Petersfield Landlords – Utilise Void Periods

Ideally, landlords don’t want void periods. When you have a void period, you don’t generate rental income, and this means you don’t bring in any money. If you depend on rental income to pay your buy-to-let mortgage, a period with no money coming in could place you at risk. Therefore, you should do what you can to minimise the impact of void periods.

However, if you do have void periods at your rental property, it is vital you maximise the return from this time. If you make the right changes at the property, you can set yourself up to deal with a better standard of tenant while improving the rental income you receive each month.

When a tenant is in your home, you often don’t have the chance to carry out major improvements. Therefore, when the rental property lies empty, you have an excellent opportunity to impose a new style on the place, and take care of the tasks that have been left unfinished for far too long. We are pleased to say we have helped many Petersfield landlords improve their rental property, and we have some tips which will likely be of benefit to you.

Carry out a deep clean in void periods

When the rental property has been cleaned to a high standard, you can be confident about attracting tenants. When potential tenants look through listings and see photographs of your property looking fantastic, they will stop scrolling and start paying attention to what you offer.

This may help you reach out to a better standard of tenants, or you could even charge a higher rental fee. It is vital you maximise the potential return of your property, and having clean rental premises is a fantastic way of achieving this goal.

Another strong benefit which comes from cleaning the rental property to a high standard is it increases the likelihood of your tenant maintaining this high standard. If a rental property is messy when the tenant moves in, they are not motivated to clean the property. However, if they enter a spotless property, they are far more likely to maintain this high standard. In the long-term, this provides you with less work to do, and it should better maintain the standard and condition of your rental property.

We know hiring a professional cleaning company to carry out a deep clean at your rental property incurs a cost, but it also provides benefits. If you are looking to increase your returns, this is a smart investment, and we can help you arrange the cleaning process at your property.

Carry out safety tests

You must ensure you offer a safe rental property. When you don’t have a tenant in place, you have an ideal chance to welcome qualified engineers to carry out tests. Your property should receive an annual gas safety test and if you supply electrical appliances in the rental property, it is worthwhile having these tested too.

If you are a Petersfield landlord and you need assistance letting or managing property, contact Williams of Petersfield and we will be happy to help.

Reasons To Sell Your Home This Winter

Selling your home is one of the biggest decisions you will likely make in your life. Therefore, you probably don’t have just one reason to sell your home, you will likely have a lot of reasons. While there will be personal reasons and circumstances which influence your decision to move, there are many common reasons to sell your home this winter, and if you are looking to sell, Williams of Petersfield is here to help.

We know that spring is traditionally the busiest time of year when it comes to selling homes in England. However, in recent years, there has been an evolution in the marketplace. The emergence of online property portals means it has never been easier for buyers to review homes from the comfort of their own home, or wherever they access the internet.

Winter is a busy time of year

You’ll find the run-up to the festive period, you are busy with a lot of things. The thought of preparing your home for a sale may be the furthest thing from your mind. However, as soon as Christmas Day is over, people are looking for their next adventure or activity, and moving home becomes a priority for a lot of people.

There is a phenomenon called The Boxing Day Bounce. It initially referred to the retail sector, with consumers spending a lot of money on Boxing Day sales. Nowadays, it refers to the huge influx of people landing on property portals between Boxing Day and New Years Day. Rightmove have issued figures for recent years which suggests there is a massive volume of buyers at this time, and this means vendors should hold an interest in selling their home.

Are you looking to sell your home in winter?

Some of the leading reasons to sell your home in winter include:

  • A reduction in competition in winter, as there are homeowners who don’t want to sell their home
  • There is a welcoming nature to good homes in winter, which means many buyers will fall in love with a property
  • If a buyer arranges to view a home in winter, it indicates they are committed to the process
  • With many buyers looking to involve their children in the buying process, there is a demand for viewings during school holidays
  • Anyone looking to enjoy a fresh start in the New Year should be motivated to start the sales process as quickly as possible

All these reasons are hugely important in why you may wish to sell your home in winter. There is demand for buyers, and you will likely have some motivation to move on. When these elements combine, it makes sense to act upon it, and enter the sales process.

While many people prefer to focus on Christmas, if you can balance these different aspects, you will enhance your chances of reaching out to a buyer.

If you’re looking to sell your home, contact Williams of Petersfield, and we’ll be more than happy to assist you. We are pleased to say we have assisted many local landlords in selling their home, and we are keen to help you, so get in touch today.

Make Your Home More Energy Efficient Before Selling

If you are selling your home, you should know you need an Energy Performance Certificate, an EPC. While this document is a legal requirement, it is also an extremely useful document. In a competitive market place, you need to make a compelling argument for prospective buyers to fall in love with your home. Continue reading “Make Your Home More Energy Efficient Before Selling”

Documents You Need When Selling Your Home

Selling your home isn’t easy, and there is a lot of work to do to ensure your property is ready to appeal to buyers. It is likely you are focusing on presenting your home in the right manner, and on the moving process. There is a lot of physical work needing taken care of around the property when you sell your home, but don’t overlook documents relating to administrative and regulatory matters.

There are documents you need when selling your home, and at Williams of Petersfield, we are here to help. We have helped many local homeowners sell their home, and we know how the process works. If you want a company who takes you from start to finish, while making the process easier for you, get in touch with us.

Documents you need include proof of identity

Before you sell your home, you need to show your solicitor identification which proves you are who you claim to be. Documents which provide photographic identification, such as a passport or driving licence, and something which states your address, such as a utility bill, is sufficient.

There are strict anti-money laundering rules in place, which require professionals in the industry to carry out these checks. If you are looking to sell your home, these documents are vital. Having them close to hand will speed up the process.

Basics first: to sell your house, you’ll need to provide your solicitor with some ID to show you are who you say you are. This is usually proof of your current address, such as a recent utility bill, plus photo identification (e.g. passport or driving license). Other documents may be accepted, so check with your solicitor or conveyancer beforehand.

You must provide the title deeds

It stands to reason that if you are looking to sell your home, you must prove you own the property. If you cannot find your title deeds, don’t panic. The solicitor who helped you buy the property should hold a copy, and if they don’t, your current solicitor should be able to obtain the official deeds from Land Registry.

Of course, if you don’t have them to hand, it may take some time to arrange copies or the official document, so this may slow down the sales process.

Freehold or leasehold?

Whether your home is a leasehold or freehold property, you should have documents stating what is appropriate. It will be helpful to have these documents available during the sales performance.

You must offer an Energy Performance Certificate

Vendors are legally required to provide the Energy Performance Certificate, EPC, for the property when selling it. If you don’t have an EPC in place for the property, arrange for the evaluation to be carried out.

At Williams of Petersfield, we are pleased to say we have helped many local vendors sell their home. If you need assistance taking the stress out of the sales process, get in touch and we’ll be happy to help.

Should I Buy And Sell Property At The Same Time?

It is perfectly natural for a homeowner to buy and sell property around the same time. If you already own a house and it is time to move on to a new one, it is very likely you need to sell property as well. However, if you are weighing up your options, is this the right approach to take?

You may feel as though you have no other option. After all, you need a place to stay, and you are only selling your current home because you are moving to a new one. If you didn’t plan on buying a new home, there would be no need to sell your current home. So, the process goes hand in hand, even if attempting both activities at the same time makes for a stressful time.

There are reasons to sell property before you buy

If you are looking to sell your current home before you begin the process of buying a new home, there are reasons to do this.

When you aren’t attempting to sell at the same time as you buy, you are in a stronger negotiating position when you sell. Some vendors have found themselves accepting a lower offer than they would like, simply because of the deadlines of the buying process. When you aren’t pushing through a property purchase, you have a stronger position to sell.

When you aren’t buying at the same time as you sell, you aren’t part of a property chain. This is a great asset to have when you eventually get around to buying a home. You will already have sold your property, be free of a property chain, and you’ll look more appealing to vendors. This factor alone may not make the difference when there are many bids in for a house you like, but it may.

Vendors want to avoid a chain, so if there is an acceptable offer from a buyer who isn’t involved in that process, their offer automatically carries additional weight.

Another reason to sell before you buy is you think house prices are going to fall in the near future. If you sell for a high price, and it then becomes more affordable to buy property, you can enjoy a profit on your home. You may use this money to buy a larger home, or you may put it to good use in other ways.

There are reasons to consider selling and buying at the same time

Of course, you must be aware there are reasons to sell and buy property at the same time. While there is a lot to be said for selling first and then buying at a later date if you believe property prices will fall, but what if the opposite happens?

If you sell your home and then house prices rise, you may not be able to buy the home you want, or you could find yourself priced out of the market. It is easy to see why many homeowners choose to buy or sell at the same time, because it minimises problems like this occurring.

There is also the fact many people would rather not rent. When you rent, you spend money that gives you nothing back, and it can be expensive. Therefore, it is best to coincide the buying and selling of property, so you can move from one house to the other.

If you are looking to sell your home, and you need guidance, please contact Williams of Petersfield, and we will do everything we can to assist you with the process.

How Much Rent Should I Charge Tenants?

While being a landlord can be lucrative, it isn’t an easy role. You have a lot of big decisions to make, and it is understandable many landlords need assistance. We aim to help you make an informed decision or decisions on matters such as rent, no matter your situation.

We know setting a rental fee is hugely important for landlords, and if you need guidance in this area, you are not alone. The question of how much rent should I charge is a familiar one for landlords, and it is one our clients ask us. We know it would be great to receive a high rental fee, but in today’s competitive market, this isn’t always possible.

Tenants are savvy regarding rent options these days

Tenants are savvy, and they research their options. If you overprice your rental property in comparison with other homes in the local area, it is likely you won’t generate much interest in your rental property.

You may think a small rental fee increase doesn’t matter much, but to tenants, it can be a lot of money. When your finances are pushed to the limits, an extra £10 or £15 a month adds up. Don’t forget that an additional £10 a month is equal to an extra £120 a year, and for many people right now, this is a lot of money.

How does your rental property compare to local options?

It is helpful to consider the local market, and what rental fees are in place right now. You should look at the average rental fee for your type of home in your area, but this doesn’t mean you should charge this fee. You should know how your property compares with the average rental properties in the area.

If your rental accommodation is better than the average rental home, you can justify charging a more significant rental fee. If your rental accommodation isn’t up to the standard of the average rental fee, you should look to charge a lower rental fee for your accommodation.

The condition of your home, the size of your home and the number of bedrooms on offer are important factors to consider when setting a rental fee. However, there are also factors outside of your control when it comes to the rental fee tenants are happy to pay.

  • You need to consider the following aspects when setting a rental fee:
  • Your location, and the availability of facilities and amenities nearby
  • Your location, and the demand for rental property in this area
  • Your location, and the supply of rental homes in your area
  • Whether the property is furnished or not

All these factors influence the right price for your rental fee, and if you need help in determining the best rental price for your needs, you are not alone.

At Williams of Petersfield, we are pleased to say we know the local rental market. Our knowledge and guidance provide you with insight, which helps you make an informed decision regarding your rental fee. If you are a landlord looking for help to serve your tenants, contact us today, and we’ll be happy to help.

Quick and East Home Cleaning Tips Brighten Your Home

You don’t need a special reason to clean your home. If you plan on selling your property, it makes sense to carry out as much cleaning as possible, but all homeowners should take steps to have a home they are proud of.

There is no shortage of cleaning products and materials to choose from. The cleaning industry is a massive business, and a lot of companies are keen to make as money from homeowners as possible. Not everyone is willing, or able, to spend a lot of money on cleaning products. Also, you may have a cleaning emergency to attend to quickly, and cant get to the shops for the best products.

Thankfully, many household items are hugely effective for cleaning your home. You don’t need to spend a lot of money to have a clean house, and you may not even need to step foot outside of your front door!

Lemons and sea salt scrubs up brilliantly

If you are looking to get rid of grubby marks or you need to remove stains at short notice, your best tactic may be close at hand. A mixture of lemon juice, water and sea salt is often all you need to get to work on a nasty mark or stain. Small spills can be eradicated in minutes, and if you are willing to apply some elbow grease to the task, you can have your carpet, rug or couch looking as good as new in the blink of an eye.

Baking soda has plenty of cleaning uses

No matter the problem you have, you’ll find baking soda is a great way to solve them. If you are planning on selling your home, you must focus on all the senses. It is easy to focus on making your house visually pleasant, but a home that buyers love will also smell fantastic. Baking soda helps to neutralise nasty whiffs and pongs, so you should be able to create a more appealing home.

Baking soda works well with vinegar

When it comes to removing marks, you’ll find that baking soda and vinegar works well together. This combination allows you to aggressively attack stains, scrubbing them into submission in next to no time.

You’ll also find a combination of baking soda and vinegar helps you to clean worktop surfaces, kitchen hobs and even a microwave.

Of course, if you want to make cleaning the inside of a microwave extremely easy, you should return to lemon juice. When you place a mixture of water and lemon juice into your microwave and let it run for a few minutes, all you need to do is wipe a cloth over the inside, and you’ll have a shiny microwave once again.

You also don’t need to invest in expensive brushes. If you are looking to clean your grout, use an old toothbrush. This is the ideal size to allow you to get into the gaps, and leave your bathroom looking fantastic.

If you’re looking to sell your home, Williams of Petersfield is here to help. We can provide you with a property valuation, and all other services, so contact us today.