Let it be

Life hacks

54 Let it be

The lettings market is still extremely buoyant with rental values at all-time highs, and demand for properties showing no signs of slowing down. Colchester Lettings Manager Brian Purvis gives his top tips for landlords starting out, or considering a new investment.

I am often approached by landlords who are looking to extend their rental portfolio or, following the end of a tenancy, wish to revamp their property ready for the next occupants. This is a part of the job I really enjoy as it gives us the chance to demonstrate the benefi t to our landlords of using an agent. Our advice extends to advising on where to purchase a property or the best way to maximise return on investment relative to the location. The lettings market changes quickly. Rental values (especially lately) have risen noticeably and so many landlords may be unaware of the revised rental value of their property. As Letting Agents, we are best placed to advise on rental rates and what tenants are looking for.

Here are my main tips for successfully letting your property:

Keep it clean The best advice I can give is for landlords to provide a clean, uncluttered property and this advice has remained the same throughout

TO LET

all my years in the industry. A tidy property will let quickly, and the level of cleanliness will set the standard for the rest of the tenancy. A thorough deep clean of a property before the commencement of the tenancy is always a wise move whether the property has been completely refurbished or simply redecorated.

Finish the job All homes will have elements of wear and tear over time and so it is vital at the start of a tenancy to complete any outstanding DIY tasks. These can be as simple as replacing drawer handles or taking the opportunity of the break between tenancies to carry out redecoration works. Landlords should ‘take a step back’ and objectively review their property to compile a list of remedial items to be completed before letting.

Life hacks

Stay neutral If redecorating or revamping a property, it is vital to choose neutral colours. This will broaden the appeal of the property and help to maintain its value. If carpeted fl ooring is desired, I would always advise to opt for hard wearing (preferably darker) carpets which will minimise the risk of staining.

Maintain a distance Remembering that this is your property investment is vital. Landlords can be tempted to ‘over-personalise’ on decorative features or even to overspend on the property when refurbishing it ready for letting. There is a standard to be maintained but also a balance to be struck between spending and returns on what is a property you will ultimately not be living in yourself.

Just ask As letting agents we are always willing to help – indeed, it is very rewarding to assist a landlord through the process of purchasing a property all the way through to seeing the fi rst tenant move in. Contact us early and let us help to guide you through the process, taking the benefi t of our experience – just ask!

For further information, contact Brian on 01206 771213 or brian.purvis@boydens.co.uk