautiful region of England is highly desirable and attracts plenty of renters looking for a slice of quintessential British life. Finding the right cottage to rent in the Cotswolds can be a daunting process for tenants, equally, finding the right cottage to invest in as a landlord can be equally stressful – especially if you’re new to the game. In this article, we’ll answer some of the questions we are frequently asked by property owners in the hope that these help you navigate the process of renting out a cottage in the Cotswolds.
The Cotswold Property Market
What is the current rental market like in the Cotswolds?
The rental market in the Cotswolds is highly competitive, with a steady demand for properties. Prices vary depending on the size and location of the property, however there are some real honeypot locations and in these more desirable areas, cottages to rent in general can command a higher rental value. It’s always a good idea to research the current market and work with a reputable letting agent to ensure you’re getting the best rental price for your property.
Do I need to make any repairs or upgrades when preparing my cottage to rent in the Cotswolds?
It’s essential to ensure your property is in good condition before renting it out. This includes making any necessary repairs, deep cleaning the property, and ensuring all appliances are in working order. If you’re renting out a furnished short-let property, make sure all furniture is clean and in excellent condition. Upgrades and renovations can increase the rental value of your property – cottages that command the highest rental income are always renovated and presented to the highest standard. But it’s important to weigh the cost of high end renovations against the potential return on investment.
Should I use a Cotswold letting agent to rent out my property?
While it’s possible to rent out your property without a letting agent, using one can save you a lot of time and stress. Letting agents can handle everything from advertising your property to screening tenants and drawing up contracts. They can also provide valuable advice on rental values and legal requirements, such as safety regulations and tax obligations. Here at The Cotswold Letting Agency we tailor our management services to each and every owner. Some of our owners live overseas or elsewhere in the UK, so having a local team on hand to manage tenants and any emergencies can prove invaluable.
What legal requirements do I need to be aware of when renting out my property?
As a landlord, you have certain legal obligations when renting out a property. These include ensuring the property meets safety standards, protecting the tenant’s deposit in a government-approved scheme, and providing the tenant with a copy of the Energy Performance Certificate (EPC) and Gas Safety Certificate. It’s essential to familiarise yourself with these requirements and ensure you comply with them to avoid legal issues down the line. This is another reason why working with a reputable and local Cotswold letting agent is a good idea. Any good agent will offer advice on this and support you in ensuring your property is fully compliant. Take a look at our guide to renting your house to discover more tips and advice.
How do I find suitable tenants for my property?
Finding the right tenants is essential for a successful rental experience. Advertising your property through a reputable letting agent is the safest way to attract potential tenants. They should carry out background checks and reference checks to ensure the tenant is suitable for your property as well as preparing the rental agreement and managing the entire check-in and check-out process. Owners who choose to manage their own rental properties should look to online platforms such as Zoopla, Rightmove, and Airbnb to advertise their property.
You can read more about why property owners choose to use us.
What should I include in the rental agreement?
The rental agreement should include essential details such as the rental price, payment terms, length of the tenancy, and any restrictions on the use of the property. It should also outline the tenant’s responsibilities, such as maintaining the property and paying bills. It’s important to have a clear and detailed rental agreement to avoid any misunderstandings between you and the tenant. Without wanting to sound like a stuck record, the rental agreement is another reason why many property owners look to use the services of a letting agent.
In conclusion, being the owner of a cottage to rent in the Cotswolds can be a lucrative venture, but it’s important to do your research and follow the necessary legal requirements. Working with a reputable letting agent can make the process much easier and more straightforward, while ensuring you attract suitable tenants for your property.
By following these tips and taking the time to prepare your property, you should be able to enjoy a successful and stress-free rental experience in this beautiful part of England.
If you’re thinking of investing in a buy to let, have any unanswered questions or would just like to know more about the Cotswold rental hot spots, get in touch with Olly or Ferg, who will be only too happy to share their expert knowledge and advice.
You can always call them on 01993 684572 – or pop in to our office Monday to Friday 09.00 – 17.00 at 15 Witney Street, Burford, OX18 4SN. Or send an email to olly@cotswoldlettingagency.com or fergus@cotswoldlettingagency.com and we will get straight back to you.
