If you've decided to rent your home, there are a number of handy
hints and tips that can help make the process an easier process. Getting
prospective tenants can be something of a headache, so use some of
these ideas to get your home let in no time at all.
1. Getting ready to let
There are many things that you'll need to take into account when you're preparing to get your home on the letting market. Do you want to let your property furnished or unfurnished? Will you manage the property yourself or would you rather find an agent to take the strain? What are the costs you need to cover with your rental and will you be able to cover it with the kind of rent you'll be able to charge?
Take some time before you start to answer these questions. Once you know how you're going to approach your let, you have a good starting point for getting your property ready for prospective tenants.\
2. The power of the facelift
When you're looking to attract people to take on your home for rental, there are things that you may have become accustomed to overlooking that will be glaringly obvious to any prospective tenants. Many of these things are relatively easily fixed and can make all the difference in terms of the ability to attract the right kind of tenants.
From the outside view of the property, it's time to tidy up and repair any cosmetic issues that might turn people off on first view. Many tenants will drive by before they actually look inside and if they don't like what they see you've lost a potential tenant before you've had the chance. Cut the grass or the hedge, pull the weeds, repair cracks or holes and give the woodwork a lick of paint if it's looking a bit tired.
3. The power of advertising
Knowing the type of tenants you're looking for will have a big impact on how you advertise your property to any potential tenants. Are you looking for a young family or a professional couple? That could make the difference between advertising a three bedroom home or a house with two bedrooms and a study. If you're looking at renting to students or individuals taking on separate rooms, you will need to decide whether you advertise the whole house or take rental for each room individually. Once you're clear, it will make getting the right people much easier.
4. Pitching your price
With a clear understanding of the costs you need to cover in order to break even, you can consider how you decide the cost of rental. While most people take into account the cost of the mortgage and, for fully inclusive lets, the cost of bills but it can be the hidden extras that take you into tricky territory.
When working out how much you can afford to let the property at, make sure you include a premium for any maintenance work needed on an on-going basis, insurance and fees for solicitors and agents to make sure you're not overstretching yourself.
5. Choosing your agent
If you decide to go with an agent rather than managing the let yourself, you'll need to choose someone who deals with the market you're targeting. Many agents specialise in student lets or have contracts with nearby firms bringing overseas workers to jobs in the UK. Picking the right one can speed the process of letting.
6. Getting your tenants
There are a few things that are simple common sense when you get into the letting phase. When you have tenants coming to see the property, make sure it's clean and tidy to give the best possible impression. Be open and honest about any issues with the property that you need to sort out to save ending up with a disgruntled tenant and always make sure that you have a pot of coffee brewing!
Conclusion
Renting your home can involve a lot of hard work, but if you take the right steps you can be sure that you find the right tenant at the right rent.
1. Getting ready to let
There are many things that you'll need to take into account when you're preparing to get your home on the letting market. Do you want to let your property furnished or unfurnished? Will you manage the property yourself or would you rather find an agent to take the strain? What are the costs you need to cover with your rental and will you be able to cover it with the kind of rent you'll be able to charge?
Take some time before you start to answer these questions. Once you know how you're going to approach your let, you have a good starting point for getting your property ready for prospective tenants.\
2. The power of the facelift
When you're looking to attract people to take on your home for rental, there are things that you may have become accustomed to overlooking that will be glaringly obvious to any prospective tenants. Many of these things are relatively easily fixed and can make all the difference in terms of the ability to attract the right kind of tenants.
From the outside view of the property, it's time to tidy up and repair any cosmetic issues that might turn people off on first view. Many tenants will drive by before they actually look inside and if they don't like what they see you've lost a potential tenant before you've had the chance. Cut the grass or the hedge, pull the weeds, repair cracks or holes and give the woodwork a lick of paint if it's looking a bit tired.
3. The power of advertising
Knowing the type of tenants you're looking for will have a big impact on how you advertise your property to any potential tenants. Are you looking for a young family or a professional couple? That could make the difference between advertising a three bedroom home or a house with two bedrooms and a study. If you're looking at renting to students or individuals taking on separate rooms, you will need to decide whether you advertise the whole house or take rental for each room individually. Once you're clear, it will make getting the right people much easier.
4. Pitching your price
With a clear understanding of the costs you need to cover in order to break even, you can consider how you decide the cost of rental. While most people take into account the cost of the mortgage and, for fully inclusive lets, the cost of bills but it can be the hidden extras that take you into tricky territory.
When working out how much you can afford to let the property at, make sure you include a premium for any maintenance work needed on an on-going basis, insurance and fees for solicitors and agents to make sure you're not overstretching yourself.
5. Choosing your agent
If you decide to go with an agent rather than managing the let yourself, you'll need to choose someone who deals with the market you're targeting. Many agents specialise in student lets or have contracts with nearby firms bringing overseas workers to jobs in the UK. Picking the right one can speed the process of letting.
6. Getting your tenants
There are a few things that are simple common sense when you get into the letting phase. When you have tenants coming to see the property, make sure it's clean and tidy to give the best possible impression. Be open and honest about any issues with the property that you need to sort out to save ending up with a disgruntled tenant and always make sure that you have a pot of coffee brewing!
Conclusion
Renting your home can involve a lot of hard work, but if you take the right steps you can be sure that you find the right tenant at the right rent.
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