If there isn’t much interest in your rental, what can you do?
When it comes to moving home, it can be a really stressful time. There are many different things to consider, particularly if you are selling a home as well as buying a new one. In the chaos and stress of moving, here is a handy checklist of things to watch out for.
A home is probably the biggest asset a person can invest in.
Buying a house for oneself can surely be one of the best and most pleasant experiences in a lifetime. After all, it’s an investment that requires careful research. And only after a well thought out plan coupled with effective implementation, the perfect property is bought. Now comes the next part; if the purchased house or apartment would be used as a buy-to-let one. In that case, homeowners should be particularly wary about how they must carry out the work.
So, after all the stress of putting the paperwork together and aligning documents, preparing your home for its next owner, your home is finally on the market, congrats!
We often have lofty ideas for our properties when they are on sale and while this is not such a bad thing, these ideas might not pan out as we planned.
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.
Quite a good number of people believe that getting their tenancy deposit back is impossible, or have the mentality that their landlords will do or look for any possible reason to hold back their security deposits. However, we can confirm that there are landlords who can't wait to hand you over your security detail as per your agreements.
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.
Not every buyer will take 15 minutes on a property they intend to live in or own for a very long time. Some will take their time looking for red flags, oversights and other shortcomings.
During your house hunting quest, chances are you will only see a given house at its best; perfectly organised, expertly staged, and clean. This gives you a perfect picture that lures you into buying the house; however, you might be missing a lot; recurrent water problems, rat and termite infestations, past flooding cases, etc. These are the things that eventually cost you a lot.
The demand for rental properties in the UK is quite high nowadays. This is mostly due to higher house deposits, and tougher mortgage rules making it difficult for people to buy their own home.