THINKING of investing in a property to let? In association with ARLA, the association of residential letting agents, we offer the following advice The dos
DO - Think of buying to let as a medium to long term investment. DO - Seek advice from an ARLA letting agent on local market demands. DO - Get your sums right. Will the rent cover borrowings and costs, after allowing for void periods? DO - Decorate, fit out and furnish to high quality standards, especially kitchens and bathrooms, to attract the best tenants and let quickly every time. DO - Use an ARLA member as your letting agent. They are bonded, hold Professional Indemnity Insurance to required standards, have been in the business for a minimum of two years and are kept up to dat ewith the latest legal and regulatory requirements. |