What is the Role of a Property Management Company?
Property maintenance companies are the companies or organisation responsible for looking after a freehold property. This will usually be a block of flats or a house in multiple occupation, where there are lots of tenants living in one place. This creates a slightly complex situation in terms of who owns what – there is a landlord who owns the building itself, and who owns the land that the property sits on. They will not own the individual residences – these are usually owned by individual landlords, but on a leasehold basis. So it is clear that a landlord is responsible for their own property. Who is responsible for maintaining the freehold property?
The landlord who owns the building will ultimately be responsible for all maintenance. However, they will usually pass all responsibility over to a property maintenance company who can deal with all of this for them. This is beneficial for landlords because they can then go on to own multiple blocks of flats, earn income from them, but without having to take care of them. They entrust this to the maintenance company, so that they know their property will be in safe hands and can make them the maximum amount of profit.
The maintenance company will look after anything that may need doing to the building. Here are some scenarios in which the maintenance company will step in and take charge:
- The property has gardens that need looking after. Unless the gardens are private and belong to one specific tenant, the maintenance company will take care of the grounds. They will hire a gardener to look after all the land that the property sits on.
- The property has corridors that are heated. All heating provision will be taken care of by the maintenance company, and they will make sure the boilers are functioning properly and receive regular servicing. If the radiators need bleeding, this should fall to them too.
- The communal windows need cleaning. The maintenance providers should arrange for a window cleaner to come out regularly to maintain the windows and keep them clean.
- Some repair work needs carrying out to the building – perhaps some roof tiles need to be replaced, or there is some bricklaying that needs to be carried out. The maintenance provider should have contractors they work with regularly, who will be able to carry out the work. They should obtain a few different quotes so as to find the best price for the landlord.
- The communal hallways and areas need to be kept clean and tidy. It will be the residents’ responsibility not to leave personal items outside their flats that could obstruct the hallways. However, all cleaning should be carried out by an appointed cleaner.
How is this paid for?
Residents or landlords of flats should pay a service charge for living in the block. This will go towards all of the maintenance that the building requires. If more money is required for something big, then the landlords will be asked to provide more money.
How to Make Sure your Tenants are Happy
As a landlord, finding good tenants is the most important thing you can do. If you find tenants who pay their rent on time, do not quibble about the bills and look after your property with respect, you need to try your best to hold on to these tenants. Make sure they are happy to avoid them choosing to move elsewhere.
The main thing to do is to ensure the property is in really good condition. Make sure everything is in good working order and has been properly maintained. If the tenants report any maintenance issues to you, get them dealt with as quickly as possible. This is especially important if it is something like a broken boiler or a leak, as it could endanger the tenants and cause further damage to the property.
Carry out regular inspections and try to talk to the tenants. This will allow you to fix and issues and to find out how you can keep your tenants happy.
Big Factors that Determine the Cost of your House
There are plenty of deciding factors when it comes to finding out how much your house is worthy. One of the main deciding factors is location. The television show ‘location, location, location’ wasn’t called that for any particular reason.
A one bedroom studio flat in the centre of London could cost the same as a large four bedroom property in the town of Northampton. That’s how significant location can be. The number of rooms is another big factor, but extra bathrooms, larger areas and more variety of rooms will also increase the price.
Another aspect is the garden. It’s not always the first thing people look for but having a large garden essentially means you have the potential to expand the property, and this is a positive factor for prospective buyers. It means that you can grab the interest of developers or renovators and there are always companies on the lookout for properties that poses extension potential.
Selling a Property with a Binding Tenancy Agreement
Today there are many homeowners who rent out their property to tenants but there comes an awkward moment when the homeowners decide to sell up. When you have tenants in your property, you can’t exactly say ‘the house is being sold so you need to leave’. They have signed a contract and their entitled to fulfil that contract.
The only problem is it’s no longer up to the owners when it comes to showing the property to potential buyers. Viewings will need to be organised with tenants first, and if they’re not happy then a viewing will need to be rescheduled. You also have to trust the tenants with the condition of the house, and if it’s not well looked after, potential buyers may be put off.
Some tenants will understand and make the process as easy as it possibly can be, but you owe it to your tenants to treat them with respect. They entitled to stay in the house until their contract is up, and you must work your house viewings around the tenant’s requirements, after all they are renting the property.
What To Think Of Before Building A Glass Room Extension
A closer look at the home improvement scene reveals that more and more people are opting for glass room extensions instead of the usual additions. The rise in popularity can be credited to a number of reasons. First; cost of glass and related accessories has become more affordable. Second; ready-made units are available from the factory. Third; glass always has a unique appeal. Nonetheless, prior to having one made at home or even office, it is necessary to mull over the following factors.
Pre-built or Custom-made
The extensions come as pre-built units or you can design it from scratch. Pre-built extensions are easy to install, save time as well as energy. This makes them well suited for people who need the room within a short time. However, they lack the personal touch or may not match the building perfectly. Building the room from scratch requires more time and effort. Nonetheless, the extensions will match the environment or building. Also, since they have been customised, they will have a personal appeal.
Extensions made of glass serve a wide range of purposes. Some people may use them as additional working space, others may use them as a green house or conservatory, while some will simply relax and enjoy the outdoor feeling. Rooms for growing plants may require clearer glass to allow maximum light. For personal use, tinted or frosty glass may be used. In case children will be using the room, then the design and furniture arrangement should restrict them from playing near the glass.
Usually, people will construct the glass room extension simply for beauty. Considering that it is used as an entry as well as exit point, a person will want the visitors to notice the elegance when visiting. Consequently, the room should not only be elegant but should also enhance the ornamental appeal of the surrounding. There are several ways of making the room standout. These include using a unique design, making the extension the focal point, and also clearing any obstacles.
The glass extension should not only improve the appearance but also the value of the home. It is therefore necessary to research on the most striking design, top quality structure, and also use proper workmanship. Failure to do so may water down the value of the building despite the room costing money. Tips to coming up with a valuable structure include comparing different designs, visiting buildings that have the glass additions, and also interacting with people who already own them.
The functionality and ornamental appeal of extensions made from glass in never in doubt. In fact, compared to other types of extensions, glass still has an upper hand. The main attraction being the feeling of being outdoors yet you are inside the house. The room may be used as a dining area, a conservatory, extended working area, and more. Nevertheless, to make the room fully functional, you may need to install gas fireplaces and also special heaters. Adequate research, due diligence and proper planning is paramount when about to construct a glass room extension.