Here at YesCanDo Property we have lots of knowledge on helping people to let their property. We have put together some things to think about if you are considering letting your property.
Making sure your property is ready to be let can take some time and money, however in our experience, doing this now can mean you could find your perfect tenant sooner!
Everyone is keen to see the profits that a rental property can make, however you also need to carefully consider the costs involved. Make sure that you have a buffer fund for essential, ad-hoc repairs that may need carrying out. You should also budget for mortgage repayments, solicitors fees, letting agents fees, insurance costs as well as any furniture or furnishings needed for the property.
It’s time to make your property as presentable as possible, both inside and out.
The exterior is the first thing that potential tenants will see so it is important to make a good first impression. Weed the garden, mow the lawn, carry out any repairs, clean the windows and fascias and make sure the bins are out of sight.
When your tenants step through the door you want them to picture themselves living there. Remove any un-necessary furniture, clear out cupboards and wardrobes and declutter to create more space. As with the outside of the property, make any repairs, replace light bulbs and make sure everything works. A deep clean and fresh coat of paint can get rid of any unpleasant odours as well as brighten up the appearance of a room.
Once your property is ready to go you need to think about how you are going to let it out, for example do you have a room that could also be used as an extra bedroom or will you advertise it as a study or something similar? Are you going to advertise the property yourself on websites such as Zoopla or Gumtree or are you going to use a letting agent to advertise and find you the right tenant. YesCanDo Property have access to one of the top online property advertising tools – Rightmove. Either way it is always a good idea to speak to other landlords, ask for their opinions and recommendations.
If you need any other advice then please do get in touch with Yescando Property