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Blog: First-time Landlord?  What to look for in an ideal investment property

First-time Landlord?  What to look for in an ideal investment property

First-time-Landlord-smIn the current market with rents increasing and a huge demand for properties, now is a good time for people to become landlords. Either by renting a property out or investing in a buy to let, it can be quite daunting if you are a first-time landlord.  When looking to rent a property out or buying an investment property, there are few things to think about. 

You need to ask yourself who would want to live in the property. If it is a 2/3 bedroom house, it would most likely be a family. If it is a one bedroom apartment near a town centre, it may be suitable for a professional couple that need to commute for work.

Is the area good for rental demand? Things to consider could be is it a popular neighbourhood and are there good transport links, such as motorways or trainlines 

The type of property could impact the demand. A family may wish to apply for a property with a garden space, compared to a single applicant who may prioritise an apartment closer to a town centre. Parking is high up on tenants’ requests now. If a property has a parking space, it becomes more rentable.  

You will need to keep in mind the condition of the property. If the property requires a level of refurbishment, or maybe just a repaint and new carpets. To achieve a market rent, the bathroom and kitchen need to be in a good condition along with neutral décor. 

By Holly Chappell, Lettings Manager

Call Holly on 01474 369368 for more help and advice on maximising the potential of your rental property.  

Date posted: 29/04/2022 08:52:14

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