How To Prepare The Property For Letting
In the competitive property rentals
market, there is no room for the ‘amateur’ landlord. The standards demanded by
tenants are high and an additional budget for preparing the property must be
available.
Anyone considering buying to let should allow sufficient funds
to decorate and furnish (if applicable) the property to a good
standard:
- Above all the property must be clean, newly decorated, light,
bright and fresh.
- Redecorate in neutral shades with good quality carpets
and curtains in co-ordinating colours. All carpets and curtains should be new,
or if not, professionally cleaned. Most tenants prefer wooden
floors.
- Unfurnished properties should include fixtures and fittings such as
curtains and kitchen appliances.
- Try to imagine the kind of tenant who will
be living in the property, and be guided by the letting agent. The requirements
of a single city highflyer will differ from those of a family with young
children.
- Stay away from dramatic decor - even in rented property most
people like to extend their own personality to their surroundings. Prepare the
property like a primed canvas ready to take individuals’ finishing touches but
with enough character to give the property a homely feel.
- Equip the kitchen
with the necessary appliances - washing machine, separate dryer (imperative for
larger properties), oven and hob, fridge/freezer, dishwasher, microwave, and if
they are not new, make sure they are spotlessly clean and in perfect working
order.
- Bathrooms must be modern and a proper ‘power shower’ should be
installed. Bathroom floors should be tiled.
- The property must have modern
amenities, furniture should be new, or if not, should be of good quality and
condition. Upholstered furniture should be professionally cleaned and must
comply with the Fire and Furniture Regulations 1993.
- All gas appliances
must be checked by a CORGI registered plumber and a Landlords Gas Safety
Certificate must be obtained. Electrical appliances also need to comply with
safety regulations and wiring must be in good order.
- In one-bedroom flats,
provide a sofa-bed in the living room for guests.
- At the top end of the
market, corporate tenants will need the resources to entertain formally - the
kitchen and dining and reception rooms should all be equipped and decorated
accordingly.
- Provide good quality crockery, cutlery, pots and pans. For the
average one or two bedroom flat, six place settings should be provided, plus a
selection of wine glasses and tumblers. Provide eight place settings for a three
bedroom property.
- The crockery should be easily replaceable but in keeping
with the standard of the accommodation. The kitchen must be properly equipped
with standard cooking utensils: a selection of saucepans, a large frying pan,
casserole dishes and one or two serving bowls or large dishes. Also provide an
ironing board, iron, toaster, kettle and a vacuum cleaner.