How to Choose a Buy to Let Property
A buy to let property is a great investment for lots of people. If you can afford to buy a flat or a house to rent, you will want to make sure you can make the most income from it you possibly can. Here are some things to think about when choosing your property:
- Capacity. If you buy a house of multiple occupancy, such as a student house, you can make more money from it.
- Type of property. Flats will usually be sold on a leasehold basis, so you won’t be the freeholder. Make sure you understand the terms of the lease fully.
- Service charges. If you buy a flat, there will be service charges that you pay to the management company. These will cover the maintenance of the building.
- Fire safety. Make sure you choose a building that is well looked after so you won’t have to put in too many fire alarms or fire doors.
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.
What are Building Service Charges?
Service charges are usually paid by the leaseholder of a flat. They are payments that are made to the freeholder, or the person who owns the building. This money could go directly to the freeholder, or it may go to the property agent that is used by the freeholder. If the building has a residents’ association who also own the land and building, service charges will go to them.
The service charges paid by flat owners (or indeed house owners, if the plot of land is leasehold) are used to maintain the building and carry out any repairs. These could include window cleaning, gardening, cleaning of corridors, maintenance of building entry systems etc. It will also include the day to day running costs of the building, such as central heating.
Service charges will usually be enough to cover repairs and maintenance, though sometimes a bigger job like a roof replacement may cost more.
Commercial Cleaning for a Healthy Building
Commercial buildings cannot be tackled by an inexperienced or untrained cleaner. Commercial buildings require a special level of cleaning that cannot be replicated by anyone other than a professional. Cleaners who work in commercial environment will have had special training and they will have a good degree of experience. They will also have the right insurance to work in these kinds of environments, a factor that cannot be ignored.
For commercial buildings, it is worth hiring a cleaning agency who can then send qualified and experienced people out to your property. They will be able to work around you, making it easier for you to stick to a cleaning schedule that works for you and your staff. Professional cleaning agencies offer very good value for money and you will get a thorough service when you choose to work with them They will use professional grade products, including cleaning agents and floor cleaners, making them much more effective.
How to hire a buildings contractor in Banbury
One of the important things which create a good environment to work and stay is the quality of electrical equipment used in a building. When a building is being constructed, there are several things which need to be kept in mind and one of them is electrical connections. To install switches, fans, power points and other equipment, you need to hire a professional Banbury contractors for your home. In the case of buildings for industrial use where the scale of work would be higher and more complicated, industrial electrical contractors Banbury will know what to do. Contractors are professionals who will make sure that everything electrical is in place and that there are no problems like loose wiring. Read More