An empty rental property doesn’t have to be a downer. In fact, having some time between tenancies gives you the chance to optimise your investment’s rental yield, sales value, and future popularity.
That said, vacant homes do have some extra risks and management that you don’t need to think about when your property has a tenant.
This means that an empty buy-to-let comes with both opportunity and organisation, plus a varied menu of things to consider, including:
So whether you’re making improvements to turn a greater profit, or just keeping things in check until the next tenancy begins, this week’s blog is jam-packed with expert tips and tricks.
It’s always worth reviewing your property’s appeal to attract the highest calibre of tenants. By adapting to changing expectations, your investment will continue to give you sustainable and profitable returns.
Get in touch if you’d like some advice on the smart places to spend your money. High-paying long-term tenants are our goal for every landlord, and we’d love to help you optimise your rental.
Wear and tear gradually takes its toll on every property, and little things can go unnoticed over the years. But no tenant wants to live in a broken rental home, so wander around yours to see what needs fixing.
Some of these might seem like minor details, but the comedy of a wobbly door knob coming off in the hand of a potential tenant can soon turn into doubts about what else might fall apart after they move in.
What would you pay more money for? A home that feels fresh, or one that feels stale? Of course, that’s a rhetorical question, so here’s how to breathe new life into the decor for a bright and airy atmosphere.
You really can’t beat a property that feels crisp and clean. As well as adding value, a sense of newness attracts the best tenants and gives them confidence that your buy-to-let is the one they want to live in.
As soon as your rental property becomes vacant, its daily welfare and all the bills switch back to you, so use the following checklist to avoid any unwanted surprises.
If any of that sounds like a chore, remember that a managing agent can do all of this for you. So, if you like the idea of delegating it all away while you get on with life, give us a call!
While your buy-to-let remains empty, there are some simple steps you can take to keep it inviting for viewings, minimise the risk of damage, and prevent intruders.
Having all this in place will give you valuable peace of mind: not just that your investment will look, feel and smell its best, but also that everyone entering your property will be authorised by you.
What’s next for your empty buy-to-let?
If you have a vacant rental property in the Wilton & Salisbury area and want to explore how much you can increase its income-earning potential, why not get in touch?
We’re here to help you maximise the performance of your investment, so call us on 01722 580059 or message us at email@example.com for a chat with one of our team.
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