Getting an Accurate Valuation on a Property

When you are considering selling a property, be it commercial or residential, you will need to begin by getting yourself an accurate valuation for it. This is easier said than done; you might be able to look up approximate values for properties in your area, but you might also not be able to find anything which is all that accurate. Property prices can change dramatically, even just within a few years, so you shouldn’t rely too much on anything you find.

Engage an estate agent to come and give you a valuation by looking at your property in the flesh. They will be able to tell you what they could sell the property for, so you can have an idea of what to expect if you put it on the market. It is usually advisable to speak to more than one estate agent, who can give you their own opinions so you can see what different agents are willing to go to.

Finding a New Block Management Company for 2019

If you own a block of flats, you might well have appointed block managers to help you with the management and maintenance of your block. They will take care of anything that might need to be repaired or updated, making sure everyone who owns or rents a property within the block is happy with its upkeep.

If you are not 100% happy with your block management company, now is a good time to choose to engage a new one. All good block managers will get three quotes from tradespeople before choosing who will carry out work, so you are well within your rights to do the same with the company you use. Speak to some different local block management companies to see what they can offer you, and if their service sounds any better than your current provider. You may then choose to engage them on a short-term contract at first, to check you are happy with the service provided.

Finding Good Tenants for your Property

As a landlord, one of your biggest challenges is inevitably going to be finding the right people to live in your property. It isn’t as easy as it sounds – tenants may not respect your property, or they might not pay their rent on time. If you do find yourself in a situation where your tenants aren’t paying and they refuse to do so, you may have to take them to court, so finding good tenants is always advisable.

It’s easier said than done, though. Make sure you help yourself by carrying out all relevant checks to make sure they can afford the property, and if they have a guarantor in place, that will be helpful as well. It is really important you carry out regular inspections to make sure they are looking after your property and encourage them to tell you if anything is wrong. If there is, get it fixed straight away. Good tenants often come naturally when you are a good landlord.

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 occupations, 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? Read More

Marketing a Property – What to do

Marketing a property to sell or to rent needs to cover some important points for the buyer or potential tenant. If you are looking at marketing a property, either to sell or rent privately or as part of an estate agency, here are some points that you should take note of:

  • Write and speak persuasively. Make sure people know the benefits of the property. Have some facts and figures in mind, such as where the local schools are and how close the property is to bars and restaurants.
  • Make sure it is up to scratch. Monitor the property to make sure you don’t notice any problems with damp or with insulation. This will put people off immediately.
  • Give it a lick of paint. People will fall in love with a property and go with their heart when they can imagine themselves living in it. Let them see a blank canvass – use white or cream paint.