A successful rental investment comprises of three main factors: long term capital growth, achieving a maximum rental yield and avoiding any periods of non-occupation. Long term growth is determined by economic factors beyond the control of Letting Agents and Landlords. Crossmeads can, however, maximise the rental figure achieved and can increase the desirability of your property, thus reducing void periods, by ensuring that the property is presented in the best possible way.
It is important that the property looks inviting to prospective Tenants. We strongly recommend that properties are professionally cleaned before the commencement of the tenancy. It is a condition of the tenancy agreement that the property is left in the same condition at the end of the tenancy as it was at the commencement.
Any maintenance issues should be addressed. We generally recommend a choice of neutral colours. Crossmeads have a number of approved contractors who can provide quotes, free of charge, for cleaning, decorating and general repairs
The property can be let either furnished or unfurnished. In either case it should have curtains, carpets, light shades and a cooker and all items must comply with regulations.
The investment you put into the property will pay dividends. It will ensure not only that the best rental figure is achieved but will also reduce marketing time enabling a tenant to be found at the earliest opportunity, thus reducing any potential void periods.
This is the first view your potential tenants will have of your property, so you should focus on optimising its appearance or 'curb appeal'.
- Tidy up the front and back garden - this includes removing weeds, trimming hedges, adding some new plants if necessary, clearing any dead or unsightly plants and mowing the lawn;
- Repair cracks, holes or blemishes in the driveway or walls;
- Give the window frames and door a lick of paint if required;
- Make sure the house number is clearly visible; and
- Keep rubbish and rubbish bins out of sight.
- Create more space by moving some furniture into storage, tidy away or remove unnecessary objects, books and knick-knacks, clear out cupboards and wardrobes of non-essential items;
- Make minor repairs - fix leaky taps and cracks in the walls, replace broken or crooked tiles, replace burnt-out light bulbs and make sure everything works;
- Clean thoroughly from top to bottom, including carpets, floors, windows, fixtures and fittings;
- Eradicate unpleasant odours, like pet smells and cigarette smoke;
- Decorate rooms if required, a lick of paint can re-energise the appearance of a room immediately;
- Ensure your property is clean, tidy, presentable and free from damage such as damp; and
- Ensure your property is free from serious disrepair and structurally sound. If your property is suffering from conditions such as subsidence ensure these are resolved at the earliest opportunity.
Unfurnished properties are by far the most popular for rental purposes. This is generally an empty property that includes carpets, curtains, fixtures and fittings. White goods may be left especially if you have any built in. The rental figure achieved for unfurnished properties is very often the same as letting a furnished property.
A property that is ready for occupation with all furniture, beds, linen and kitchen utensils. All furniture fabrics and upholstery must comply with fire regulations. Most furniture manufactured after 2nd March 1990 and purchased from a reputable supplier should comply with current fire/safety regulations. Below is a list of the items that are covered under the Fire Regulations 1988. These items need to have a recognised fire label that is visible:
Items to check
- Sofa Beds;
- Nursery Furniture;
- Garden Furniture, where padded;
- Scatter cushions or seat pads;
- Pillows; and
- Loose and stretch covers for furniture.
Items that are exempt:
- Loose covers for mattresses;
- Sleeping Bags; and
- Furniture made before 1950.