Tuesday, 5th November 2013
Landlord advice: how to maximise return
When buying to let, maximising your return is essential. Landlords must keep up with the changing demands of tenants and embark on property viewings of their own
Over the past decade the number of renters has grown dramatically. As more people rent a home and rent for longer, so tenants' needs and wants change, too.
Students renting before the millennium were likely to get a single room with a desk and storage unit, and shared facilities. Now they expect en-suite, fast broadband and flatscreen televisions, and maybe games rooms and a gym.
Whether a landlord for 30 years or about to buy to let for the first time, it is essential you keep up with what tenants are seeking to maximise your returns.
You must ensure the home is maintained well. Reasons all tenant types give for not renting properties include outdated kitchens or bathrooms and poor decor. Tenants are renting a home now, not just a temporary stop.
Keep in touch with what your tenants need and want by talking to local letting agents about what is renting quickly and for the highest price. Visit similar properties locally to check yours is up to date and good value.
For more information speak to one of our experts on: 01865 481491 or email: firstname.lastname@example.org