Helpful Tips
If you are considering investing in the Scottish Residential Property market for rental purposes, here are some points to bear in mind before proceeding -
1 Location, Location, Location - it is extremely important to do your homework on the location of the property and the surrounding area. It may be quiet during the day, but what is it like at night? Does the street look clean? What facilities are close by?
2. Position - if you are interested in purchasing a flat, the preferred positions are first and second floors. Where possible try to avoid ground floor flats especially if there is no security entry, or top floor flats unless you have a comprehensive and detailed roof report.
3. Presentation - Tenants like a blank canvas to make their own home, therefore neutral tones and colours are key to renting quickly. It goes without saying that the property should be spotlessly clean.
4. Contents - white goods only. Due to the change in Landlord Tax relief, unfurnished properties are easier to maintain and will keep your return healthy.
5. Keep up to date with Industry Changes - Repairing Standard Safety Legislation has again changed and we will see a considerable change on how tenancies are set up and operated under the new Private Housing (Tenancies) Scotland Act 2016. Visit - www.scottishlandlords.com
For best practice and peace of mind, use a reputable local agent and look for landlord and tenant testimonials on websites.
For further free advice and assistance, contact us on 01382-480043 or 07976-271138.
