When preparing your property to let in Sheffield there is a great deal to do. From preparing your property for viewings by potential tenants, through to ensuring that you meat all the necessary legal requirements placed on you as a landlord.
First impressions count for everything when it comes to property, so it’s vital your home looks its best for potential tenants. Maintaining this condition for all your viewings will give you the best chance of letting your home and achieving the best possible price.
Your Belvoir! Sheffield advisor will cover all areas with you to ensure that your property is presented to the very best of its potential, but primelocation have published a very useful overview that covers all the main points:
The external view
This is the first view your potential tenants will have of your property, so you should focus on optimising its appearance.
Tidy up the front and back garden
Repair cracks, holes or blemishes in the driveway or walls
Give the window frames and door a lick of paint if they need it
Make sure the house number is clearly visible
Keep rubbish and rubbish bins out of sight.
The interior
De-clutter
Make minor repairs
Clean thoroughly from top to bottom
Eradicate unpleasant odours, like pet smells and cigarette smoke
Decorate rooms if required
Clean, tidy and presentable?
Of a sufficient size for the family composition?
Clean and free from damage, such as damp?
Free from serious disrepair?
Structurally sound and not suffering from conditions such as subsidence?
Make sure all aspects of your property are up to scratch and meet all of the required standards to give you the best chance of finding the right tenants and achieving the best price. Again, we here at Belvoir! Sheffield will help and advise you comprehensively to ensure that your property is let quickly and maximises its potential return/s.
As well as the physical standards of the property itself, there are numerous other standards that will need to be met, including safety standards for gas and furniture.
If the property is to be occupied by more than one family or party, this constitutes a House in Multiple Occupation (HMO) and further regulations will need to be adhered to, as well as registering with your local authority. Read more about requirements for Houses in multiple occupation on the Communities and Local Government website.
It may seem like a lot of work, but with time, energy and even a bit of money spent now, it could really make the difference to how quickly you let your property and how much rent you can charge. Speculate to accumulate! We offer a comprehensive service to landlords enabling us to not only advise you but to also complete a great deal of the work to get your property ready for market and your investment working to the very best of its abilities.
Who should you consult before letting your property?
Before you can let your property, you need to consult a number of parties:
Your mortgage lender – your lender may ask that you let your property on an Assured Shorthold basis.
Your insurance company – if you don’t let your insurance company know that you have let your property, you may not be covered in the event of damage, fire or theft in the property. You may need to look at our specialist Landlord Insurance. Your freeholder (if you have one) – important if you wish to let a leasehold flat, for example.
Belvoir! Sheffield will advise you on all aspects and can connect you with recommended accountants and solicitors with specific knowledge of buy to let investments .
The cost of letting your property
While your thoughts may be leaning towards how much you can make by letting your property, it is important that you consider and budget for the costs involved, too.
Your costs will cover the monthly mortgage payments, expenses involved in bringing the property up to and maintaining standard, furniture and fixings (if included), insurance fees, solicitors fees, contingency budget and of courses management and lettings fees. Again, your Belvoir! Sheffield specialist advisor can help with all aspects, creating a comprehensive budget.
The vast majority of landlords prefer to hand over the responsibility for finding a tenant to a dedicated and qualified letting such as Belvoir! Sheffield.
This cuts out all of the necessary awkwardness of having to deal directly with viewings and negotiating with potential tenants, there are also many other advantages due to the comprehensive range of landlord services that we provide, all under on roof.
Belvoir! Sheffield is the one stop specialist for Sales and Residential Lettings and Property Management, Investment and Wealth Management Advice, Fit-outs and Renovations, Property Insurances and Mortgages. Belvoir! Sheffield was the winner of the Belvoir Franchise of the Year Award for 2013 and is a multi award winning agency.
For more information, please visit https://www.belvoir.co.uk/sheffield-estate-agents/ or call 0114 331 0033. Alternatively, please email rick@belvoirsheffield.com
For the most uptodate information relevant to landlords, vendors, and buyers of owner occupied and But to let property in Sheffield ensure you follow Belvoir! Sheffield on either Facebook Twitter or visit our website at https://www.belvoir.co.uk/landlord-information or for selling https://www.belvoir.co.uk/property-sales-sheffield-p4147
