Six Key Types of Homebuyers and How to Target Them

Want to fast-track your property sale by getting your marketing just right?

Then spend some time thinking about the type of buyer most likely to fall in love with your home, and ensure you target them.

Once you’ve identified the type (or types) of buyers looking for a property like yours, you can tailor your presentation and marketing accordingly.

First-time buyers– As the name suggests, buyers in this group are making their first property purchase and are chain-free (which can be an appealing … Continue Reading…

Why It Could Be Better to Rent Out Your Property Rather Than Sell

If you’re fortunate enough to be in a financial position where you can rent out your home instead of selling it, should you take the leap?

After all, if you don’t need to sell to fund your next move, renting your property is an option worth exploring.

Here, we explore the dilemma of renting out a property instead of selling.

Timing

As we all know, property sales can take time. There are lots of hoops to jump through and boxes to tick before you … Continue Reading…

The Golden Rules of Setting Your Monthly Rent

If you’re a first-time landlord about to rent out a property, or an established landlord looking to purchase a new investment, one of the main questions you’ll have is how much rent you can charge per month.

Of course, you can (and should) take the advice of your agent, but it’s also worth understanding exactly what factors impact the amount of rent you can sensibly charge.

In this quick read, we explore the factors you need to consider before pricing your rental … Continue Reading…

Property Negotiations: Tips to Help You Seal a Successful Deal

When it comes to preparing for a property sale, most sellers focus on the early stage of the process: sprucing up their home and choosing an agent to manage the marketing.

But there’s another element to nailing a successful property deal that gets less attention but is just as critical: negotiating the sale.

How do you know when to accept an offer and when to hold out for more? And what should your strategy be if you have more than one offer … Continue Reading…

How to Make the End of Tenancy Run Smoothly

As a landlord, one of your main goals is to make sure your property is tenanted. As soon as the old tenants decide they’re moving on, it’s time to find new renters to move in.

But while you’ll be keen for a quick turnaround, it’s also important that things are done properly (cutting corners will cause you problems in the long run).

Not only will you want to end the initial tenancy correctly, but you’ll also want to start the next one … Continue Reading…

The Dangers of a DIY Tenancy Agreement

Type ‘tenancy agreement’ into Google and you’ll get thousands of results offering free online templates and guides to writing your own rental contract.

So why bother using a letting agent to sort out the tenancy agreement if you can do it yourself? What could possibly go wrong?

Well, quite a lot. Hastily downloading a template from the internet and high-fiving yourself for a job well done could prove to be a costly mistake.

It might not become apparent for months or even years, … Continue Reading…

How to Manage Difficult Tenancy Relationships

As a landlord, as well as managing the finances, the property and any repairs or maintenance, you also have to remember to look after your tenants. Whilst nine times out of ten you’ll never have to deal with anything too difficult, sometimes relationships can be testing.

So, what’s the best way to deal with issues that arise during a tenancy? In this quick read, we look at ways to deal with such problems.

Help avoid fall-outs 

You can’t control the arguments that arise … Continue Reading…

Why Now Is the Right Time to Get Rent Protection Insurance

The rental market is a tough place to be, especially in the current economic climate.

With the cost of living crisis leaving many tenants feeling squeezed, now could be the right time for landlords to invest in rent protection insurance. But is it really worth it, or just another expense?

In this two-minute read, we look at rent protection insurance in detail to help you decide whether you need it. 

What is it? 

Rent protection is also known as rent guarantee insurance or landlord … Continue Reading…

How to Calculate the Rental Return on Your Buy-to-Let in Wellingborough, Irthlingborough & Rushden

If you’re looking for a property to rent out, it’s important to understand the numbers involved. You may have inherited a property and are thinking of letting it. Use the information here to identify if that is a prudent thing to do or if the capital from selling the property could be better invested.

Find the numbers

The simplest way to work out your gross return on a rental is to estimate some numbers. You can have a browse on the property … Continue Reading…

Being a Landlord in Wellingborough, Irthlingborough & Rushden: the Risks and How to Avoid Them

Having a rental property can be a great way to earn some extra income. Like anything, there are a variety of things that can go wrong. We break down five of the most common ones.

The wrong property

Being a landlord means running a business. You’re not buying a property for you to live in. Tenants often have very different expectations when looking for a rental property. Don’t turn down a great opportunity because you wouldn’t like to live in it.

The wrong … Continue Reading…