Buy to Let Investment
April 2nd, 2010
Purchasing a buy to let property can leave the buyer with a whole sack full of questions. Am I paying the right price? Is the property in the right rental area? As a landlord what are my responsibilities? How do I ensure I get the right tenants?
All these questions can put many people off investing in property. At Happy Homes we like to take all the hassle and worry out of investing by dealing with all these questions before you pay a penny. Happy Homes have had many years experience of buying rental properties in and around Nottingham so lets look at what they do to alleviate all these fears.
The Right Price
When purchasing a property Happy Homes will always conduct a full RICS (Royal Institute of Chartered Surveyors) survey, not only to ensure the initial price correctly reflects the current value of the property, but also the resale price once the property has undergone extensive renovation, ready to take tenants. This way you can guarantee the price you pay is always the true and accurate price for the property you are buying. In addition to this Happy Homes pays all your legal fees through their chosen solicitors ensuring you further cost savings.
Happy Homes always use long standing reputable builders to ensure all the work carried out is up to the highest standard and completed within the timescale agreed at the outset, again this guarantees you are getting good solid, high quality renovations at a reasonable price without the hassle of finding and overseeing the workmen yourself.
The Right Area and Right Tenant
As I have said before Happy Homes have many years of experience with rental properties in and around the Nottingham area, this means you can take advantage of their expertise to ensure the property is in a good rental area. The best areas of town are not necessarily the best rental areas and Happy Homes takes this into consideration before even purchasing the property. This, coupled with using a reputable and established letting agent, will ensure your property is working for you from day one. Happy Homes demands the highest of standards from its letting agent, which means all tenants are Credit Checked and Referenced before they move into your property saving you time, hassle and money.
Landlords Responsibilities
As a Landlord you will be responsible for the following.
- Building Insurance
- EPC’s (energy performance certificates)
- Gas Safety Certificates
- Electrical Appliance Testing Certificates
Without a good knowledge of what is required this can be minefield for the Landlord going it alone. As Happy Homes only use a reputable and established Letting Agent you can rest assured all these will be kept fully up to date alt all times again saving you the hassle of finding the right people to supply all the certificates and cover.