This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
A run has been put off. A small glass of wine has been poured. A chocolate bar wrapper is all that remains…
2016 is already 7 days old. For many of us, New Year’s resolutions have already been broken. However, there is still time to make amends!
Whether you are a landlord, agent or would-be property investor, using the following checklist can see you set yourself up for a successful New Year-whatever the status of your previous resolutions!
As always, planning is paramount to a successful outcome, whether selling, purchasing or renovation a rental property.
Owning in 2016
For those looking to invest in a property in 2016:
- Make sensible goals on how much deposit you will save and by when
- Draw up a budget to help make goals
- Set a maximum price
- Think about moving savings into a high interest ISA
- Talk to a lender about the amount you can borrow
- Locate and research your target area
- Compare house prices and typical rents
New Year’s Property Resolutions
Selling in 2016
- Look at listings and sales prices in the local area
- Make relevant improvements and renovations to the property
- Update tired features
- De-clutter, put things into storage units and throw away tat!
- Tidy and clean gardens
Renovating in 2016
- Make a realistic budget
- Decide what can and can’t be done to the property
- Leave any expertise to the professionals!
- Enjoy it! Choosing features from cushions to curtains should be a fun factor as your new decoration begins to take shape
