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Posts Tagged: Letting

The Benefits Of Letting To Professionals

If you are considering entering the buy to let marketplace one of the things that you will need to think about before choosing a property and its location is the type of tenant you would wish to rent your property to. There is a whole range including students, those people on benefits, retired and professional people. Firstly it would be useful to look at what sort of person qualifies as a professional. Well, it could be argued that the likes of doctors, dentists, solicitors, bank managers, accountants and teachers to name but a few all come under this category. The list goes on as it may include business owners, sales people, IT consultants etc. With regard to the benefits of letting to a professional, let us have a look at some of these as they may have some bearing on your decision as to whether this is a sector of the market that you would want to attract. The perception is that a solicitor is going to be respectable and trustworthy and is likely to keep the property and its contents well looked after as opposed to let’s say some students who are more likely to hold parties well into…

Renting Out Your Home

There are a number of reasons why you would consider renting out your home. For instance, you may have been unable to find a buyer for your property and are desperate to move to a larger property to accommodate a growing family. Another reason could be that you would like to move overseas for two or three years but would still like to come back to the same property in the UK after that period. Renting out your home is a big decision and there are a number of factors that you need to consider before committing yourself so let’s have a look at some of them. Find out about property rental You need to do your research to make sure that the property rental market is for you as it is not always “plain sailing”. For instance, you may find yourself in the unfortunate position of having to evict the tenants for some reason. Suitability of property Your home needs to be suitable to rent out. For instance, will it attract tenants and are those tenants the sort of people you would be comfortable letting to? For example, you may own a brand new 2-bedroom apartment that has been…

The Pros And Cons Of Letting To Students

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One of the decisions that you will need to make when deciding the type of property you want to buy to let out and where you would like to buy it, is what sort of tenants you prefer. Yes, it goes without saying that you want a tenant that is no trouble, keeps the property clean and tidy and always pays the rent on time. So, let’s have a look at where the student fits into this equation. Advantages of letting to students Well, there is certainly an ever-increasing supply of students as more and more decide to go to university. Of course, in their first year, many will choose halls of residence and some will continue to live at home with their parents but there are still significant numbers looking for private lettings. Students are very forgiving when it comes to the standard of accommodation. They do not expect nor could they afford to live in a property that is beautifully decorated and fitted out with an expensive kitchen and white goods. Therefore, you can afford to just give it a lick of paint and put in a budget kitchen. The furnishings can be cheap and cheerful being fit…

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