Energy, energy, energy – it seems to the buzzword of the day at the minute. With environmental issues dominating the news agenda, people everywhere are starting to look at how they can be more energy efficient and ‘green’.
This includes landlords, who can carry out a number of measures to ensure their rental properties are up to scratch when it comes to improving energy efficiency.
2015 has been a typically busy and eventful year in the lettings industry and 2016 looks set to follow the same trend.
We take a look below at some of main things landlords should look out for in the next 12 months.
After another busy autumn period the local rental market remains in rude health as landlords continue to benefit from a shortage of rental property stock.
In fact, according to new research, the average residential rent in Scotland is now 1.6% higher than 12 months ago. This means the typical landlord is generating an additional £9 per tenant, per month when compared with October 2014.
As a landlord, there are a number of bodies and groups you can become a member of or turn to for advice and support. But who are these bodies and what do they offer?
Scottish Association of Landlords (SAL)
Supporting and representing the interests of all landlords and letting agents throughout Scotland, the SAL campaigns for the recognition of landlords as an actual profession.
Working from home is becoming an increasingly popular phenomenon as people all over the UK choose to shun the daily commute.
Overcrowded trains, high parking costs, traffic congestion and the stress often involved in travelling into work are all reasons why one in seven Britons opt to turn their home into an office.
Void periods are a landlord’s worst nightmare. These are the times when your property is unoccupied, therefore earning you no rental income, but you still have to cover the costs associated with being a landlord, such as mortgage repayments and general property maintenance.
If you’re thinking about entering the buy-to-let market or perhaps expanding your existing property portfolio, identifying the perfect investment will be the key to making sure it is money well spent.
While there are a myriad of things to consider and we would always recommend speaking to a local lettings expert first, here are three essential tips to get you thinking…
We’re often presented with lists and charts of the best and worst investment locations for property investors and while they always make for interesting reading, it’s sometimes difficult to decipher what criteria the ranking has been determined by.
Here at Letting Solutions we feel that one of the best ways to determine a truly profitable buy-to-let investment location is simply by looking in detail at the average yield.
A few weeks ago the Scottish Government launched a consultation period for its planned Code of Practice for Letting Agents.
The Code of Practice includes, amongst other things, a requirement for all letting agents to go through training before they can be added to a register.
In recent years the kitchen has regularly been voted as the most important room in a property. It has become the centrepiece of many homes. Thanks to the foodie revolution sweeping across Britain, aided and abetted by the boom in farmers’ markets/street food and the proliferation of cookery programmes on TV, people are spending more time in their kitchens than ever before.