Tag: #saletown
Manchester Residents: Home Security Tips This Winter
Unfortunately, when the nights get longer, this time of year can be open season for burglars looking to target your home. Now is the perfect time to review your home security and see what improvements you can make. Here are three tips to improve your home’s security. The simplest measures are the best Some of the most effective security precautions are simple and cost very little – apart from a bit of thought and effort. Such as: Make sure door and window locks are in good working order. Upgrade them if necessary. Don’t overlook garages, sheds and outbuildings, as thieves [...]
How to Do the Basics Brilliantly: Key Tips for Landlords in Manchester
Have you ever wondered how some landlords seem to run successful portfolios and others don’t seem to crack the rental property puzzle? In our experience, we’ve seen what the best do that the rest don’t. And the answer is surprisingly simple; they do the basics brilliantly. The best landlords have weathered many storms over the years, from interest rate rises and market turmoil to regulatory and tax changes. And they’ve seen countless Prime Ministers, Chancellors and Housing Secretaries (there’s been a revolving door in that department) come and go. The key learning here is they don’t get too worked up [...]
Manchester Landlords: Top Tips for Buying a Fixer-Upper
When considering the purchase of a ‘doer-upper’ – a property that requires refurbishment – landlords are often faced with a Shakespearean (ish) question: “To buy, or not to buy?” It’s an important decision where you must weigh up several important factors before choosing to invest or not. Below are five key considerations to keep in mind: Budget for refurbishment Before purchasing a doer-upper, make sure you budget accurately for the refurbishment work. You must account for not only the obvious repairs but also any hidden issues that may arise once work begins, such as damp or structural problems. A detailed [...]
Three Helpful Apps for New Homeowners in Manchester
There’s nothing quite like becoming a homeowner for the first time. Stepping over the threshold into a place you can call your own is one of life’s memorable moments. However, as well as coming with a host of benefits, home ownership also comes with responsibilities. Unlike renting, where someone else handles the maintenance and most of the upkeep, these duties now fall to you as the owner. Thankfully, many useful apps are available to make life easier and less stressful for homeowners. Here are three of the best. Centriq This clever home maintenance app means you’ll never have to search [...]
The Biggest Challenge Facing Manchester Landlords Today – And How to Tackle It
One issue, above all else, causes landlords sleepless nights. Can you guess what it is? Could it be maintenance and repairs? Or maybe it’s worrying about the rent being paid on time? If you answered one of the above, thanks for playing, but you’re mistaken. The biggest challenge landlords currently face is abiding by government regulations. In a recent survey*, 67.5% of landlords said complying with red tape was their most significant hurdle. (This figure was up from 39% the year before, a clear indication of growing concern about the issue.) And when you think [...]
How Mortgages Differ around the World – A Guide for Manchester Homeowners
If you’re paying off a mortgage on a property in Manchester, you’ll be well aware of how the mortgage market works in the UK. But how do they do things in the rest of the world? Let’s look at how people in other countries get on the housing ladder. The Netherlands While UK lenders offer the choice of a fixed-rate or variable mortgage, the Dutch do things differently. A Dutch-style mortgage is a long-term deal (typically 20 to 30 years) in which the interest rate automatically decreases as the loan is paid down. This means the [...]
Declaring Details: How Correct Information Can Save Manchester Landlords Thousands
For Manchester landlords, having the right insurance coverage is not just a box to tick. It’s an essential safeguard for your investments. But simply having insurance is not enough; understanding the policy’s specific requirements and declaring everything accurately is crucial. In the following cautionary tale, we’ll explore a real-life incident involving a landlord who learned this lesson the hard way. The names and details have been changed, but the lessons remain valuable for all landlords. The story A diligent landlord, let’s call him Martin, was confident he had secured the right landlord’s policy with a reputable insurance company. He was [...]
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 it. Timing As we all know, property sales can take time. There are lots of hoops to jump through and boxes to tick before you get that money into your bank account. If you’re moving away [...]
What to Consider When You’re Pricing Your Manchester Rental
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 property. Compare The first thing to look for is properties that are similar to [...]
Should You Invest in a Turnkey Buy-to-Let or a Renovation Project in Manchester?
Whether you’re an established landlord or a first-time investor, you’ll probably be thinking about what to buy: a ready-to-go rental or a doer-upper. Which one should you pick? Currently, lots of changes are being made around rental rules, and reports claim that many landlords are selling up. However, there are still plenty of investors making their move into the rental space. And with the UK facing a possible decline in house prices, now may be the right time for you. But what do you buy? A turnkey rental is one that is ready for tenants to move [...]
Why a DIY Tenancy Agreement Could Be Disastrous for Manchester Landlords
Why a DIY Tenancy Agreement Could Be Disastrous for Manchester Landlords 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, but if [...]
Great Storage Tips to Help You Declutter Your Manchester Home
Close your eyes and picture your dream home. What do you see? A home that’s light, spacious and orderly? Or one that’s chaotic and cluttered with objects piled high and shoes and clothes strewn on the floor (along with bits of Lego that you inevitably tread on). The first scenario is the one that most people aspire to – and for good reason. Research shows that when our environment is tidy, we’re less anxious and more productive. In contrast, we feel more distracted and stressed when everything around us is in disarray. But creating a mess-free, [...]
How to Make Your Manchester Tenancy a Happy One
As a landlord, as well as managing the finances, the property, and any repairs or maintenance, you must also remember to look after your tenants. While 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 between tenants; however, you can try to avoid future rows by setting out clear advice [...]
Why Self-Managing Your Manchester Rental Could Be a Costly Mistake
Why Self-Managing Your Manchester Rental Could Be a Costly Mistake Not since 2008, when Katy Perry stormed the music charts and Gavin and Stacey ruled the small screen, have interest rates been as high as they are today. As a result, many mortgage holders are looking for ways to trim their outgoings to ease the financial burden. Homeowners are putting DIY projects on the back burner and reducing their spending on holidays and takeaways, while some buy-to-let landlords are toying with the idea of self-managing their rental portfolio (despite the fact agent fees are tax deductible). But while [...]
Choosing a Letting Agent: What Manchester Landlords Need to Know
How can you spot a top letting agent from a master of mediocrity? Read on to find out. Landlords use letting agents for all sorts of reasons. Some need help navigating red tape and lettings legislation, while others want a third party to deal with inspections, inventories and disputes. And some just want peace of mind and to know that their investment property is being managed by a safe pair of hands. Whatever your motivation as a landlord, once you’ve decided to use a letting agent, it’s important to choose a good one. Here are [...]
Renting a Property in Manchester? Find Out How to Get Your Repairs Sorted
Problems in the home are a nuisance. Like when you’ve got a leaky tap and the drip drip drip drives you to distraction, or when your fridge packs up and food goes to waste. When things go wrong, it’s understandable you want them fixed ASAP. But what if you’re a tenant? What’s the best way to get an issue resolved? Repairs and maintenance in a rental property are usually a landlord’s responsibility. As a tenant, you’ve got to wait until they sort it out, so what’s the best way to communicate with your landlord? How can you get them [...]
How Manchester Landlords Can Ensure a Tenancy Gets Off to a Good Start
If you’re a landlord about to settle a new tenant into a property, there’s one phrase that should be your guiding mantra: “Start as you mean to go on”. Because what you do in the early stages of a tenancy will help define what unfolds over the next weeks, months and possibly years. Get things right, and you’ll build the foundations of a long and successful tenant-landlord relationship (the kind that all landlords dream of). Get it wrong, and you could be in for a bumpy ride that absorbs much of your time and energy and leaves you stressed and [...]
What Manchester Landlords and Tenants Need to Know about Home Security
It’s not just birds, bees and butterflies that come out in force in summer – unfortunately, burglars step up their activity, too. With many people going away on holiday (leaving homes empty) and others opening their windows and doors when temperatures rise, burglary rates spike in summer. So, how can tenants and landlords stay one step ahead of the crooks and avoid the financial and psychological cost of a break-in? The answer is to be vigilant and work together. Tips for tenants Always check that you’ve locked all windows and doors before leaving home. If the [...]
Guide to Garden Maintenance for Manchester Landlords and Tenants
Garden maintenance can be a thorny issue between tenants and landlords, so here’s a useful guide to help avoid confusion. Now that spring is here, there are lots of tasks to be done in the garden, such as watering, weeding and mowing. But if the garden is part of a rental property, who is responsible for doing them? That’s a question that has vexed many tenants and landlords over the years (garden maintenance is the cause of about a quarter of all deposit disputes*). So, here’s an outline of responsibilities for maintaining outdoor areas at a rental property. But first… [...]
Update: What the Renters’ Reform Bill Means for Manchester Landlords
After a four-year wait and lots of speculation, a wide-ranging plan to overhaul the rental sector was finally presented to Parliament this week. The Renters’ Reform Bill includes changes to eviction laws, the creation of a Private Rental Ombudsman to resolve disputes and measures to speed up the existing court process. The bill will now be scrutinised by MPs and members of the House of Lords, so is subject to change. But here’s a brief rundown of the proposals as they stand and what they mean for landlords. If, after reading it, you’d like to have a more detailed conversation [...]
What Manchester Landlords Need to Know about Condensation and Mould
How can landlords and tenants combat condensation and mould? Read on to find out. Condensation and mould The two are often bundled together because if you’ve got condensation, there’s a good chance it won’t be long before you’re battling mould. Condensation can be caused by warm air hitting cold surfaces or by lots of humidity in the air. The air cools and droplets form, creating a damp environment – and a perfect breeding ground for mould. Mould grows in black, green or brown spots. It’s most commonly found in bathrooms and kitchens but can thrive in any damp or humid [...]
Five Ways to Be a Great Manchester Landlord
As a landlord in 2023, it’s fair to say there are a lot of challenges on the horizon. From changes to rental rules, tax upheaval, mortgage mayhem… it’s all going on. But the first thing to remember is your tenants and their experience of your property. It’s all too easy to move new people into your vacant rental and forget about them until a problem arises. So why not try and make the tenancy run as smoothly as possible from the outset? In this three-minute read, we look at five priorities a landlord should consider. Create a [...]
How to Stop Vermin Invading Your Manchester Home
What’s cute, has a bushy tail and could cause thousands of pounds worth of damage to a rental property? Unfortunately, as sweet as they may seem, squirrels and their nests can be a nightmare for landlords and tenants. Once those little grey beasts make themselves at home in a property, you’ve got trouble ahead. A report by general insurers LV= found that claims caused by squirrel infestations jumped up by 51% last year. Why do the furry critters do so much damage? Squirrels’ teeth never stop growing, so they chew and chew and chew some more to file [...]
How the Cost-of-Living Crisis Is Impacting Manchester Rents
You can’t open a newspaper (or app) without seeing something about the UK rental market. Whether it’s the increase in demand for property, changes to rent rules or landlords selling up – rentals are getting a lot of attention. And one matter that is causing a lot of controversy is the issue of rising rent. In a cost-of-living crisis, the increase in monthly rent is understandably worrisome for tenants, but are landlords really to blame? Owning investment property is a business, and for many full-time landlords, it’s their sole source of income. The same applies to one-off or [...]
How to Prepare for an End-of-Tenancy Inspection in Manchester
It’s widely recognised that moving house is one of the most stressful (and annoying) life events you can experience. If you’re nearing the end of a tenancy agreement, there are a few things you can do to ensure your check-out inspection goes well and (upon moving out) you get your tenancy deposit back in full. In this quick read, we go through ways to make moving out easier for you and your landlord. Report issues or breakages early Let your landlord or managing agent know in advance of any damage that has occurred – whether it’s [...]
How to Keep Your Manchester Home Safe
Some days, it’s like your home is a minefield of accidents just waiting to happen. You trip up the stairs with a pile of washing in your arms, you break your favourite mug, and to top it all off, you burn the toast. Not fun. While everyone wants a home that is safe and hazard-free, sometimes little mishaps can cause a whole lot of bother. So, how can we make our homes safer for all? In this quick read, we look at some of the most common accidents that can happen at home and share some tips to [...]
A Guide to Adapting Your Manchester Rental for Older Tenants
Older tenants are a growing force in the private rental sector, so is it time for savvy landlords to proactively target this demographic? It’s one of the most striking trends in the housing sector over the past decade. Between 2011 and 2021, the number of tenants aged between 45 and 64 skyrocketed by 70%, while those over 65 jumped by 38%.* A third of renters are now over 45. And due to high property prices and the challenges of getting a mortgage later in life, many in this group will stay renters their whole lives. What [...]
How to Make Sure Your Manchester Rental Property Is Safe
Many people are under the assumption that being a landlord is an easy ride. Get your tenants in, collect the monthly rent and that’s it, you’re laughing. Sounds like a dream… Unfortunately, it’s far from the truth, as most experienced landlords and agents will tell you. Unless you’re lucky enough to have long-term tenants, every time a new lot of renters move in, there are lots of checks to be made, forms to sign, letters to send and on it goes. One thing that should never be ignored or delayed are your annual safety checks. As a landlord, [...]
What You Need to Know if Your Manchester Landlord Decides to Sell Your Rental Property
As a tenant living in a rental property, you need to be aware of your rights. Fortunately, due to recent reforms in legislation, you’re now more protected than ever when it comes to matters of eviction and deposits. But what if your landlord tells you they’re planning to sell the property where you live? First things first, don’t panic. If you’ve signed a tenancy agreement, your landlord must stick to it, even if they’re planning to sell the property. In this quick read, we look at some questions you might have if your landlord decides to sell. [...]
How to Manage Multiple Rental Properties
How do portfolio landlords deal with the multitude of tasks and mountains of red tape that come with managing several properties? Read on to find out. Owning a portfolio of rental properties can be a great way to earn income and build up a tidy nest egg for the future. But be warned: you can’t afford to wing it. If you’re disorganised with deposits, rent payments, inventories and maintenance, you’ll wind up out of pocket. And if you don’t keep up with the hundreds of rules and regulations that apply to landlords, you could be fined [...]
How Manchester Homeowners Can Take Their Garden to the Next Level
If you’re planning to entertain friends or family at home this summer, check out the latest must-have garden gadgets and accessories. A two-minute read. Spending time in your own garden, be it pottering around alone or entertaining family and friends, is one of the true joys of summer. And there’s a host of products on the market to help you make the most of the experience. Here’s a list of what is proving popular at the moment. Garden fireballs – Fire pits were a hit last summer, but this year, it’s all about the fireball. Like a [...]
All You Need to Know about Double Glazing for Your Manchester home
Before you were a property owner, chances are windows were something you just looked out of to take in the view. You probably didn’t give them much thought and you might have cleaned them occasionally. That was it. Now, as a homeowner, your single, double, or triple glazing means so much more. And if you’re about to renovate a property or upgrade your windows, it’s worth diving into the fascinating world of double glazing to find out more. (Honestly, it’s pretty interesting.) In this quick read, we look at different types of windows and why they matter, especially [...]
