Finding a property for rent can be challenging! But you will be surprised to know that tenants are not the only ones facing the challenge, landlords face an equal problem in finding tenants. Having a property or portfolio of properties won’t be much of use to you, if you are not able to fill them with good tenants. Long gone are the days where landlords had the upper hand. The competition among landlords in UK is increasing as more landlords are putting their property in the saturated market.
If there isn’t much interest in your rental, what can you do?
If you are selling at the same time as buying, you will likely find yourself in the middle of a chain with people both above you and below you. A property chain is only as strong as its weakest link – the more links, the higher your risk. There are a few steps you can take to minimise your risk, check out our tips below…
Commencing duties as a landlord is a daunting task. There is a bewildering amount of legislation and best practices to keep up with. While you are busy making sure things are going nicely, it’s easy to overlook things coming your way and keeping up to speed with the latest changes in landlord legislation.
We all have heard of disputes that arise in the course, or even years after purchasing a home, or other real estate assets. As a home buyer, you may tend to be conversant with all the requirements that you should meet to buy a particular house. However, just like anybody else, you are subject to overlook on certain little details, which might eventually cost you greatly. This calls in for a real estate solicitor, who will help you navigate through every step. This might cost you additional pounds from your wallet, but it might help you greatly, eliminating any risk that would cost you a lot of money, or even total loss of your property. Let us look at some tips of how hiring a great solicitor could help you in buying a home;
For landlords who are considering on how to market their rentals, they are often faced with two major questions, “Do I furnish it or not?” and “Can furnishing my properties increase my rental yields?”. Well, there are no simple answers to these questions, however, we have compiled some of the benefits accrue to you as a property owner, as well as some downsides of furnishing. Read on!
When it comes to moving home, this has been rated as one of the top three stressful things that you can do. Most of the stress comes from not knowing what is going on and not being prepared for things that can get easily missed. We are here with a handy checklist list of things to watch for when you are buying a new home.
Find out if the reason your home isn’t selling is down to your pets, and prepare yourself to stop this issue before it wastes too much time.
It doesn’t matter what your home is like, it doesn’t matter how much you want for it, it doesn’t matter what time of year you are trying to sell your property. One of the most important things that you can do to make it even more interesting to those looking to buy is to ensure that your décor is right, that the way it looks is going to be appealing.
When you are giving your property to rent, you are trusting a stranger with your property. No matter what you do for a living, owning a property requires a lot of efforts. Property in UK does not come cheap, and the prices have risen over the past years. Whether you are renting out your property that you live in or some other property in your investment portfolio, you will want to have the best tenant. Also, there is some sentimental value attached to the property, so you need to be certain about who is living in it.
When it comes to letting out a property it isn’t always as straightforward as just collecting the rent each month. You will have a legal responsibility to your tenants and so you will need to make sure that you are doing the right thing and that you meet all the necessary rules and regulations. Our checklist here will help you get things covered.
Finding the right time to buy, and dealing with all the hassle that comes along with the purchase – will buying in the UK ever get any easier?