f your pension is under find somewhere to live. It points
performing and the stock to a similar development of
market is just costing you property letting in the United
cash, then maybe property letting States and Germany.
is the route you should take to
While the BPF believes the
secure your financial future. solution is a professional rental
Buying a house and doing it up sector where property managers
could be a sensible thing to do – run domestic lets on a large
especially if you have relevant scale, as with commercial
building or decorating skills property now, this situation
that you can use to keep the presents clear opportunities for
costs of the project down.
small investors – you.
Buy to lets are very important
So if you decide to go down
to the UK property market. In the that route, or indeed you already
last week, the British Property have a home that you rent out to
Federation has said that property others, how can you make sure
letting is key to solving the that you and the tenant are
perceived housing crisis in the perfect for each other?
UK.
Estate agent Knight Frank
It says that government recently issued a series of tips
research shows demand for rented for both landlords and their
property is now 25 per cent tenants to help them get
higher than for houses purchased along.
privately. And it believes that
For you, the key thing to
difference will continue to rise remember is that property letting
if prices increase further.
is a business. And that means if
The BPF believes that it is you give the customer (the
only by renting a home that tenant) what they want, you will
millions of people who can't maximize your profit from your
afford to buy a home are going to investment. It's as simple as
that and the reason why it is key returned to you that way, whereas
to research your intended market if it's a bit tatty, tenants are
thoroughly. Ensure you understand less likely to take care of
the kind of people you hope to it.
rent to, and the lifestyle they
You are legally required to
lead.
get the boiler serviced each
Families renting a four year, and you should ensure the
bedroomed house want space, a electrics are up to scratch
garden, safety and no fancy too.
features that could be broken by
Finally, ensure you tell your
the children. Professional mortgage provider and buildings
couples might want more of a show insurer what you are doing. It
home and will be willing to pay a may seem tempting to keep it
little extra for the perfect quiet and save a little money,
location or feature in the but any claims you have to put in
home.
may be rejected if they discover
Next up, you must remember to you are property letting and
make your property neutral but haven't told them.
not bland. To impress tenants you
For your tenants, the estate
need to declutter and agent recommends they have
depersonalize the house before references ready in plenty of
viewings. Unless they are renting time, ask for any improvements to
it furnished, they need to be the property to be done before
able to imagine that they will be signing the lease, and commit to
happy there.
at least a year's rental, so as
Next in the list of property to be more attractive to
letting tips is to keep the house landlords.
in an excellent state of repair.
A house in an excellent condition
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Article Tags: house, letting, property
