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

Spencer Fortag
Spencer Fortag 30 Nov 2016

I am glad that someone listened to me!

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Tony Gimple
Tony Gimple 27 Nov 2016

It's not just the lack of estate agency advice that's costing landlords money; most are getting seriously bad advice from their accountants resulting in tax bills far higher than they need to be. Likewise,...

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Sally Walmsley
Sally Walmsley 18 Nov 2016

The RLA stands by its sell-off statistics. While we welcome the feedback from Mr Jagota and are delighted to hear how well things are going for landlords in the north east, we would like to make it clear...

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Sheryl87
Sheryl87 18 Nov 2016

The high employment levels and the vibrant economy has led to ever-increasing demand for rental properties, especially from professionals relocations from other cities. This has led to more experts teaming...

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Sheryl87
Sheryl87 18 Nov 2016

Renting out your house can be risky business. It's good to think about residential landlords insurance. Standard cover includes buildings cover and cover for loss of rent following damage to a property...

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AmberMorris
AmberMorris 09 Nov 2016

Fear of ghosts, really?? Ok, I get the fear of bats in the attic and mice and rats running under your nose - those are easy to deal with pest issues which are really unpleasant and can turn you off. But...

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AmberMorris
AmberMorris 08 Nov 2016

In my experience, It has always been a matter of discussion between the landlord and the tenant. There are cases when it's clear who's responsible for the pest control costs. I see a lot of people in forums...

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warren
warren 08 Nov 2016

There you go buddy :)

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Agent_PeeBee
Agent_PeeBee 07 Nov 2016

Any reason why my comment to this 'article' has not been published?

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Sean Lees
Sean Lees 04 Nov 2016

I don't think anyone can say dogs or cats are better or worse; depends on the animal, its age, how long it's left inside, etc. How bad the mess is depends somewhat on whether you are renting furniture...

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daniel black
daniel black 25 Oct 2016

I've been keeping a close eye on what the effect of Brexit has been on the rental market and it's a very mixed bag. Whilst the majority of the news focuses on London's market. I think this time next year...

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Northerner
Northerner 20 Oct 2016

Any views from outside the M25? No wonder politicians can't get the housing big picture when everyone seems to think that London is the yard stick, when it absolutely is not.

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