December 26

Regular Property Inspection - Make Sure That Your Rental Property Meets Safety Standards | Withoutestateagency.co.uk

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Regular Property Inspection - Make Sure That Your Rental Property Meets Safety Standards

As a landlord, performing inspections at regular intervals is an important part of the job. A good landlord-tenant relationship solely depends on the mutual co-operation and communication. And this type of behaviour especially applies while handling rental property assessment. This involves periodical reviewing of the property from the inside out and is always the best way to protect your property from any damages & also to ascertain that it meets the safety standards.
To begin with the process, make a checklist for your property and update it regularly after doing an inspection. Here are some important points that should be included in this checklist:
  • Smoke Detectors - As per the smoke alarm laws, it is mandatory that all properties should have smoke detectors in proper working condition. Checking it regularly by pushing the test buttons and ensuring that the alarm sounds is necessary to avoid any unwanted condition.
  • Railings - If your rental property in UK is having balconies or decks, it becomes vital to ensure that all the railings are properly set and are safe. And if these are made up of wood, it becomes more important to replace it as wood deteriorates over the years.
  • Stairs - Keeping the stairs in good condition is important to avoid slipping or falling. Removing the rotten wooden staircases & painting the others with a non-slip coating is the best way to avoid any mis-happening or hazard.
  • Door Locks - To provide the tenants with secure housing, proper locking doors are essential. It is good to inspect regularly that locks of all doors are working and to make it even better equip them with electronic locks.
  • Pest Infestation - Pests such as mice, rats, and cockroaches are unhygienic and can increase the risk of disease which generally lowers safety standards in the rental. It is the responsibility of the landlord to get rid of these things by adding a monthly payment to a local pest control company so as your tenants don?t suffer due to these unhygienic things.
  • Appliances - For the sake of safety and performance, it is good to regularly check the appliances that are installed in your rental property.  This, in turn, is a safe attempt to solve the issues before they become a serious one.  
Though as a landlord you may not be able to correct all the issues at a single time, but getting to them one by one is necessary to diminish the risk of an accident. Therefore make sure to perform regular inspections throughout the rental relationship & protect you and your assets in a better way.
December 26

Pre-Sale & Pre-Purchase Valuations - Key Factors to Consider for Fulfilling Commercial Property Dreams | Withoutestateagency.co.uk

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Pre-Sale & Pre-Purchase Valuations - Key Factors to Consider for Fulfilling Commercial Property Dreams

Buying & selling of commercial property is a huge hurdle especially for the people who are doing it for the first time. To help in making a better decision, it becomes essential to assess and evaluate the property. Understanding the local market factors is yet another way that helps you in making positive strategic decisions about the sale or purchase of your commercial property.
Taking advice from an expert also assists you in achieving the best potential and in identifying the accurate property market value assessment with a pre-purchase and pre-sale valuation. Now the question that comes in everyone?s mind is what actually terms pre-purchase or a pre-sale valuation mean?
This valuation basically provides a rough estimate of the property value taking all market factors into consideration. Market conditions, demand and supply of such properties, financial conditions and other factors have a strong impact on marketability & value of your commercial property for sale. This evaluation when done in a proper way also includes recent analysis of sales with surrounding comparable properties that helps in determining how much someone would have to pay for your property.
Do you really need a pre-purchase or a pre-sale valuation for your commercial properties? 
Whether you are a buyer or a seller, a reliable property valuation is necessary for both.
For Seller - This will help in gaining a credible assessment that enables you to decide on an accurate reserve price for your commercial property for sale, and to build up a thorough plan for the deal.
For Buyer - The assessment provides the buyer an idea of what all things can be considered during the purchase so as to make it within the budget range. 
If you are buying or selling a commercial property, considering this type of valuation will be a huge benefit. This valuation will help in making a smart decision when it comes to entering the real estate market along with providing a sense of confidence in the minds of customers.
December 26

Buying a Ready-to-Move Property - Many Benefits Over Buying an Under Construction Property | Withoutestateagency.co.uk

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Buying a Ready-to-Move Property - Many Benefits Over Buying an Under Construction Property

Buying a home or a property is a burdensome task in general. Most of us have to face many challenges in fulfilling this dream. Right from deciding the type of property that you want to buy, till getting the key of your new house, deciding every small thing plays a key role in the whole process.
In this fast-moving world, while everything needs to be done as fast as it can be, the same trend needs to be followed in home buying too. That is why people are now showing more interest in buying ready-to-occupy homes rather an under construction property. Let's take a look at some of the benefits of a ready-to-move property as compared to an under-construction house.
Immediate Key in Hand - This is one of the main benefits of buying a ready to move property. This means you don't have to wait to move into the house. Once the payment is done, the house is all yours!
No Disappointments - You get what you see! This is another major benefit of choosing ready to move property over under construction one. When you search a property for sale in the UK that offers instant move in option, it gives an opportunity to inspect the house before buying, so that you can very well decide and finalize it after inspection. This, in turn, diminishes the discrepancies with the house that is being promised with the prescribed layout, features, amenities and other things.
Reduced Cost - Opting for a ready-to-move house will provide some tax benefits when you take home loans. These benefits will also help you in reducing the expenditure of the rent and the EMI being paid for a longer time than expected if the construction of the property is not completed on time.
Verification of Legal Status - Since the construction of property is already completed, it will be easy for you to check whether the developer has a legal occupancy certificate or not. It is also advisable to consult your lawyer for the land title verification in order to save yourself from any future hassles.
Buying a property is always a big decision that requires a lot of money. If you're planning for a ready-possession property, explore your options and do your comparison well beforehand. Always make your buying decision by doing thorough checks on the realty firms and properly inspecting the developer's past projects.
December 26

Saving Money As A Student - Fruitful Ways To Manage Everything In Limited Budget | Withoutestateagency.co.uk

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Saving Money As A Student - Fruitful Ways To Manage Everything In Limited Budget

A student's budget is often very tight. Along with paying the loan instalments, an average student has to maintain finances to cover food, rent, purchase of expensive textbooks and many other things. When you start studying, it's worth weighing up the costs of living beside your budget and to look for different ways that can help you save money.
After being in university for three to four years, as a student, you usually learn the strategies of hardcore budgeting. It is, therefore, completely fair to say that you become masters of stretching pennies as far as they will go. But when you are taking the initial step in the direction of saving money, some tips and tricks are always required.
Use second-hand items - Go in a second-hand shop for purchasing the items that will be of no use as soon as you finish off your studies. This will save you from the unnecessary expenses.
Try using student ID for discounts - Never be shy in asking for these discounts. A number of retailers offer pretty money off on movie tickets, books and even on the bank fees to the students with a valid ID.
Shared Accommodation - Another best option to save your money is to search for a student flatshare in London. Residing in shared accommodation helps in reducing other costs and bills. 
Save money on food - Go for buying fresh fruits and vegetables from a local market rather than purchasing it from the supermarket. Sharing food costs and cooking meals with your roommates will also be helpful to cut costs and you'll get to know each other's tastes pretty quickly.
Reduction in power consumption - When you are renting a property you have to pay bills for the consumption of energy. One great way to save cost in these energy bills is to compare the cost of different providers. Depending on which energy company you are using, the costs for the power will vary accordingly.
These methods are sure short way to cancel daily expenses that have a tendency to add up. Also to gain fruitful results, assess your lifestyle and create a budget that works for you. Find unnecessary costs in your spending and cut them. If you still feel short of money, look for another opportunity to increase your income through a side hustle you'll enjoy.
December 26

Some Fruitful Negotiation Tactics To Help Your Score Best Property Deal | Withoutestateagency.co.uk

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Some Fruitful Negotiation Tactics To Help Your Score Best Property Deal

Property buying is one of the biggest financial decisions that you'll ever have to take, regardless of whether you're a first-time buyer or a property investor. When you're talking about spending a huge amount on it, getting the best possible deal is crucial.
Bargaining things are better, more so if the object of purchase is as important as your dream house. As the economic condition becomes alarming and the demand for property fades, those looking to buy a house can leverage the situation to get a fine deal.
When embarking on the purchasing process which entails negotiation investors need to ensure that they have all the obligatory ducks in a row before they get started. Here are some fruitful tips and tricks that might come in handy while negotiating the ask price tabled by the seller.
Stay clear on your deal points - If you're trying to get a chunk off of the asking price, as a buyer, you'll be much more successful if you can insistently discuss on a small number of items. In case you have many things to negotiate, there are high possibilities that you'll come off as unreasonable and impossible to satisfy.
Get educated - There are a lot many things that can be negotiated than just the price when you are looking to buy a property in UKGather information about the full range of items that are up for negotiation, as well as the implications of giving or taking on repairs, closing costs, contingency periods, closing costs and included items. In addition, collect full background information before you make or respond to an offer for a property purchase. Are there any more offers? How long has the place been on the market, compared with the area norms? These factors should be considered into an offer or a response.
No national rule of thumb - Always keep in mind that real estate is a hyper-local phenomenon; trying to negotiate on the basis of any thumb rule is not just naive, but will also increase the chances of offer rejection. Get thorough information about the local area's pricing trends and negotiation standard practices, as well as all the recent comparable sales data.
Aim for a win-win kind of situation - Try to develop a good rapport with the seller as it is imperative for a healthy real estate deal. Such a situation can only be achieved when both the parties feel that they have adequately met their objectives. The precondition to ensure a successful arbitration is to understand each other's needs and accommodate the goals of both the parties.  
All offers and counter-offers should be available in writing. When a jointly satisfying property price is reached, both parties should sign the offer to indicate acceptance. Forming the basis of the sales contract; sales price, any credits for repairs, allocation of closing costs, and a prospective closing date should be clearly detailed in the contract. And always make sure to analyze the offers that you have, and wait for a couple of weeks to get the best deal.
December 26

Unfurnished Or Furnished Apartment - How To Present Your Rental Property In The Market? | Withoutestateagency.co.uk

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Unfurnished Or Furnished Apartment - How To Present Your Rental Property In The Market?

When you are letting your property in the market, you are always keen to attract reliable tenants in a quick time. Whether your property is old or new, presenting it to the market in a perfect manner will ultimately pose a great impact on the people who are searching for rental properties.
Tenants circumstances also vary so as do of landlords thus, it is not necessary that what works best for one may also work the same for another. Therefore, here come the two conditions in which your property can be marketed. One is presenting your rental property in a furnished way and the other one is offering it in an unfurnished way.
Before making any decision on the same, it is worth speaking to the professionals to get a market overview.
One of the great benefits of this type of property is that people can move in a straight way without worrying about bringing the furniture. These properties in general, offer high-end interiors and appliances as well as attractive mod cons. 
  • Depending on the location and demand, it helps in renting the property in a quick time.   
  • These properties attract a wide range of tenants such as young professionals, those from overseas and 'lifestyle renters' who are looking for the best rental properties in London.  
  • Based on the standard of fit out such as high-end, luxury rentals crockery, cutlery, towels, bedding, and top end furniture, these rental properties usually obtain better amount when rented.
These kinds of properties are a good option for people who are looking to commit a long-term tenancy, personalize a rental home, bringing their own furniture - and interior decoration tastes - with them. 
  • As you are responsible for insuring tenants' furniture, this option helps you save a good amount in furniture expenses.   
  • As tenants usually rent for a long-term in this kind of property, it gives the landlord a complete peace of mind as they don't have to worry about searching for new tenants from time to time.    
  • Another important benefit of offering an unfurnished property is that you do not have to replace tenant's items that are damaged.
To furnish or not to furnish is a question that can only be answered when you have thoroughly researched about the property location. Consider the factors of both type of properties and make an informed decision so that it can lead to good earning from your rental property.
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