Top money-saving tips for Landlords preparing a property to let

Top money-saving tips for Landlords preparing a property to let

Preparing a property in an effective way prior to making it available to rent can help landlords to secure a quality tenant and a great rental return.

Allison Thompson, lettings director at Leaders, says: “Presenting a home to rent in an appealing way, with quality fixtures and fittings, is a must for attracting good tenants and getting the best possible rent.

But it can be expensive and time-consuming so landlords need to find the right balance between short-term costs and long-term gains. Over the years Leaders has guided thousands of landlords in preparing their properties for letting in a way that will help them to secure and keep good tenants and maximise their returns while saving time and money in the long run.”

Allison has revealed her top tips designed to help landlords with this important part of the letting process:


Décor:

Stick to neutral colours throughout to ensure your property appeals to all types of tenants. Opt for high-quality paints as the colour will last longer and you will need to redecorate less frequently. Fit doorstops on every door to protect walls from being damaged by door handles.

Flooring:

Fit the same carpet or wood flooring throughout as much of the property as possible as you should receive a discount for buying in bulk. Put large remnants aside to be used for patching up damaged areas to avoid the expense of new flooring. Use a stain resistant carpet and good quality underlay so it lasts longer.

Kitchen:

A modern kitchen will attract tenants and a better rent. If you are fitting worktops it pays to fit it in sections so that if it gets damaged you can replace just one section rather than the whole worktop. Choose standard size and shape tiles only in readily available colours as they cost less and can be easily replaced if damaged. Kit out the kitchen with catering-quality crockery, as these items are less likely to chip or crack and can be replaced on an item-by-item basis should any be broken.

Bathroom:

Choose a power shower over an electric one as they tend to scale up less, are more reliable and typically do not need to be replaced as frequently so will save you money in the long run. Your tenants will appreciate a good shower too.

Bedrooms:

Built-in wardrobes in bedrooms add value and, with a fresh lick of paint, can be made to look as good as new at any time. It can also save you having to buy and replace standalone wardrobes in furnished properties.

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Latest Comments

MBM Homelets
MBM Homelets 23 Mar 2017

Although this is a very positive step, there is little or no guarantee of the standard of workmanship employed by the tenants. We have had experience of a professionally decorated property being ' painted'...

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ajay
ajay 21 Mar 2017

How is the "robust evidence" looking now?

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NathanG
NathanG 20 Mar 2017

I've been watching the series so far and am completely baffled by the cases that were presented. Though, I don't think that we can protect ourselves from every scam possible - it will just make the scammers...

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Landlady14
Landlady14 01 Mar 2017

You would think so Niraj Shah! My experience only proves that there are varying qualitiers of professional in all aspects of property letting. None of the ones I have dealt with, from letting agents to...

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Mark
Mark 01 Mar 2017

Thanks for this article. Hopefully one day everybody's lifestyle will be eco-sustainable.

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Ben Taylor
Ben Taylor 28 Feb 2017

I was convinced that London was the most expensive!

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Alan Read
Alan Read 28 Feb 2017

Australia are leading the way in this I think. The trouble with Britain is we don't get enough sun to make use of solar power.

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James Powell
James Powell 27 Feb 2017

This is a very good news.

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DanHumphreys
DanHumphreys 27 Feb 2017

It sounds like a good idea. Anything to help the younger generation get a foothold.

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Matt
Matt 20 Feb 2017

Is this fake news?

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Matthew Hollywood
Matthew Hollywood 07 Feb 2017

Matthew Hollywood - Director Mishon Mackay Land & New Homes - Brighton The shortage of New Homes is in part effected by the lack of land sales. Land sales are held back because there is a disparity between...

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CommercialTrust
CommercialTrust 30 Jan 2017

Hi Graham, Would be interesting to see the above figure calculated against an investment via a Lt Company /SPV structure and if the investor found themselves pushed in to the higher tax bracket. Mortgage...

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