Jul 7, 2010
Letting Agents Provide Advice On How Best To Avoid Void Periods
Belvoir Estate agents in Sheffield have come up with some simple steps which landlords should follow if they want to minimise the chances of prolonged void periods.
Rick Flay, representative of the agency, said, ‘the cutthroat market conditions we are now experiencing mean that open channels of communication between agents and tenants is becoming even more important as landlords aim to avoid the dreaded void period’.
The first step that landlords should take to ensure that any prospective tenants are not deterred is to paint the property using a natural colour scheme.
‘It is always best to play it safe to avoid putting off any potential tenants, plus using a neutral palette will make the rooms look bigger whilst drawing in more light’, Mr Flay commented.
Increasing numbers of people are also looking for rental accommodation complete with modern kitchens and bathrooms. Those landlords who don’t have large amounts of money to spend on home improvement projects are reminded that cupboard doors can be replaced cheaply. Tiles are another relatively inexpensive add on, which can transform the look of any bathroom.
Buy to let property owners are also advised that first impressions are particularly important when attempting to lure new tenants. Taking a few hours to do some simple chores, such as removing the rubbish and weeding the garden, is a very good idea.
Landlords are encouraged not to price their rentals too highly. They should check what the costs are for similar types of accommodation in their local area. Most landlords would agree that it is far better to obtain a slightly lesser rental yield than to have properties which are left unoccupied for any length of time. Those buy to let investors who are worried about this issue are strongly advised to invest in Unoccupied Property Insurance.
Many potential tenants will be more willing to part with their cash for a property which has double glazing. They realise that this feature will provide them with much needed warmth during the long Winter months and will also mean less expensive utility bills. Double glazed windows also provide a home with an added sense of security, which can be especially important in some areas.
Cover for landlords is crucial in today’s age of economic uncertainty so that’s why Just Landlords focuses on the needs of those in need of buy to let insurance. With the right cover, any property can be an investment made secure. Finding the options is one simple step that can reduce a huge amount of stress.