home
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Spring's buy-to-let rush has created a 12% increase in available rental properties compared to this time last year.<br />
Last<br />
the number of people in the rental sector did not increase so this has created a tenants' market. Coupled with<br />
However,<br />
becoming far more savvy over the last few years (mainly down to Generation Rent and continuous media reports<br />
tenants<br />
the rental market) securing a suitable tenant is now harder. This over supply has caused London rents to fall annually<br />
of<br />
who look at the glass half empty may feel that the drop in rents along with the change in tax and potential<br />
Those<br />
in costs due to the impending ban on tenant fees paints a depressing picture for landlords.<br />
increase<br />
are offerings in this market for those who take the bull by the horns enabling you to get the rent you want. Decide<br />
There<br />
your target audience is and tailor your property and offering to suit their needs. If you're aiming at professionals<br />
who<br />
your property really appeals to their needs and lifestyle. Is the kitchen modern and well equipped with all mod<br />
ensure<br />
Many people prefer a shower so is yours up to scratch? Busy people don't have loads of time for cleaning and<br />
cons?<br />
- think of including a weekly cleaner and monthly gardener. You could go as far as having clean bed sheets<br />
gardening<br />
each week. These are add-ons that allow for some additional profit. Look at it like you would when purchasing a<br />
provided<br />
Most of us are prepared to pay a little extra for sat nav, DBS radio & air con and as owners we'd prefer to have our<br />
car.<br />
valeted for a tenner than do it ourselves.<br />
car<br />
you're struggling to rent your property perhaps it's time to take a fresh look at it. Identify what could be the stumbling<br />
If<br />
to renting it and can it be overcome? It may be that the property is looking tired. For a small outlay, a fresh lick of<br />
block<br />
be realistic. Being a landlord is a business so put your pragmatic hat on. It is better to have your property let than<br />
Finally<br />
it to be empty because the rent is not negotiable. Rents may have dropped for now, however it is more than likely<br />
for<br />
all about knowing the market and the little extra that can set your property above others to get you a better rent,<br />
It's<br />
and to adapt to harder market conditions.<br />
faster<br />
BREXIT, BRICKS & MORTAR<br />
by 4.2% and you may be a landlord who has been affected by this.<br />
Not necessarily so.<br />
paint & a tidy up can really make the difference. Short term outlay more often than not brings long term financial gain.<br />
that over the long term they will rise, as will your property value so a few steps back now will turn to leaps in the future.