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1. Find a property

If you don't already own a property to rent, then it's time to start looking. The key question is: What is the best investment? With Dinsdales Estates expertise in sales as well as lettings we are in a great position to advise you.

 

2.What help do I need?

The lettings market moves quickly. An agent probably has more time and expertise than you to handle the rental. Decide what level of service you need.

I want my agent to:

Find me a tenant?

Collect the rent?

Maintain the property?

Deal with the tenant?

 

3. What rent should I charge?

 Lettings agents can advise the rent you should charge and the potential yield you could earn from the rental. There may be a number of fees to consider too, and all agents will charge differently. The most important question to ask yourself is this: which agent will deliver the best results?

 

 

Being a landlord demands a high level of commitment, not only to reduce void periods and keep your property marketable but also to maintain its safety and habitability for tenants. One issue that commonly arises between landlords and their tenants is which party is responsible for maintenance issues such as plumbing. With that in mind, here's a detailed run-through of the facts so you know which plumbing issues you are legally responsible for.

Here's a Closer Look at What's Involved in Valuing your Property:

  • Start by doing some research into properties recently sold in your area to get an idea of how much you could expect to achieve. 
  • Before inviting an agent to value your property, make sure you are aware that there have been market changes. 
  • Remember, you can invite more than one agent to value your home. 
  • A property valuation takes a lot into consideration, including market conditions, knowledge of the local area and recent sales, as well as an evaluation of your property. 
  • Don't be tempted to choose an agency based solely on the highest valuation. An agent may suggest a higher price to win your business, for example. 
  • An overpriced property is likely to deter buyers. House-hunters might not arrange a viewing if it seems like they're paying more than they should. 
  • If your property is initially over-priced, it could be on the market for a long time and you may have to eventually reduce the price. 
  • If you receive an offer, your buyer's lender will want to ensure the property is accurately priced before agreeing to a mortgage. 
  • If the sale falls through due to inaccurate pricing, you have lost time and potentially money.
  • Look for a realistic valuation which is achievable.
  • The agent will be objective when it comes to appraising your property, so try not to be too emotionally involved. The valuation should be based upon the property and not on the financial investments you have made over the years.

 

As an Estate Agents we believe that having a physical free valuation is more accurate and realistic and it also means we can talk the value through with you. Unlike online valuations we can see the improvements that will have been made over the years. 

To get a free valuation contact us on 01274 498855 or request a valuation on our website: https://www.dinsdalesestates.co.uk/valuation

Briefly discussing the housing market in his third Budget as chancellor, Phillip Hammond announced that he will extend the cancellation of stamp duty for first-time homebuyers on properties up to £300,000 to first-time buyers of shared ownership properties valued up to £500,000.  He also stated that the measure would be retrospective, so that any first-time buyer who has bought a home since the last Budget will benefit.

According to lain McKenzie, CEO of the Guild of Property Professionals, removing Stamp Duty on all shared equity purchases up to £500,000 is great news for prospective homebuyers getting into the market for the first time, but will do little for those who currently own property and wish to trade up.  "Since the abolishment of the stamp duty for first-time buyers, many more people have been able to get their foot on the first ring of the property ladder.  In fact, as Hammond announced, the number of first-time buyers purchasing property is at an 11-year high.  However, it seems that the last two first-time buyer incentives have been designed to drive the focus away from the traditional second-hand market.  Initially Help to Buy and now the incentive to buy shared equity property", he says. 

Landlords- Your electrical safety obligations

Electrical Safety First has found that landlords are exposing themselves to significant financial risks, from fines and invalidated insurance, through not acting on their electrical safety obligations.

Landlords are also putting millions of UK private tenants at risk of serious accident or fire.  We have clarified your obligations for electrical safety in rental properties and provide a range of resources to help you keep your tenants safe.

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