Buying a house and doing it up could be a sensible thing to do ? especially if you have relevant building or decorating skills that you can use to keep the costs of the project down.
Buy to lets are very important to the UK property market. In the last week, the British Property Federation has said that property letting is key to solving the perceived housing crisis in the UK.
It says that government research shows demand for rented property is now 25 per cent higher than for houses purchased privately. And it believes that difference will continue to rise if prices increase further.
The BPF believes that it is only by renting a home that millions of people who can't afford to buy a home are going to find somewhere to live. It points to a similar development of property letting in the United States and Germany.
While the BPF believes the solution is a professional rental sector where property managers run domestic lets on a large scale, as with commercial property now, this situation presents clear opportunities for small investors ? you.
So if you decide to go down that route, or indeed you already have a home that you rent out to others, how can you make sure that you and the tenant are perfect for each other?
Estate agent Knight Frank recently issued a series of tips for both landlords and their tenants to help them get along.
For you, the key thing to remember is that property letting is a business. And that means if you give the customer (the tenant) what they want, you will maximize your profit from your investment. It's as simple as that and the reason why it is key to research your intended market thoroughly. Ensure you understand the kind of people you hope to rent to, and the lifestyle they lead.
Families renting a four bedroomed house want space, a garden, safety and no fancy features that could be broken by the children. Professional couples might want more of a show home and will be willing to pay a little extra for the perfect location or feature in the home.
Next up, you must remember to make your property neutral but not bland. To impress tenants you need to declutter and depersonalize the house before viewings. Unless they are renting it furnished, they need to be able to imagine that they will be happy there.
Next in the list of property letting tips is to keep the house in an excellent state of repair. A house in an excellent condition is much more likely to be returned to you that way, whereas if it's a bit tatty, tenants are less likely to take care of it.
You are legally required to get the boiler serviced each year, and you should ensure the electrics are up to scratch too.
Finally, ensure you tell your mortgage provider and buildings insurer what you are doing. It may seem tempting to keep it quiet and save a little money, but any claims you have to put in may be rejected if they discover you are property letting and haven't told them.
For your tenants, the estate agent recommends they have references ready in plenty of time, ask for any improvements to the property to be done before signing the lease, and commit to at least a year's rental, so as to be more attractive to landlords.
Tips For Happy Marriage
Do you really know all there is to know about your canine companion's nutritional needs? Many pet owners think they're doing what's best for their dogs when it comes to food, but in reality they rely on pure instinct more than science. Nutrition isn't a guessing game, even when it comes to your pooch. Think about it ? if you were left to feed yourself based only on what you craved and had no knowledge of what your body needs to function, would you be eating 5 servings of fruit and veggies or would you head straight for the Ding Dong case at the market?
Cover all of the bases
A dog's diet can be as complex as any human's (including yours!), and it's absolutely essential that you, as an owner, hit all of the vital nutritional bases. A deficiency of certain vitamins and nutrients can lead to upset tummies; overly dry or oily skin, brittle bones, weight issues, and, in some of the worst cases, death. A balanced and proper diet is the building block of your dog's overall health ? if he doesn't get the right blend of nutrients, the most impeccable care otherwise won't mean a thing. But with the right diet, his defences against disease and disorders are infinitely stronger than a dog whose owner hasn't put much thought into an eating plan.
Mix it up!
For the most part, pre-packaged food will help you cover all of the major nutritional requirements a healthy, fairly young dog has. This where many owners trip up simply because of the ease of the decision; Most think that the major choice is between dry and moist food, when in reality the best diet you can provide your dog is one varied in ingredients, textures, and nutritional value. Wolves where carnivores, and that instinct remains with their our modern day dog; to this day. They continue to hunt prey (poor Kitty), love sausage-flavoured treats, and adore the great crunch they get when chowing down on a bone. Those varied elements should give you a little bit of insight into how diverse your dog's diet can be.
Move beyond meat.
Building some portion of his diet from meat gives you many of the crucial nutrients he needs for energy and growth, but he also needs fiber and carbohydrates to aid in digestion and stability. You could throw down a bowl of dry food every day and maybe give him a ?treat? of moist food once a month, but how would you like it if the tables were turned and he insisted on feeding you pancakes every day for the rest of your life? Not such a sunny outlook, is it?
Make it a real meal.
Listen, nobody ever said you had to rely on a bag or can of food to feed your dog. You cook for your family all the time. Doesn't your dog deserve similar treatment? Most owners say they'd love to cook for their pups but just don't know where to start, and that's where I come in. Now you can help fulfil all of your dog's nutritional needs as well as his taste desires with just one quick flip through my new book, 180 Delicious Gourmet Dog Recipes. I know, I know, you're busy, and there's barely time to cook your family a proper meal. That's why you'll love this book ? in addition to covering all of the usual recipes like traditional dog chow and cookies, I've created several that are healthy and delicious enough for you, your dog, and your family. Being skeptical is natural; after all, I never dreamed I'd come up with recipes I could easily share with my dogs! But how can you pass up recipes like biscotti, muffins, omelettes, dinner mints, and even sushi?
Give him some green.
Your dog needs a well-balanced diet, and the best way to accomplish that is through a wide variety of ingredients. Did you know that many dogs love veggies? In fact, if your dog likes to nibble on grass, he may appreciate some of the veggie-oriented recipes in the cookbook. Give it a shot and see what you ? and your dog ? think. After all, the worst that could happen is an improvement in your pooch's health!
Both P Green & Paul Duxbury are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
P Green has sinced written about articles on various topics from Property Guide, Foreclosure Help and Real Estate. If you are considering letting out properties, please see the Property Today website for more about
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