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Preparing your property for the rental market

30/06/2022 Landlords Tips & Advice Industry Updates
Preparing your property for the rental market

Putting your property on the rental market can be daunting. There are a myriad of things to consider beforehand to ensure you are prepared and know what to expect.

Whether you are only just delving into the realm of renting or have rented several times it's always good to keep a checklist of things to do and prepare for before putting your property on the rental market. This ensures that you can quickly source appropriate tenants for your property as well as ensure the process goes smoothly and the tenants are happy with their purchase. 


Cleaning

Whether it's a newly refurbished property or one that has had several occupants you want to give the property a deep, thorough clean beforehand - not just a once over! Bathrooms and kitchens are key areas that tend to require more extensive cleaning but you also want to be making sure the whole house is free of stains, dirt and dust prior to putting your property on the market. It’s often a good idea to get a reputable company in to ensure it's as clean as possible as any tenant that moves in is agreeing to keep the property in the same condition as when they moved in.


Repairs

Alongside cleaning, you want to make sure the house is structurally sound and doesn't have any niggly repairs that need to be done. This includes getting rid of damp areas, replacing any appliances and fixing any broken furnishings, windows and doors. Plumbing needs to be checked too so that all water supplies are working properly and bathrooms are safe for use. Don’t forget about outside your property either! Things like gutters, roofing, driveways and outdoor taps are often at the bottom of the list for many landlords but are the first thing tenants will see on arrival. 


Furnishings and Decor

Think about your property's current decor and how this comes across to a tenant. It is often good to go for a neutral colour palette so any potential renters can get a better taste for the property and arent put off by bold, garish colours. You also want your property to stand the test of time so try using durable paints and darker coloured carpets if possible. 


You’ll also need to decide whether you want to put it on the market furnished or unfurnished. This can depend on the tenants you are trying to appeal to, for example, students will generally want to move into furnished accommodation. Remember if you do go furnished all furniture needs the appropriate fire safety regulations label. Following some research, it can often come down to cost to gauge whether it will influence your rental price.


Legalities and Paperwork

There are a lot of legalities and paperwork that need filling out prior to putting your property on the rental market which can be a bit of a minefield. One of the most important is getting the property EPC rating. Not only does the property require the certificate but the tenants also require a copy too! Whilst the certificates last for 10 years it's important to keep up to date and renew if needed as well as have extra copies ready for tenants. Electrical items need to meet electrical equipment safety regulations and have an up-to-date gas safety certificate alongside carbon monoxide and smoke alarms that have been tested. 


You'll also need to inform your mortgage and insurance company that you'll be letting it out as your insurance policy needs to change to a landlord property insurance. It is integral to have the correct insurance in place to protect your contents and avoid costly repairs.


C&M Property Management can take the stress out of the paperwork and legal requirements of renting a property and are always helping landlords through the process which you can find out more about here. 


Prepare for the Tenant

Finally, you'll need to prepare for a tenant! This will include getting spare keys cut in advance and making sure the tenants know who to contact in the event of an emergency or issue. It’s a good idea to get a handbook of information together that includes instructions on how to operate appliances and heating systems as well as council information such as bin collection.


If you are looking to get your property on the rental market and aren't sure where to start we can ease that burden and also back you up with over 32 years of experience. Please contact us to find out more. 

 

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