Are you a Landlord or Tenant?

Posted: February 6, 2017



Rental prices

What sets David Burr Lettings apart from other agents?

We offer a bespoke service, built around the needs of the individual Landlord. From Let Only through to Fully Managed we aim to secure not the first but the right tenant for your property. Each property is unique and requires a different approach and type of Tenant to ensure it is let swiftly. The combined knowledge of our team delivers a first class service ensuring the interests of our Landlords are being consistently and reliably looked after.

What tips would you give a Landlord when looking for a buy to let?

If you are new to buy to let, what do you know about the market? Do you understand the risks as well as the benefits?

Choose a promising area, promising does not mean most expensive or cheapest but a place where people like to live and this can be for a variety of reasons. Consider your target market, young professionals, families, retired couples for example and bear this in mind when choosing your property. If you are in commuter belt where has good transport links? For young families where are the best schools located? The position of your property will determine your target market and in turn the amount of rent received.

Do the maths. Sit down with a pen and paper and consider the price of properties and the amount of rent you are likely to achieve. Don’t forget to factor in the cost of safety certificates and ongoing maintenance, what will happen if the property sits empty for a month?

Once you have decided on your property bear in mind that Tenants that are allowed to make a house their home stay for longer which is great news for Landlords.

What should Tenants consider before taking on a rental property?

How long do you want the property for? You can ask for anything between 6 months and 7 years.

What can you afford? Think about how much rent you can afford, 35% of your take-home pay should be the most you pay in rent but this needs to be considered against your other outgoings.

Decide which area you would like to live in. Renting turns what might be an area beyond your budget to buy into an affordable option.

Have your documents ready. Landlords and Agents will want to confirm your identity, credit history and employment status.

What does a rental property require in order to conform to current Regulations?

– A valid gas safety certificate (renewed annually)

– An electrical safety certificate is recommended

– An annual boiler service

– At least one smoke alarm on every storey which is used as living accommodation

– A Co2 alarm in any room used as living accommodation where solid fuel is used

– Landlords to be aware of the risk of Legionnaires Disease and their responsibility to minimise risks

Why instruct a Managing Agent?

Regulations are changing constantly and major Health & Safety Laws, if not adhered to, can lead to hefty fines. David Burr Lettings will ensure a Landlord is kept up to date and that your property adheres to all current Regulations and Guidelines. We have a list of trusted trades which are used to maintain your property and ensure any emergency work is carried out quickly and cost effectively.

Being members of the Royal Institute of Chartered Surveyors and The Association of Residential Letting Agents we have access to dedicated legal advisors and can ensure that any problem encountered throughout a tenancy is dealt with quickly and efficiently.

Contact your local David Burr office:-

Long Melford – Tel: 01787 883144

melford@davidburr.co.uk

Clare – Tel: 01787 277811

clare@davidburr.co.uk

Leavenheath – Tel: 01206 263007

leavenheath@davidburr.co.uk

Castle Hedingham – Tel: 01787 463404

hedingham@davidburr.co.uk

Bury St Edmunds – Tel: 01284 725525

bury@davidburr.co.uk

Newmarket- Tel: 01638 669035

newmarket@davidburr.co.uk

Woolpit – Tel: 01359 245245

woolpit@davidburr.co.uk

London – Tel: 0207 839 0888

london@davidburr.co.uk

 

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