Checklist for Landlords
If you're considering entering the buy-to-let market, click the headings below for guidelines on finding the right property and getting maximum value from your investment.
Benefit from our experience to help identify the perfect buy-to-let property.
Look for a quiet road with an easy walk to public transport and open spaces, shops and restaurants.
Good natural light will always attract tenants.
- Balanced accommodation
Look for properties with a good layout and well-proportioned rooms. Avoid basement flats without good gardens and high-level flats without a lift.
Built-in cupboards and good storage space are vital. Well-equipped kitchens and first-class bathrooms (with underfloor heating) score highly too. Good heating is essential.
What is the street like? Would the surroundings appeal to your target market? If you have a flat, keeping communal areas tidy and attractive should be a priority.
At D&G, we’re happy to share our informed advice and knowledge.
- Always put yourself in the shoes of potential tenants
By providing an attractive letting property, you’ll be able to attract better tenants and reduce empty periods.
- Leave a little left-over
Avoid the temptation to spend so much on buying your property that you can’t afford to bring out its maximum potential. If you need to make improvements, get them done. As well as letting benefits, they can add to the capital value of your property.
- Look for double rooms
If a flat has two bedrooms, the second should be a double. A reasonably large single bedroom could still fit stacker beds or a 4' 6" bed. If you have only one bedroom, consider a sofabed in the sitting room
- Minimise all your property’s negative features
A badly shaped room will need all the design help it can get. A dark room should be lit in the best possible way – large mirrors can be a great help.
- Supply attractive extras
Properties with a garden or terrace, working fire, power showers, built-in music system and sophisticated lighting are always more appealing.
- Keep the property in first-class order
Redecorate and improve on a regular basis and between tenancies if necessary. Tired decoration and worn appliances won’t just reduce monthly rental, they also reduce appeal which leads to longer periods between lettings.