Posted on April 18, 2019
Becoming a landlord is not just about getting rental income for a property you don’t live in. It is a commitment where you need to keep a few things in mind even as you gear up to make the most of rental opportunities. Wright Residential provides complete property management solutions in Newcastle. Here’s what you can do to get your home ready to rent out.
Repair & Renovate
The first thing to do when you decide to become a landlord is to check for your home’s condition. In case you have recently inherited or purchased the property, you need to carry out a detailed inspection to identify what repairs or renovations are needed. A well-maintained home is picked up sooner than later.
Furnished or Unfurnished?
You also need to decide if you want to rent out a furnished home or an unfurnished one. As one of the leading estate agents in Newcastle, we can tell you that a furnished home is more likely to get you tenants faster and more importantly, a higher rental income.
When you make the tenancy agreement, it is always recommended that you get it scrutinised by a solicitor. This is important in case of an unlikely event where a tenant decides to play truant and does not vacate the property. Although such situations rarely occur, it is always advisable to be prepared.
It is imperative that you get legal cover and insurance for your rental property. This will save you a lot in terms of costs and time in case of any unfortunate incident that causes damage to your home.
Hire a Reliable Letting Agent
When you are busy at work or away from the home you want to rent out, lettings agents can handle your property for you. Even if you are not present, we will be there to showcase your property to ‘on-call’ prospective tenants.
Not only that, we can apprise you of average rentals in your neighbourhood and find you tenants effortlessly.
Your search for estate agents in Newcastle ends with us. At Wright Residential, we know what it takes to get your property ready for rentals.
We are also with you for handling your property with our complete property management services right from day one. Get in touch with our team for more information.