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All new and replacement windows need to comply with strict new regulations which are rigorously enforced,[url=http://duveticadoudoune.halod.com/][b]Doudoune Duvetica Pas Cher[/b][/url]. Landlords are not the most popular of neighbours. Someone will report you,[url=http://parajumpersoutletjackets.webmium.com/][b]parajumpers vest[/b][/url]. Then you have the double trouble of ripping out the inadequate work and starting over again,[url=http://monclerjacketsformenssale.albirank.net/][b]Cheap Moncler Jackets Womens Sale Moncler Jackets Mens Outlet[/b][/url].
Initial purchases are fraught with issues, simply to make them suitable for tenants. That leaky bath seal might be fine for a careful family, but tenants won take care. You end up with staining (or worse) on the downstairs ceiling. And insurance policies are for accidental damage, not to save your maintenance budget.
It always tempting to do things as cheaply as possible. We all try it once. But experience teaches landlords the value of foresight. Look at your building realistically. If you choose to have the whole place skimmed (plastered) that may well be a long-term investment in the building. In the vast majority of rentals, tenants won pay any more money for pristine plasterwork than they will for lined walls emulsioned the same colour.
Floor stripping can be an excellent idea except where noise is an issue and never on stairways. Tenants love stripped wood floors. They like less the cost of re-sanding and re-coating them when their friends came round wearing steel-tipped shoes,[url=http://woolrichdeutschlandarcticparka.albirank.net/][b]woolrich deutschland women online shop[/b][/url].
Liability for all repairs and maintenance
Landlords need to take maintenance seriously. All landlords should set aside between six and ten per cent of all the rent they receive for maintenance. It sounds like a lot but in reality, that barely enough to build a sinking fund for new boilers, internal and external decorating and the odd roof repair.
Because here the thing. Well cared for buildings take hardly any management time. The boiler shouldn always be playing up,[url=http://woolrichdeutschlandarcticparka.albirank.net/][b]woolrich deutschland women online shop Woolrich Parka Günstig outlet[/b][/url]. The roof shouldn leak. The toilet shouldn block or sinks overflow,[url=http://duveticadoudoune.halod.com/][b]Femmes Duvetica Soldes[/b][/url]. Knowing that you handed over everything in good working order makes it easier to know whether it the building or tenant causing problems.
Windows must work and have easy to operate mechanisms tenants won take the kind of care required to limp a rotten window frame through the winter. Plastic windows might be maintenance-free but slash the resale value of older buildings. French windows, glazed doors, etc must be safe and fitted with the appropriate glass. Tenants will hold you liable if they open up a well-loved artery as their hand goes through the front door because you hadn ensured that the glass was toughened/safety type glazing. Exterior paintwork should be done every three to five years and many buildings require the extra expense of scaffolding.
Wiring must be safe. Get any new purchases checked over by a well-qualified electrician and certified as safe. If you use the NICEIC and they happy with the installation, they provide a Landlord Certificate. Make sure that an electrician makes regular (say every two years) checks on the supply. And install a circuit breaker.
Tenants need a reasonable number of electrical sockets per room. Not providing what people are likely to need doesn mean tenants won use their TV/VCR, while simultaneously surfing the internet and printing documents,[url=http://peutereyjacketsuppliers.webmium.com/][b]Peuterey Jacket online[/b][/url], it means instead that your investment will be a spaghetti-like tangle of dangerous extensions and multi-plug adaptors.
Kitchens need adequate food preparation surfaces, tiled splash backs,[url=http://peutereyjacketsuppliers.webmium.com/][b]Peuterey men[/b][/url], a decent fridge,[url=http://parajumpersoutletjackets.webmium.com/][b]parajumpers outlet store[/b][/url], a cooker, plus hot and cold water. Make sure there a smoke alarm, a small fire extinguisher and a fire blanket as minimum fire safety standards. Those facilities can be placed within a very modest arrangement from any DIY store to a granite topped cherry wood masterpiece. What I would positively avoid are wooden work-tops of whatever quality. They are far too high maintenance for the average tenant. Who wants to rent a flat then spend their evenings oiling wood?
Where landlords have long leases, pay ground rent andservice charges
Flats have to be leasehold/shared freehold to work. This means that landlords have to worry less about the overall condition of the building itself as theoretically - a management company somewhere will be organising all this for you. As a leaseholder,[url=http://rogerviviershoesshoponline.webmium.com/][b]roger vivier shoes shop online Roger Vivier shoes outlet Roger Vivier on sale[/b][/url], you not only not responsible for the structure, you positively discouraged from impacting on it.
Service charges are pricey and often don include major works at all. If the management decides that a new roof is required, it will divide the cost between the units and issue a bill to each of its leaseholders.
I deliberately kept this lesson short. It one of the few topics that you will find a great deal of advice about. Your building has a twofold income stream. One is the rent. Two is the ultimate sale price. How you decide to juggle each is one of the benefits of being your own boss. They sometimes have free factsheets on building maintenance to order online. Be wary of taking advice on costly finishes from agents it not their money being spent. Alternatively, you may decide to do the bare minimum to the building and rent as is. It another of those judgement calls you can make for yourself. Whichever way you decide to go, the advice given here is a minimum to protect your investment and your tenants, which together, constitute your precious income stream. Not looking after either is a mistake and often downright illegal.
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