Location, location, location
In recent years, Buy to Let has become a booming business. If you have the means available to you, property is one of the safest investments. As with any business venture, Landlords are advised to carry out in depth research prior to taking the plunge. Location should be a key consideration when choosing your property. It is vital that you have a good understanding of the market in your chosen area and always remember the property that you invest in is a business and not your home. It is important to consider local employment and school catchment areas as well as what type of Tenant you are hoping to attract.
Dress to impress
An empty property is of no benefit to a Landlord and appearances really do count. The moment a Tenant steps into the property they will have an idea of whether they can see themselves living there. A touch of paint to the front door, a fresh neutral colour scheme throughout offers a versatile backdrop for any prospective Landlord to consider how their belongings might look in situ. Neutral flooring and carpet is an appealing feature to a – it is worth selecting a carpet that is easily cleaned and cost-effectively replaced – accidents do sometimes happen. If lightbulbs have lost their glow, replace them. All these things demonstrate that this Landlord cares, and is likely to appeal to a Tenant who wants to make your property a cosy home.
Despite all the regular maintenance you might be doing on your property, certain repairs are always required unexpectedly. You will need to be prepared to deal with these financially. To be a successful Landlord you need to be diligent whilst handling the maintenance requests of your Tenants. This ensures the upkeep of your property and helps maintain a good Tenant /Landlord relationship. If maintenance isn’t ‘your thing’, tick the ‘managed’ service option and we will take the strain. We will deal with all maintenance issues and emergency call-outs and instruct reputable contractors on your behalf.
Choosing an agent
Contrary to the myth, all letting agents are not the same. Some are really good at what they do. The sign of a good agent is one who has both the Tenants and Landlord’s best interests at heart. At Domvs our personalized approach enables us to provide a bespoke service (from sourcing great properties, refurbishing if necessary, matching you and your property to the right Tenant) which enables Landlords to have total confidence and peace of mind when they choose to work with us.
Finally, understand the service you are getting and choose what works for you. Ask yourself: do I really want to manage the maintenance of my property myself? Statistics show that being a Landlord can take up to 15% of your time?
Our aim is to maximise your income, lower your risk and provide you with the time and peace of mind you deserve.