Category Archives: Property News

Employment, Property News

Running A Real Estate Agency: How To Grow And Maintain Employee Retention

Working in real estate can be rewarding by helping clients find homes they truly love. Even handling property management can be great, as some renters have never worked with management that listens to them. A real estate agency is going to have quite a few departments to keep the agency running efficiently. Keeping realistic expectations is going to be vital, as performing well only to be told that you are failing is a red flag for some professionals.

The world is full of employee turnover due to the ability to apply for hundreds of jobs in hours. Perks can make all the difference for real estate agents, whether a phone or car allowance. Top-performing agents that seemingly close a deal weekly need to be catered to. The levels of real estate differ massively, with some closing a deal a month while others close over a hundred annually. Below will highlight how to run a real estate agency with the goals of growth and employee retention in mind.

 

Real Estate Agent Recognition Matters

Real estate agents might not have a day off for weeks as doing showings with clients takes precedence. Hard work needs to be rewarded, and recognition is always appreciated. Doing an event with awards for real estate agents who have gone above and beyond can be imperative. The awards should also be coupled with a perk like a vacation to an all-inclusive resort or some form of promotion. Awards can also be listed on agent profiles that can instill confidence in an agent from a client.

The truth is that the ultimate reward is to generate leads that agents can close. A pre-approval lender in-house can help expedite the process of purchasing a home. The in-house lender can also reduce the chances of an agent wasting their time with someone that would never get loan approval. Some prospects might want to look at homes with a professional without the ability or desire to purchase a home in the near future.

 

Getting Quality Listings

The avenues used to receive quality listings for agents are limitless. Personal referrals from former clients can be valuable, especially if recommending a specific agent. Top performers should be given the most promising listings if they have an impeccable close rate. Agents should also be generating leads by promoting their services on social media. Large agencies have requirements for how often an agent should post on various social media platforms.

Cornering a market segment can be done whether you are selling townhomes or commercial properties. Even beachfront properties can be a specialized market to target. Targeting specialized types of properties can make it far easier for digital marketers to generate leads for an agency. Specialized agencies can hire those knowledgeable about particular types of properties, which is a huge advantage.

 

Non-Compete Agreements Should Be Signed

The truth is that the real estate industry is very cutthroat, depending on the agency’s location. The financial rewards for selling luxury apartments can be too much to refuse, even for the most loyal employees. Non-compete agreements can be pretty useful as an agent will not jump to another local agency when unhappy. Keep these agreements in the local area, as you should not limit an agent moving with the family from selling homes elsewhere. Protecting the agency is very important as a disgruntled former agent might tell secrets of how their former agency generated leads.

 

Compensation For Licensing And Certifications For Employees

Employees who are working administrative jobs or handling marketing can become agents. Offering to cover expenses for licensing courses or certifications can be valuable. Many employees could be great agents after working in the industry for a while. Some might not be able to cover expenses for real estate exams, so covering this can be very advantageous. Taking the time to offer various courses that result in certifications or licenses is not something to force on employees. Improving career prospects can be a perk that helps retain employees as they feel valued as an employee rather than just another member of the staff.

The beauty of furthering the education of the staff is the potential to open up other agency locations. An agent that has had the costs for their MBA supplemented can manage another branch. Cornering a regional market can lead to more name recognition and referrals for all branches.

Running a real estate agency with goals of growth and employee retention will take time and effort. Take the time to use the tips above to retain top agents and sell more properties annually.

 

 

Property, Property Buyer News, Property News

The Safest 12 Places to Buy a Vacation Property

In recent years, there has been a surge in vacation property investments as holidaymakers and investors alike seek the perfect getaway from the hustle and bustle of everyday life. While picturesque landscapes and exotic locations are obviously appealing, the safety of the location is paramount. This is why you need to put plenty of thought into your decision if you are taking the huge step of investing in a vacation home.

The rise of remote work and the appeal of different destinations means that investing in vacation property is becoming a trend among people from all walks of life these days. But, if you want to make a wise investment, it is important to look beyond the serenity and scenic beauty and consider things such as safety. In this article, we will explore some of the top places you should consider.

 

Some of the Top Safe Destinations to Consider

There are lots of great places around the world where you can invest in vacation property. Some of the safest ones for you to consider are:

 

  1. Kyoto, Japan

Kyoto is not only the historical heart of Japan but also one of its safest cities. The low crime rate, combined with the locals’ adherence to law and order, sets the bar for safety. In addition, you have the city’s breathtaking temples, traditional tea houses, and stunning annual cherry blossoms. It is little wonder that Kyoto attracts vacation property buyers.

 

  1. Reykjavik, Iceland

Reykjavik’s natural wonders, like the Northern Lights, hot springs, and picturesque areas, are legendary. Its strong community spirit, low population density, and efficient leadership have kept crime rates low. Investing here ensures that homeowners can immerse themselves in nature’s beauty without any safety concerns.

 

  1. Quebec City, Canada

Quebec City is like stepping into a European town. Its cobblestone streets, French colonial architecture, and vibrant arts scene are enchanting. Besides the aesthetic appeal, the city’s active community watch programs and modern security infrastructure provide an added layer of safety.

 

  1. Vienna, Austria

Vienna is a city where classical music, art, and history come together. Its magnificent palaces, opera houses, and museums provide a glimpse into its grand past. But beyond the cultural appeal, Vienna’s modern security measures, including 24/7 surveillance and efficient policing, help to safeguard both residents and their properties.

 

  1. Wellington, New Zealand

Wellington’s scenic beauty is unparalleled – for instance, you can enjoy incredible harbor views and sprawling lush greenery. The local government’s dedication to public safety, combined with New Zealand’s solid legal framework, means that vacation homeowners can bask in the city’s charm with peace of mind.

 

  1. Helsinki, Finland

Helsinki is where modern urban living combines with nature. Its innovative architectural designs coupled with pristine lakes and stunning parks have helped to make it a big hit. The Finnish education system, which focuses on civic responsibilities, plays a role in the city’s low crime rates, making it an ideal investment spot.

 

  1. Algarve, Portugal

Algarve, Portugal has been suggested by Maria Velniceriu, a lifestyle content creator and property investor with experience in property renovation and interior décor. She shares décor tips and DIY projects at her online magazine Missmv. Maria says that the Algarve region offers a Mediterranean climate, beautiful coastline, and a stable real estate market. It’s a popular destination for tourists, offering a mix of natural beauty, historical charm, and vibrant nightlife. You can buy a property in the Algarve with the purpose of spending a short period of time there, or you can actually relocate entirely and enjoy the offerings of this idyllic Mediterranean paradise.

 

  1. Bergen, Norway

Bergen’s appeal and charm lies in its wooden houses, historic harbor, and majestic fjords. The well-structured societal systems, community policing, and responsive emergency services help to guarantee safety, and this has helped to make Bergen a top choice for vacation properties.

 

  1. Zurich, Switzerland

Zurich seamlessly blends the old and the new. While its streets enable you to step back in time with tales of medieval Europe, its banking and public service sectors are incredibly modern. Known for its stringent laws, Zurich offers a level of security that few global cities can match. This means greater peace of mind when it comes to your vacation home.

 

  1. Ljubljana, Slovenia

Ljubljana, with its car-free city center and lush green spaces, is a great example of eco-friendly urban planning. The local government’s initiatives, such as 24/7 CCTV monitoring and public awareness campaigns, ensure the city remains safe for locals and vacation homeowners alike.

 

  1. Singapore

Singapore’s skyline, bustling ports, and rich culture provide a unique blend of tradition and modern. Its stringent law enforcement, combined with technologically advanced security measures, means crime is uncommon. This has helped to make this destination a popular choice among those looking to invest in a vacation home.

 

  1. Adelaide, Australia

Adelaide’s serene beaches, world-class wineries, and vibrant arts festivals are world famous. The city’s emphasis on community policing, efficient legal systems, and public safety campaigns help to ensure a secure environment, further enhancing its appeal for vacation homeowners.

 

Make a Wise Investment in the Ideal Destination

These 12 cities offer a fabulous blend of beauty and security, providing potential investors with both peace of mind and the chance to make great returns. Before you make this sort of investment, it’s always wise to do personal site visits, understand the local property laws, and engage with the community.

News, Property News

Making a Smooth Transition: How To Execute A Painless Move

Moving to a new home is a significant life event that often comes with a mix of excitement and stress. Whether you’re relocating to a new city, downsizing, or upgrading to a larger space, proper planning and organization can help ensure a smooth transition. In this article, we’ll provide you with valuable tips and strategies to execute a painless move.

 

  1. Plan Well in Advance

The key to a successful move is thorough planning. Start planning as early as possible to avoid last-minute stress. Create a moving checklist that includes tasks such as finding a moving company, packing, notifying important parties of your address change, and setting a budget. Having a clear plan will help you stay organized throughout the process.

 

  1. Declutter and Downsize

Moving presents an excellent opportunity to declutter and downsize your belongings. Go through your possessions and decide what to keep, donate, sell, or discard. Fewer items to move means less work and lower moving costs. Plus, you’ll start fresh in your new home with only the things you truly need and cherish.

 

  1. Hire Professional Movers

While you can opt for a DIY move, hiring professional movers can save you time, effort, and potential physical strain. Research and choose a reputable moving company with good customer reviews. Get quotes from multiple companies to ensure you’re getting a fair price. Professional movers can handle the heavy lifting and transportation, allowing you to focus on other aspects of the move.

 

  1. Pack Strategically

Packing is a significant part of the moving process, and how you pack can impact your experience. Here are some packing tips:

 

Start Early: Begin packing non-essential items well in advance of your move date. Save daily essentials for last-minute packing.

 

Use Quality Packing Supplies: Invest in sturdy boxes, packing tape, bubble wrap, and packing paper. Proper supplies protect your belongings during transit.

 

Label Boxes: Clearly label each box with its contents and the room it belongs in. This will make unpacking much more manageable.

 

Pack an Essentials Box: Prepare a box of essential items you’ll need immediately upon arrival at your new home, such as toiletries, clothing, and important documents.

 

Disassemble Furniture: If possible, disassemble furniture to save space and make it easier to move.

 

  1. Notify Important Parties

Don’t forget to notify important parties of your upcoming move. This includes:

 

Post Office: Submit a change of address form with the post office to ensure your mail is forwarded to your new address.

 

Utilities: Contact your utility providers to schedule disconnect and connect dates for services like electricity, water, gas, internet, and cable TV.

 

Financial Institutions: Update your address with your bank, credit card companies, and any other financial institutions.

 

Government Agencies: Notify government agencies of your move, including the DMV, IRS, and voter registration office.

 

  1. Create a Moving Day Plan

Moving day can be hectic, so it’s essential to have a plan in place. Coordinate with your moving company or helpers to ensure everyone is on the same page. Have a designated area where movers can place boxes and furniture in your new home. Keep important documents and valuables with you, rather than in the moving truck.

 

  1. Consider Your Pets and Plants

If you have pets or houseplants, make special arrangements for their move. Ensure your pets are comfortable during the transition, and consider boarding them on moving day. For plants, research the best way to transport them to avoid damage.

 

  1. Stay Flexible

Despite careful planning, unexpected issues may arise during a move. Stay flexible and be prepared to adapt to changing circumstances. Having a positive attitude and a willingness to adjust your plans can help reduce stress.

 

  1. Take Care of Yourself

Amidst the hustle and bustle of moving, don’t forget to take care of yourself. Stay hydrated, get enough rest, and take breaks when needed. Moving is physically and emotionally taxing, so self-care is essential.

 

  1. Unpack Systematically

Once you’ve arrived at your new home, unpack systematically. Start with the essentials box, then tackle one room at a time. This approach makes the unpacking process more manageable and less overwhelming.

 

  1. Get to Know Your New Community

After the move, take the time to explore your new community. Get to know your neighbors, find local amenities, and familiarize yourself with nearby grocery stores, schools, and healthcare facilities. Building a sense of belonging in your new neighborhood can help ease the transition.

 

In conclusion, executing a painless move requires careful planning, organization, and a positive mindset. By following these tips and staying organized, you can make the transition to your new home as smooth and stress-free as possible. Remember that moving is a fresh start and an opportunity to create new memories in your new space.

 

Property, Property News

Investing in a Second Home – What are the Options?

Property is often described as one of the safest forms of investment – and for very good reason. While property markets have seen considerable turbulence in recent months and years, the steep rises in property value and interest rates alike are an aberration in comparison with the wide-angle view. Over time, property is the safest way to grow an estate, as it enjoys consistent high demand and appreciates value all the while.

For those of you who are already on the property ladder, you may be considering expanding your portfolio to include a second property for these reasons. But what are the options available to you in this regard – and what are the key benefits and challenges of each?

Traditional Buy-to-Let

The most common way in which people engage with the possibility of obtaining a second home is through a buy-to-let mortgage. The buy-to-let scheme was designed to lower the financial barriers to landlordism, by offering a specific kind of financial product that reduces pressure on initial repayments.

The mortgage is effectively interest-only for the length of the agreement, after which the value of the property is due in full. This enables landlords to capitalise on the rent and earn greater interest on income before being liable to repay. The catch is that interest rates are typically higher, and a large deposit is necessary to secure the home. With recent raises to rates of interest, the buy-to-let has become a much riskier strategy than it has been historically.

Holiday Home

Of course, not all aspirant second-home owners are looking to purely capitalise on their property. Another much more palatable option comes in the form of acquiring a holiday home. There is an abundance of lodges, static caravans and holiday homes for sale in North Wales and in national parks across the country, which enjoy impeccable views of the UK countryside at its best; not only would they be shrewd purchases for annual domestic holidaymaking, but also for potentially bringing in a small amount of income from holiday lets.

Student Accommodation

In considering second properties, particularly where the ambition is to create income from rentals, it is important to consider the demographics for specific properties, and the best options for long-term income. One such demographic is students, with student rental properties in university cities enjoying high demand and commanding high prices as a result. The trade-off is the swift turnover of tenants and the increased risk of property damage. To rent out student accommodation, you would have to be local to the property you rent.

City Apartments

City apartments are another route to significant rental income, given the relatively high rates you can charge per square foot. Young professionals would be the key demographic, looking for both proximities to work and proximity to culture and nightlife. The challenges arise in finding the right property for the right price, in order to balance demand with up-front deposit costs.

 

Property, Property News, Scotland

Types Of Property For Sale In Glasgow

Are you considering buying property in Glasgow? If so, you’ll be pleased to know that the city offers many options to suit all preferences and budgets. From historic tenement flats to modern penthouses, there is something for everyone in this vibrant Scottish city.

Whether you’re looking for a piece of Glasgow’s architectural history or a contemporary urban oasis, there are so many types of property for sale in Glasgow. 

So, get your estate agent on call and let’s find your dream property in Glasgow today!

 

#1 Tenement Flats

If you’re looking for a charming and character-filled home in Glasgow, you’ll love the available tenement flats. These traditional Scottish apartments are known for their unique architectural features, such as high ceilings, ornate cornices, and large windows that flood the rooms with natural light.

The tenement buildings often boast beautiful stone facades and communal stairwells that have retained their original charm. One of the great advantages of living in a tenement flat is the sense of community that comes with it. 

Many buildings have shared gardens or courtyards where residents can socialise and children can play. Additionally, being part of a close-knit neighbourhood means local events and gatherings are often organised to unite everyone. It’s common to find friendly neighbours who have lived in the building for generations, creating a strong sense of belonging and security.

Tenement flats also offer excellent value for money compared to other types of properties in Glasgow. They typically offer more space than modern apartments at a lower price point, making them an attractive option for first-time buyers and families looking to upgrade their living arrangements. 

With many tenements refurbished over the years, you can find flats that perfectly balance preserving their historic charm and incorporating modern amenities.

If you’re searching for a home with character and community spirit in Glasgow, consider exploring the tenement flats available for sale. With their unique architecture, welcoming neighbourhoods, and affordable prices compared to other properties on the market, they offer an appealing option for those who appreciate history intertwined with contemporary comfort.

 

#2 Victorian and Edwardian Townhouses

Victorian and Edwardian townhouses in Glasgow are highly sought after due to their historic charm and elegant architecture. These stunning properties represent a bygone era with ornate details, grand entrances, and spacious layouts. The Victorian and Edwardian townhouses often feature high ceilings, large windows, and intricate mouldings that add a touch of sophistication to any home.

One of the main attractions of these townhouses is their unique character. Each property has its story, with many meticulously restored to maintain their original features while incorporating modern amenities. From the moment you step through the front door, you are transported back in time as you admire the beautiful staircase or the intricately carved fireplace mantels. The attention to detail in these homes is truly remarkable.

Living in a Victorian or Edwardian townhouse offers a sense of prestige and exclusivity. These properties are typically located in desirable neighbourhoods that offer convenient access to amenities such as parks, schools, shops, and restaurants. Whether looking for a family home or an investment property, these townhouses provide style and substance.

With their timeless appeal and rich history, it’s no wonder they continue to be highly sought after by those looking for a piece of Glasgow’s architectural heritage.

 

#3 Modern Flats and Stylish Penthouses

When finding a stylish and contemporary living space in Glasgow, you’ll be delighted by the modern flats and chic penthouses available. These properties offer a sleek, sophisticated design perfect for those who appreciate a more minimalist aesthetic.

With open floor plans, floor-to-ceiling windows, and high-end finishes, these modern flats provide abundant natural light and a sense of spaciousness. Whether you’re looking for a one-bedroom apartment or a larger penthouse with multiple bedrooms, there are plenty of options.

In addition to their modern design, these flats and penthouses offer a range of amenities that enhance the overall living experience. Many buildings include secure entry systems, concierge services, private parking, and communal gardens or terraces. Some even have on-site gyms or swimming pools for residents to enjoy.

The locations of these properties are also highly desirable, with many situated in trendy neighbourhoods close to restaurants, shops, and cultural attractions. So, if you’re searching for a contemporary home in Glasgow that combines style with convenience, look no further than the modern flats and stylish penthouses available in this vibrant city.

 

#4 Terraced Houses

Looking for a charming home that exudes character and warmth? Terraced houses in Glasgow offer the perfect blend of traditional charm and modern amenities, making them an ideal choice for those seeking an inviting and cosy living space.

From their picturesque exteriors with quaint front gardens to their spacious interiors filled with natural light, terraced houses in Glasgow provide a sense of comfort and tranquillity that is hard to resist. Here are five reasons why terraced houses in Glasgow are so appealing:

 

  • Historical Charm: With their beautiful Victorian or Georgian architecture, terraced houses carry a sense of history and heritage. Each house has its unique story to tell, adding to the overall charm of the neighbourhood.
  • Community Spirit: Living in a terraced house often means being part of a close-knit community. You’ll have neighbours next door, creating a sense of belonging and security.
  • Outdoor Space: Many terraced houses have private backyards or gardens, providing your little sanctuary to relax, entertain guests, or indulge in gardening.
  • Central Locations: Terraced houses are typically found in central areas of Glasgow, offering easy access to amenities such as shops, restaurants, parks, and public transport links.
  • Versatility: Whether you’re looking for a cosy one-bedroom home or need more space for your growing family, terraced houses come in various sizes and layouts to suit different needs.

 

With their undeniable appeal and unique character, it’s no wonder that terraced houses continue to be highly sought after by property buyers in Glasgow. Discover the perfect blend of historic charm and modern convenience by exploring the wide range of terraced houses available today.

 

#5 Art Nouveau Homes

Step into a world of elegance and artistic flair with Glasgow’s charming Art Nouveau homes. These architectural gems are a testament to the creativity and craftsmanship of the early 20th century. With their intricate detailing, curved lines, and decorative motifs inspired by nature, Art Nouveau homes offer a unique blend of beauty and functionality.

Inside these homes, you’ll find spacious rooms flooded with natural light, thanks to large windows that showcase the surrounding landscape. The high ceilings create an airy atmosphere, while ornate fireplaces add a touch of grandeur. Every corner has exquisite features like stained glass windows, mosaic tiles, and carved woodwork.

Though they may be more difficult to find, owning an Art Nouveau home in Glasgow means embracing a lifestyle that celebrates history and artistry. You’ll be surrounded by beauty at every turn, from the intricate ironwork on the exterior to the carefully preserved original features inside.

As you wander through your new home, imagine the stories it holds and feel inspired by its timeless charm. These houses are not just places to live but works of art in themselves – owning one is like owning a piece of history that will continue to captivate for years to come.

 

Explore More Types Of Property For Sale In Glasgow, 

So there you have it – a brief overview of the different types of properties available for sale in Glasgow. 

Whether you’re looking for a traditional tenement flat with its charming character, a grand Victorian or Edwardian townhouse that oozes elegance and history, a modern flat with all the sleek finishes and amenities, or a cosy terraced house perfect for starting a family, Glasgow has something to offer everyone.

No matter which type of property catches your eye, buying in Glasgow ensures that rich culture, vibrant neighbourhoods, and friendly communities surround you. So why wait? Start exploring the types of property for sale in Glasgow today and find your dream home in this beautiful city.

 

Home Improvements, Homeowner Advice, Property, Property News

Which doors are worth choosing? Check these bestsellers.

The role of a front door cannot be reduced to aesthetic. Front doors are important not only for the appearance of your home but also, above all, for your comfort and safety. That’s why their choice should be a well-thought one.

In Fenbro we understand that choosing the right door material and type for your house may be difficult. To help you, we have prepared a list of bestsellers, presenting the most popular products in our offer.

Steel doors and composite doors

Steel doors are made of one of the strongest materials out there, thus they offer safety, durability, and comfort. But the list of benefits does not finish here. Easy maintenance is yet another asset. Steel doors, as well as composite doors, do not require time-consuming and costly maintenance work. And you will find them surprisingly easy to keep clean. The construction is also well-known for its insulating properties. Front doors made from steel are very effective in reducing heat loss and blocking outside noises.

Focused on the needs and expectations of the most demanding clients, we offer WIKĘD Steel Doors for apartments and WIKĘD Composite Doors for houses. They are commonly used for both new builds and refurbishment projects. Homeowners choose them for their high quality and timeless design. The doors are durable, functional and look very well. What is more, WIKĘD Doors come with glazing that adds to their unique design and helps to illuminate the interior.

Aluminium doors

Aluminium doors offer modernity in terms of technology and security. Their elegant look comes with very good properties. Aluminium doors are resistant to weather conditions and require very little maintenance. They are also easy to keep clean.

The elegant collection of aluminium exterior doors from Fenbro is addressed to the most demanding customers. We have selected top brands and their bestselling models especially for you. Our offer includes:

  • Aluprof Exterior Doors
  • AluLine Exterior Doors
  • WIKĘD Exterior Doors

We have a wide range of panel designs that match your house exterior with an uncompromising manner. Depending on the house style you are going for, we offer door panels with glazing, stainless steel applications and a decorative cutter.

Wooden doors

Traditional materials are still highly appreciated by homeowners all over Ireland. For this reason, many choose wooden doors, which can last for decades with proper maintenance. As a construction material, wood offers many beneficial properties:

  • it’s a great insulator that reduces the heat loss significantly,
  • it blocks outside noises,
  • it’s resistant to external conditions,
  • it can be renovated many times and get an up-to-date look when trends change.

Our offer of high quality wooden doors is based on well-known brands, such as:

  • Naturo
  • Derpal

Wooden doors are a great fusion of tradition and modernity. They come in many different styles, colours and finishes, also with elegant glazing panels that add to their modern appeal.

uPVC doors

uPVC doors are far more popular than you may think. Homeowners select them because they provide a good balance between security, insulation properties and cost. They also offer a vast selection of designs to choose from. You can either opt for a classy look or modern design, with or without glazing.

When it comes to uPVC doors, we highly recommend Aluplast Doors.

High quality doors from Poland

Fenbro offers high quality doors with full guarantee and installation services all over Ireland. Our offer includes:

  • Steel doors
  • Composite doors
  • Aluminium doors
  • Wooden doors
  • uPVC doors

We also provide you with front door accessories, ranging from useful and aesthetical door fittings to intelligent technological solutions. With our accessories, your external door will be fully decorative and functional.

Are you looking for the perfect front door for your home? Contact Fenbro and take full advantage of high quality solutions at low prices and the professional service. Our doors from Poland come in a variety of textures, styles, and finishes.

London, Property, Property News

A Short Guide for New London-Based Landlords

ECA International has officially listed London as the fourth most expensive city in the world, but it makes for a brilliant playground for landlords. If you’re considering becoming a London-based landlord, you’ll be full of questions because you know that any shortcomings will be extremely costly. Luckily, we’ve got your back by putting together the following guide, which covers everything from budget setting to energy audits.

Budget for Ongoing Costs

Buying a property and getting it ready for tenants to move in is only the beginning of the road when it comes to associated costs. You will need to have a budget prepared for the continuing costs, which include maintenance, mandatory checks like the EICR London, void periods, and mortgage costs. Additionally, if you choose to use a letting agent, their fees will need to be paid as well.

The best way to prepare for the continuing costs is to build a budgeting strategy, which includes methods to reduce costs in the future. For example, you can find ways to lower energy bills and maintenance expenses.

Conduct Locational Research

The beginning of any business involves researching the market, including the demographic and average rental costs. Additionally, you need to pull up Google Maps to figure out the benefits there are to live in the area. For example, is it close to great schools, public transport links, and attractions (of which there are plenty in London)? Acquiring this information will let you start focusing on the type of tenants you’d like to host.

When you eventually come to find your first tenants, your research will allow you to beat the competition and bring in revenue.

Property Preparation

If you walked into a shop and found the walls were cracked, the floors were peeling up, and the windows were broken, you’d most likely turn around and walk out. This concept transfers directly to setting up your property and allowing prospective tenants to look around. If they’re not impressed with the state of the place, they’ll turn around and find somewhere else to rent.

To avoid losing out on business, spend time carrying out maintenance tasks including fresh coats of paint, filling cracks, and replacing electrical outlets.

Make Health and Safety Efforts

Landlords are responsible for making sure their properties live up to health and safety regulations, which means spending time checking off the health and safety aspects. For example, you will need to have sufficient carbon monoxide and smoke alarms – and they’ll need to have batteries. As well as this, you should check for wonky fixtures including broken fixtures and stairs.

Before you’re allowed to move in with any tenants, you’ll also need to have an electrical safety test carried out, which makes sure all wiring and fixtures are up to code. Having an EICR in London performed by an electrician can be challenging, so get in touch with a business that’s committed to electrical testing. After having the initial test, you will need to have your EICR certificate London renewed every five years.

Contacting Agents

Successfully putting a property up for rent can be challenging, and the longer you go without tenants, the more money you’re pouring down the drain. Therefore, to reduce the stress and increase your chances of securing a tenant, get in touch with a letting agent and leave it to the experts. As well as telling you how to make your property more appealing, a letting agent will optimise your ad to make sure the right tenants come through.

Sourcing the Right Tenants

Being a landlord means allowing people to live in your home on a fixed-price contract, but that doesn’t mean you have to let just anyone in. The best place to start finding tenants is by checking with loved ones to see if they know anyone looking to rent. Sourcing a tenant this way may feel smoother because you have a mutual connection already.

The next avenue to explore is contacting an estate agent. They can either take control of every aspect of the property management, or you can scale them to suit your circumstances. For example, you can deal with the maintenance side while they manage legalities and tenant sourcing.

You also need to make sure that the tenants you find can afford the rent, which is why you can carry out a financial background check. The best way to do this is through a reputable referencing agency, which will assess savings, current employment, and any associated debt like CCJs. If you’re not satisfied that a prospective tenant can afford the rent, you can decline their application or have a guarantor referenced, which will cover the rent if the tenant fails to pay.

Covering Your Assets

Even after spending time finding the correct tenants and completing all maintenance tasks, things can go wrong that can leave you out of pocket. For example, a disgruntled tenant decides to wreck the place on the way out, which would be expensive to replace. To avoid upsets like this, it’s always best to cover assets by taking out suitable landlord’s insurance. As well as covering physical monetary expenses or loss of rent, landlord insurance will pay for legal expenses associated with having tenants evicted.

Spending Time on Tenancy Agreements

The tenancy agreement exists to protect both the landlord and the tenant, so it’s essential to make sure you get it right. If you’re not 100% sure about what needs to be included in a tenancy agreement, you can get in touch with a lawyer to draw one up or you can use the government’s recommended tenancy agreement.

No matter which way you go about creating the agreement, it’s essential to make sure every word is concrete. This means using absolute phrases that have zero wiggle room for misinterpretation. If you’ve written the agreement yourself, make sure you have a legal expert take a look over it.

Managing Relationships with Tenants

You rely on your tenants to respect your property and pay their rent, and this will be easier to achieve if you have a positive rapport with them. If you communicate effectively and take care of any maintenance requests swiftly, your tenants are more likely to have respect for you.

If a letting agent is taking complete control of your property, you won’t need to engage with any tenants. However, this is still a source of income, so you will need to check in regularly to make sure the letting agent is holding up to their end of the contract.

Having an Energy Audit Completed

The UK is currently in a period of high inflation levels, meaning energy bills and the wider cost of living are rising rapidly. Therefore, to attract the right tenants, you’ll need to do everything in your power to make sure the property is energy efficient. To find out where your property is currently, check the (EPC), which is a document you must provide to all tenants.

If appropriate measures aren’t taken and the property should have a higher rating, tenants are entitled to ask their landlords to take measures to improve the EPC rating.

Being a London-based landlord is fulfilling, but there are countless preparations and considerations to make before listing a property. You need to set a budget, research the market, source tenants, and make sure the property meets health and safety standards.

Pets, Property, Property News, Travel

Why hiring a Homesitters means all your pets’ needs are met while you are away

A stunning Egyptian Arab horse, a Shetland pony, plus a Havenese dog, cat and Koi carp are amongst the pets that Homesitters look after when their owner goes away.

Aflie the horse, Rupert the pony, dog Theo, cat Noddy and the Koi carp belong to a family that live in a large Tudor style house in Warwickshire and have used homesitters for 15 assignments as they wanted someone to stay in their home and care for all their different pets.

Homesitters provides responsible and vetted home and pet sitters to clients across the UK looking for someone to take care of their home and pets.

Ben Irvine, Director of Operations at Homesitters Ltd said; “Our homesitters are experienced with all types of pets, from different dog and cat breeds to more unusual pets. The benefit for our clients which have a menagerie of pets is they employ one person or couple to live-in their home to look after all their different pets which is cost-effective and means their animals can all stay in their home environment.

“For dogs and cats especially this is preferable to a kennel or cattery, plus there is someone living there for the horses rather than just popping in to the feed them. The home and pet sitter can also keep an eye on the koi carp pond, as well as ensure the home is occupied which can help prevent opportunistic burglaries.”

 

Paula and Gavin Rose from Dorset have done over 90 assignments since they joined Homesitters in 2012, with four booking planned for this year already. The couple are both in their 50s and decided to become homesitters when they no longer needed to work full time and wanted to try something new.

While sitting for their client in Warwickshire, Paula and Gavin give daily walks to Theo, feed all the animals per the client’s instructions and give them all lots of love and attention. For Alfie and Rupert, the Roses provide two feeds a day, along with topping up their water, checking the enclosure is all intact, and they are in good form.

Paula explains, “We wanted a lifestyle change – we were keen to live in different parts of the country and meet new people and researched ways to do this. Then we discovered homesitting and it sounded ideal. We love animals and are keen walkers, and the role incorporated the travel and new experiences we were looking for.”

The Roses tend to go on about 12 assignments a year which can vary in length from three or four days to a month at a time. They usually look after dogs and cats although they have also looked after horses, chickens and a tortoise, and once memorably homesat at a hedgehog sanctuary.

They were once asked to help out at the hedgehog sanctuary while they were staying in the owners home looking after her two dogs and a cat. They helped another volunteer at the sanctuary to feed sick and injured hedgehogs that had been rescued – they eat kitten food and mealworms – and weigh them to check they were progressing well. Once the hedgehogs were recovered, they were reintroduced to their natural habitat.

“That was a really interesting homesit” says Paula, “we enjoyed learning to handle and care for the hedgehogs, it’s not often you get to see these little creatures close up and we took great pleasure in being able to help with their recovery.”

 

Paula and Gavin prefer to be in the countryside rather than the town as they enjoy walking. While the couple’s own home is a small bungalow, often the homes they stay in are grander. They sometimes have swimming pools, table football or pool tables too so there is always something to do regardless of the weather.

Paula recalls one of her favourite homes, “It was like staying in a National Trust property, the gardens were very well kept and beautifully laid out, there were ponds and statues. It was such a pleasure to be able to step out of the house straight into that beautiful setting.”

 

Homesitters Ltd are different to many other pet sitting agencies in that all their homesitters are employed by them, are fully vetted and insured, plus they provide 24/7 back up support for homesitters on assignment. Homesitters also meet clients and their pets beforehand to be briefed on the home and the pets’ routine to ensure the assignment goes smoothly.

For more information on Homesitters Ltd and to apply to become a homesitter visit: www.homesitters.co.uk

Home Improvements, Homeowner Advice, Property, Property News

How To Finance A House Extension

Before we dive into financing options, it’s important that you understand the costs associated with a house extension. The average cost of an extension depends on several factors such as the size of the extension, the materials used and the level of finish you want.

According to the Royal Institute of Chartered Surveyors (RICS), the average cost of a single-story extension is around £30,000 to £50,000 whilst a double-story extension can cost anywhere from £50,000 to £90,000.

Therefore, financing a house extension can be a tricky task due to the amount of capital required.

What Are The Financing Options For A House Extension?

1. Remortgaging

Remortgaging involves switching your existing mortgage to a new lender or a new deal with your current lender. By remortgaging, you can release equity in your home to finance your extension.

This means you’ll be borrowing more money than you currently owe on your mortgage, which will increase your monthly mortgage payments. However, the advantage is that the interest rate on a mortgage is usually lower than other forms of borrowing.

2. Home Improvement Loan

A home improvement loan is a secured loan specifically designed for home improvements. You can borrow a fixed amount over a fixed term and pay it back in monthly instalments.

The interest rate on this type of loan is usually higher than a mortgage but lower than a credit card or personal loan. If you want to use this type of finance option, you’ll need to speak to a broker that offers home extension loans.

3. Personal Loan

A personal loan is an unsecured loan that can be used for any purpose such as a house extension. The interest rate on a personal loan is typically higher than a mortgage or home improvement loan but lower than a credit card. It’s also available from a range of lenders, including banks, building societies and online lenders.

4. Equity Release

Equity release is a way to release some of the value in your home without having to sell it. There are two types of equity release: lifetime mortgages and home reversion plans.

With a lifetime mortgage, you borrow against the value of your home but you don’t have to make any repayments until you die or sell your home. With a home reversion plan, you sell a percentage of your home to a provider in exchange for a lump sum or regular payments. Both options can be expensive and the interest rates can be higher than other forms of borrowing.

What’s Involved To Extend A House?

Once you’ve decided how to finance your house extension, it’s time to plan and execute the project and below are some steps to follow:

1. Get Planning Permission

Before you start any work, you’ll need to get planning permission from your local authority. This is a crucial step in extending your house because it ensures that your project complies with local planning regulations and won’t cause any harm to the surrounding environment.

Planning permission is required for most house extensions and you’ll need to submit an application to your local authority detailing the proposed work, including plans, elevations and site location.

To ensure your planning goes smoothly, it’s highly recommended that you hire an architect. Although an architect’s fees can be costly, it’s a worthwhile investment to ensure you get your planning permission.

Once submitted, your local authority will review your application and consider factors such as the impact on the local area, the size of the extension and any potential issues such as access and parking. The process can take up to eight weeks and it’s important to note that some applications may be subject to further review or appeal.

2. Set a Budget

Once you have planning permission, it’s time to set a budget for your extension. This will depend on the size of the extension, the materials used and the level of finish you want. It’s important to be realistic about your budget and to factor in any unexpected costs, such as planning fees, building regulations and professional fees.

It’s also worth getting multiple quotes from builders and tradespeople to ensure you’re getting a fair price.

3. Choose Materials

The materials you choose for your extension will depend on your budget and the style of your home. You’ll need to consider factors such as the cost, durability and maintenance requirements of the materials, as well as their impact on the environment.

Some popular materials for house extensions include brick, stone, timber and glass. It’s worth discussing your options with your professional to ensure you choose materials that are appropriate for your project and meet your requirements.

4. Prepare the Site

Before any construction work can begin, the site will need to be prepared. This involves clearing the area, installing temporary fencing and creating access for machinery and equipment.

It’s also worth considering the impact of the extension on your neighbours, such as noise and disruption. You should communicate with your neighbours in advance to let them know about the project and to address any concerns they may have.

5. Build the Extension

Once the site is prepared, construction work can begin. This will involve digging foundations, constructing walls, installing windows and doors and adding any fixtures and fittings. It’s important to ensure that the work is completed to a high standard and that all regulations and safety standards are met.

During the construction phase, it’s worth staying in regular contact with your builder to ensure the project is progressing as planned and to address any issues that may arise.

6. Final Touches

Once the construction work is complete, it’s time to add the final touches to your extension. This will involve painting, decorating and installing any fixtures and fittings, such as kitchen units and bathroom fixtures. It’s important to ensure that the finishes are of a high standard and that they meet your requirements.

Conclusion

Extending your house can be an exciting project that can add value to your home and enhance your living space. However, it’s essential that you plan the project carefully, set a realistic budget and choose the right financing option.

London, Property, Property News, Retirement

Trevor is loving life at My Future Living Retirement Rental Property

When Trevor Worrell aged 67 years downsized to a one-bedroom flat in retirement development Marlowe Lodge in Croydon through My Future Living it feels like he has finally found a community where he belongs.

After taking early retirement aged 40 from his job as a technician officer for London Underground, Trevor stayed living in Clapham for many years so he could be close to his father and look after him.

Originally from St Andrew in Barbados, Trevor enjoyed living in Clapham as it was an easy commute to his job.

However, after 30 years, he felt it was time to slow life down and move to a smaller place which didn’t need so much maintenance and made the tough decision to relocate and rent an apartment in a retirement development in Croydon.

Being within an easy distance to Gatwick airport was important as he used to travel a lot to see family and friends in Barbados.

Trevor comments: “I don’t travel so much now since covid, but I am so happy here it suits me well. There are 24 of us at the development and we all know each other very well, which means there’s always a friendly face around and I feel like we’ve got our very own little community.”

In the summer months, the residents of Marlowe Lodge gather in the beautifully landscaped gardens, around the oversized table for drinks and use the lawn for games of croquet.

As a single man, Trevor enjoys the company of the other residents. He says, “There’s always something going on and I never feel like I live here on my own. We have film night and fish and chip night in the communal lounge every Friday.”

Trevor enjoys the benefits of an assured tenancy through My Future Living which gives him peace of mind as he has protection from eviction and can stay in his home for as long as he wishes (providing he sticks to the terms of his tenancy). Plus the freedom to give the required notice and leave at any time if he wants to.

Trevor says he’s got everything he needs nearby: “There’s a doctor’s surgery next door, a barbers two doors down and the local supermarket is just opposite. I don’t need to venture far but there’s a bus stop close by which is handy when I want to go out for the day and visit my social club in Clapham, where I am still a member”

Trevor adds: “I don’t have any plans to leave Marlowe Lodge as I feel happy and settled. This place ticks every box for me plus I feel like I have my friends around me and the communal lounge is a lovely welcoming place to sit and chat to whoever is passing. “

To find out more about renting a home in a retirement development visit: www.myfutureliving.co.uk