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Estate agent

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As property prices increase, the number of people looking to rent is on the rise. This is great news for anyone wanting to let out their home as there are plenty of families, students and professionals searching for somewhere to live. Of course, this means the rental market is highly competitive, but there are things you can do to make your property more appealing.

Here are four tips for renting out your home:

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Focus on the exterior of your home

The front of your house is the first thing that tenants will see, so it’s essential that everything’s up to scratch – after all, you need to make a good impression as soon as they see your abode. A lick of paint here and a touch of gloss there will not only make your home more appealing but it could allow you to increase your rental price, earning you more money. Many estate agents will come and inspect your property before putting it on their books, so it’s well-worth mowing the lawn, getting the windows thoroughly cleaned and keeping all rubbish out of sight! Which leads neatly on to…

 

Make the most of storage units

There are three main types of property: furnished, unfurnished or part-furnished. If you decide to rent your home without furniture, you’ll need to find a new home for it and that’s where self storage units from companies like Ready Steady Store can come in handy. They provide a safe and secure environment for all your belongings and are the perfect way to keep your goods in tip-top condition without selling them, giving you the option of re-furnishing your home in the future. Boxing and packing materials will even be delivered to your door making the whole process quick, simple and hassle-free.

Don’t neglect the interior of your home

Once the exterior is looking fantastic, it’s time to focus on the interior of your property. Tenants have the right to live in a well-maintained property, so it’s a good idea to carry out a thorough clean before anyone moves in. Dusting, hoovering, mopping and other household chores can go a long way but you might also consider having carpets, curtains, sofas and other soft furnishings professionally cleaned. What’s more, people tend to notice odours as soon as they walk through the door, so try not to smoke before a viewing and get rid of pet smells with air fresheners. Bad whiffs can put people off.

 

Decide who will manage the property

Do you want to manage the property yourself or would you prefer to find a good estate agent that will do most of the work for you? This article from the Telegraph includes some useful pointers. Sure, you could save money by organizing the letting details single handedly, however, specialized letting companies will ensure you don’t miss anything out and stay within the law. They usually take up to ten percent of the monthly rent for their services, but could save you a lot of time and hassle. One thing to note, however, is that agents aren’t regulated, but the better ones tend to belong to the National Approved Lettings Scheme (NALS) or the Association of Residential Letting Agents (ARLA).

 

Renting can be a great way to earn money, but it’s important to do things properly by following these handy tips.

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In 2014, there is a very strong likelihood that the value of the UK real estate market will increase nearly 8%. There were surprise gains in 2013 that took place in all parts of the country, causing the estate agents and banks to estimate that this boom in the UK property market will continue throughout 2014. This seems to be the consensus view among economists and property professionals. There has been a round up of a survey that was conducted by more than seven banks, estate agents, and surveyors that shows that there will be a further growth in the UK property market and this is through the widespread forecast on the property markets.

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Gains will be particularly strong in the South East and in London, partially due to the initiatives of the government in encouraging banks to lend more money for remortgage deals and mortgages, and for consumers to buy more property, in a program known as Help To Buy. This has greatly restored some degree of confidence to the property markets in the UK which has been lacking for the past few years, hence leading to increase in demand. Even though the government of the UK has tried to remove some economic stimulus and has brought about some minor changes in how the mortgage markets are regulated, the property market is nevertheless expected to rise in 2014 as demand for real estate booms.

The expected results of this increase in the property markets in 2014



Due to the public belief that the growth in consumer confidence in the economy in late 2013 is likely to gain momentum in the 2014, people are becoming more willing to buy real estate, driving the price up. Property professionals are expecting a high likelihood that there will be a large increase in the buying and selling of houses, and more than one million homes will be bought and sold. Due to the increase in the transaction levels there is a high expectation that the growth in the real estate market will be around 8 per cent, but may be in the double digits. All this is caused by factors such as:

  • Better economic conditions
  • Improved confidence
  • Increased availability of mortgages

In the UK, the biggest winners in the property market boom will most likely be the sellers of high tech homes, the wrecks, and eco-homes. The UK property market has also split into two regions of particularly strong growth: London and South East. London is the biggest hotspot in the increase in the property market, growing at over 10 per cent last year. This is expected to continue throughout 2014. Due to the continuing boom in the UK property market in 2014, now is the best time for investors to invest more in real estate, and diversify their holdings.

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