Prepare Your Property For Letting

February 9, 2023

 Letting a property out is a great option for a second income. However, you need to approach this possibility the right way. Here are the key options that we recommend you explore. 

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Clean It Up 

One of the first things you should be doing when you decide to let out your property is clean it. A thorough clean is in order to ensure it looks brand new for your new occupants. You will also need to ensure you get rid of all your own belongings if you have been living in the property. A deep clean of your home means getting into every corner and removing dust, dirt, and debris that may have built up over time. 

You should also pay close attention to the floors, people don’t want to move into a home with dirty flooring. This is an occupational hazard as people walk on the floor everyday so they are bound to get slightly dirty. If you have hardwood flooring then you can invest in some floor wax to make it look shiny and new again. Take a look at the best floor buffer to get this job done and out of the way. 

Ensure It Is Safe And Sound 

Arguably one of the biggest risks for a new landlord is going to be legal issues. You need to make sure that you are not leaving yourself vulnerable to legal issues here. One of the ways that you can do this is by consulting with a legal advisor. You might also want to consider checking the property regularly yourself or hiring someone to do it for you. By taking this step, you can avoid the damage and danger that comes from a legal dispute with a tenant. 

Take An Inventory 

Next, you should make sure that you are taking an inventory of everything that is included in your property. This could include everything from the furniture that you are leaving for tenants to use to white goods. By taking an inventory you can note down the state of items like this and ensure that you don’t have to worry about them being damaged while a tenant is staying on your property. A full inventory will provide you with the complete peace of mind you need as a new landlord. 

Formulate A Tenancy Agreement 

Finally, you need to make sure that you are formulating the right tenancy agreement before you decide to let your property out. A clear tenancy agreement will protect your assets and ensure that you are not at risk of a significant financial loss by letting out your property. This can be an issue for landlords who do not take the right legal steps. There are lots of things that can be included in your tenancy agreement. Some of these will be standard requirements while others will be more unique to your property. 

We hope you found this article helpful and that it gave you some useful ideas on how you can prepare your property for the letting market. 

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