The Worst Things To Wake Up To As A Homeowner

With homeownership comes responsibility. This is the stuff of adulthood. If you live alone, the burden falls solely on you. But, even if you share with a partner, or have a family, there are things you need to tackle. In fact, having kids can only increase that sense of responsibility. After all, it’s down to you to keep the roof over their heads.

The most obvious things you’ll need to consider are the bills and mortgage payments. After all, without sorting those each month, you won’t have a home to protect. But, once those essentials are dealt with, there are plenty of other things to think about.

You will, of course, need to ensure the house is in top condition. This includes repairs and maintenance which every homeowner should take time for. Failure to do so could cause issues down the line. You need to think, too, about locking the house for safety. There’s no one behind you now, checking that you remembered to do it. So, most homeowners get into the habit of double checking the doors before they leave.

But, all our efforts to keep our homes safe don’t always work out the way we would like. Some things are out of our control and, as the head of the household, you’ll likely be the one who has to deal with such issues. Often, these things come to the fore during the night, or in the morning when you wake up. These are times, after all, when you can’t keep an eye on everything that’s happening.

Anyone who’s had a home on their shoulders will know the feeling of waking up and finding something’s wrong. It’s a sure way to shake off the sleep, that’s for sure. And, while you can never prepare for such eventualities, you can at least make yourself aware of what you might wake up to. Read on to find out some of the most common issues.

Bumps in the night

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This is top of the list because it’s probably the most common nightmare fear for the majority of homeowners. If you live alone, it’s likely you worry about this fairly often. But, even when you have a family around you, this can be a concern. You can ease that in a significant way by installing burglar alarms which connect straight to the police. But, even with these in place, you may have to wait for a response.

It’s important to note that every house has its bumps and creeks. It could be the heating kicking in, or the door frames contracting in the heat. In fact, the majority of the bumps you will hear in the night are likely to have innocent causes. Get to know the sounds of your home so that you’re not jumping up each time something happens. Sometimes, though, that much-dreaded bump does happen. And, when it does, it can be hard to know the best plan of action.

Your first thought may be to investigate, and that makes sense. After all, you don’t want to call the police because a pan fell off the draining board. But, rushing downstairs could put you at risk. Instead, listen further. If there are no more sounds, it probably wasn’t anything serious. If you hear more, try to get closer, but remain a safe distance away. Standing at the top of the stairs, for example, will ensure you can hear an intruder. It’s also worth keeping a phone next to your bed. This is added security and ensures you can call for help if you do hear a much-dreaded break-in.

Fire

Many of us also dread waking up to fire. Yet, whenever you hear about bad house fires on the news, they always tend to happen at night. It’s enough to send shivers down your spine. But, there are safety measures you can take to ensure that no fire gets out of control before you wake. By installing fire alarms, and replacing the batteries often, you’ll be alerted as soon as a fire breaks out. If you aren’t convinced, bear in mind that three out of five home fire deaths happen in houses without adequate alarm systems.

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Of course, the alarm doesn’t put the fire out for you. Hence, it’s also worth stocking up on fire blankets and keeping them close to hand near problem areas. Kitchens are an obvious hotspot, but it’s also worth keeping at least one of these in your other rooms.

A knock on the door

Nighttime knocks on the door are rarely a good thing. Anyone who has experienced them will know the heart-pounding fear of being woken in this way. But, before you open the door to anyone at nighttime, it’s essential you know who they are. Speak to them through the letterbox. Ask for identification before you even think about letting them into your home. If you live alone, it may also be worth letting a loved one know you’ve got unexpected company. Strange as it seems, this communication could help you if these people aren’t who they say they are.

Wind damage in the garden

Of course, it isn’t all about the things which wake you up in the night. Waking up in the morning can have its surprises, too. If the weather was extreme during the night, you might come downstairs to some destruction. Fallen fences, trees, and even roof tiles can cause significant stress. This is especially true if any of them have damaged your neighbor’s property. If your fence has fallen on their side, it’s essential you go round straight away and come to an agreement. Otherwise, you open yourself to legal issues. Once that’s sorted, it’s vital you clear the mess as soon as possible. Even finding a temporary way to support your fence is better than leaving it down. After all, leaving it down is a safety risk more than anything.

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If your roof is damaged, you should also tackle this issue as soon as you can. Leaving areas exposed could do real damage, and cause problems such as damp in the home. To make sure it doesn’t happen, phone companies like Wildwood Roofing as soon as you can. They’ll be able to make any necessary repairs, and ensure those missing tiles don’t leave your house lacking. Think, too, about clearing fallen trees, or putting them out of the way until you can get to the root of the problem.

A cold house

No one likes to wake up to a cold house. Leaving the warmth of your bed for a cold dash to the bathroom is never a pleasant experience. But, it’s even worse if there’s a problem with your heating. Perhaps you have it set to come on, but it didn’t kick in. Instantly, you think the worst. But, the best thing to do in this situation is to stay calm. There is all manner of reasons why this could happen, including a sudden drop in boiler pressure. Of course, you need to remember that gas is a risky thing to play with. Take a look, and see if there’s an obvious solution to the issue. If not, don’t hesitate to contact a professional who can take a look for you. And, don’t panic; it’s unlikely you need a whole new boiler.

Drips and drops

And, of course; let’s not forget the feeling of waking up to an unfamiliar dripping. As mentioned above, every house has its noises, and you become accustomed to your own. Which is why it can become very obvious reasonably fast when a new sound joins the orchestra. In truth, leaking pipes can become a problem at any time of day. But, we often don’t realize the issue until the silence of the morning. Plus, overnight, a fair amount of water has time to collect. So, as well as dealing with the drip itself, you’ll likely have to cope with the mess it’s made.

The first thing to do is find the source of the dripping. Once you’ve determined the severity, you could turn off the water valve and fix it yourself, or get a professional to do it for you. The good news is, many leaking pipes are easy enough to fix. Do some research online and consider whether this is an option. If you have any doubts, though, get someone who knows what they’re doing. There is a multitude of emergency plumbers out there, and they can ensure you don’t turn a drip into a splurge of water.

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In conclusion

As you can see, there are a fair few things which could give you an early morning shock. And, this is by no means an exhaustive list. But, knowing about these possibilities shouldn’t keep you awake at night. Most homeowners never experience such issues. Even if you do, we’re incredibly skilled in coping with emergencies. As mentioned above, you can also prepare by installing alarm systems and emergency procedures. With these in place, you should still be able to sleep like a baby.

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Improve Your Home With a Prefab Building

Expanding your home can be a costly and time-consuming mission. You need extra space for whatever reason, but you’re unsure about undertaking such a big project. Whether you need storage space or you want a workshop to use, there could be an easier way for you get the space you’re after. Instead of building an addition to your home, you might want to consider whether you can benefit from a prefabricated building instead. A prefab metal building offers a range of excellent uses, and it’s quick and affordable to construct. In fact, with a few friends to help out, you can put it together yourself.

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Easy to Construct

One of the best things about a prefab building is that it’s easy to put together, as well as more affordable. With a metal building kit, you can construct your prefab building without professional help. Of course, you could pay someone to put it up for you, but it’s not essential. If you’re worried about building on the land you have available, you can ensure everything is stable using aggregate piers, which help to strengthen the foundations – you can learn more from Helitech. You can get buildings of all sizes too so you can find the right one for the space you have available.

Increase Your Living or Storage Space

Prefab buildings can be used for a range of purposes. No matter what you want it for, you’ll be able to build one in no time. Perhaps you want garage space to store your car or maybe tools and equipment. You might want to build a workshop for woodworking, metal work or other crafts. Or perhaps you want to increase your living space and create a “man cave” or even a guest cottage. There’s so much you could do with a prefab building, and you could do it much quicker too.

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Create an Attractive Addition

People often worry about what a prefab building is going to look like as part of their home. You might have concerns about it sticking out or looking ugly. But prefab buildings can look just as beautiful as any other building. Take a look at some examples of prefab buildings that are available to rent or buy now. You can find stunning projects ranging from apartments to hotels that don’t compromise on looks. There’s no need to worry about getting a building that looks good. Although, if you’re happy with something plain and simple, that’s available too.

Simple to Remove or Replace

A prefab building can make an excellent permanent addition to your home, but it’s also possible to remove it if you want to. They can be easy to construct and also easy to deconstruct and remove or move to a different location if you want to. This can be beneficial if you only need a building for a while. Perhaps you need somewhere to live while waiting for your permanent home to be constructed.

A prefab building could be an excellent way to add space to your home while saving time and money. Don’t rule it out until you’ve considered its benefits.

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The Stress You Don’t Need When Moving Home

Did you know that many recent polls indicate moving home as one of the most stressful, if not the most stressful, events that can happen in a lifetime? Much of that stress is down to the process of selling and buying a home and the many legal or financial complications that can arise from it. But the actual moving day itself can play a huge role, too. A stress-free move isn’t impossible, however, and we’re going to look at problems that can get in the way of it.

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Moving through a mess

Organising all your furniture and possessions can already be enough of a struggle, but if you’re doing it with a lot of unnecessary additions then it becomes even more burdensome. The best way to make packing and moving much easier is to give yourself less to work with. Long before you start packing, do an inventory of everything you own in the house. There are plenty of ways to get rid of unwanted items, from selling them to donating them, as shown by Allianz. Clutter isn’t just going to give you more work, it’s widely acknowledged to be an inducer of stress, as well. Strip down your belongings to the essentials.

Doing five things all at once

Getting rid of your unwanted goods can immediately cut down the workload, but that doesn’t mean you’re not going to still have a lot of work to do. Rather than picking one task at a time to tackle out of a seemingly endless list of chores, make a moving schedule. Schedule a day for packing in different rooms, for getting in contact with your movers, for cleaning the house one last time and more. As packing can often take the longest time, it’s a good idea to get started with that before anything else. The clean, on the other hand, should be done as late as possible when you have fewer boxes obstructing the task. Managing your time well is crucial. Plan enough in advance, and you can escape the threat of a looming deadline.

Packing without a plan

Packing isn’t all about finding enough boxes to fit all your stuff. You can make both your life and your movers’ jobs significantly easier by taking a more organised approach as shown at Real Simple. For one, think about where your boxes are going to go and make it easier for them to find the right destination. Label them with the rooms that they’re supposed to be going to. You can make the system even more efficient by using post-it notes in different colours to differentiate them. Right before moving day, place them so they’re easier to move, with the largest boxes and furniture being as close to the front door as possible without getting in the way.

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Taking care of your own car

If you’re moving a short distance, such as in the same state or the same town, then driving your own car from the old home to the new isn’t much to worry about. You can even save some money by using your own space to transport some goods instead of using a larger removals van. However, if it’s a trip across state lines, then it’s well worth considering how services like Jayde Transport can help. It might cost a little more to use them, but having it transported for you allows you to take a plane instead of having to drive all day and all night. That gives you one less thing to worry about until you’re ready to pick it up from the depot.

Doing it alone

Depending on how much you have to move and how far you have to move, trying to go it alone can be difficult to the point of recklessness. It might include multiple trips and even multiple days to complete the move. By the time you’re done, you’ll be so exhausted that the prospect of unpacking becomes unbearable and your first night in the new home is a miserable experience. If you have the budget for it, it can save a lot of time and effort to hire a moving company. However, you can save money by asking friends to help, as well. Just make sure you get them a gift to show your appreciation if they do.

Having one plan

Always assume that your plans can go pear-shaped. If you’re planning on using a moving company, be aware that they might have to cancel with little warning. For that reason, always have a backup ready. Have a friend waiting on standby to help if you really need them. Check the availability of other moving companies and see if there’s one you could hire with very short notice. You might end up paying more, but it beats having to delay the move entirely if your initial plan falls through.

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Not having an overnight bag packed

You have to be aware of the fact that your move might not be complete within a single day, either. You could arrive before your possessions, especially during a cross-country move, or you could find yourself arriving when it’s already late in the evening and it’s going to be difficult to get the beds unpacked. Even if you don’t want to do it, plan for an overnight stay without the majority of your possessions. Bring sleeping bags and pack an overnight bag so you can stay comfortable and get some sleep even if you’re not able to set up in the new home just yet. Your overnight bag should also contain some of the most important documents proving you’re the new homeowner in case you arouse any suspicions.

Moving home can be stress-free, but that doesn’t mean it’s guaranteed. Make sure you’re in the best possible condition to deal with the hassle of moving day. That means getting a full night’s sleep beforehand and keeping yourself fed and hydrated for the ordeal to come. It can be trying enough already, you don’t need to be tired and starving on top of the stress.

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There’s Gold In Them There Hills: Finding Income From Property

As you get older, it becomes clear that to really secure your future and live comfortably, one job might not be enough. Those with real financial smarts look for other ways to find income. A second-job is one of the most time and energy inefficient ways of doing it however and just isn’t healthy for most people. Could property be the answer you’ve been looking for, instead?

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Becoming Mr. (Or Mrs.) Landlord

By far the most common thought when it comes using real estate as a source of income is to buy-to-let a property. It’s an industry as old as time and with more people turning to rental properties rather than buying homes straight-up, it’s a growing field with opportunities still out there for the taking. However, how profitable it is depends on how hands-on you are willing to be with it. You have responsibilities as a landlord that have to be fulfilled somehow. You can take care of maintenance, repair, advertising, and finding tenants yourself at little cost. Or you can choose to partner up with an agency that can do much of the heavy lifting for you. If you go down the latter route, make sure you get a thorough idea of how the agency works, not just in advertising, but the quality of tradesmen they use for repairs and so on.

In the biz

You don’t have to rent out to private individuals, either. Depending on where you are and the increase in new business, you could make more money per square foot by renting out space to business owners, as well. There’s a new industry growing around this as well. If you’re willing to run the building like a business and be thoroughly involved in its upkeep, you could run your own co-working space. Many freelancers and small teams that can’t afford their own property will instead come together to share a single working space. As a property owner, it offers you a broader market to target instead of relying on one income source.

Life’s a beach

The final rental property we’re going to look at is the idea of buying a vacation home. Vacation homes are significantly higher value than most other kinds of property. In time, its worth will likely increase so you can always rely on the fact that you can sell it even if it isn’t making much of a return through rentals. As popular as vacation homes can be, after all, they are largely dependent on the calendar. Most will not make even a fraction of what they earn when it’s “in season” for tourism in that particular location. Then again, there is the added perk of owning your own vacation home to use as you like.

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Good soil from growing

It’s not the most traditional option nowadays, but once upon a time land was most valuable because of the income that could be made from farming. There are still plenty of teams like Ranch Marketing Associates, LLC selling high-quality ranches that could end up being a valuable enterprise in their own right. There are more ways to make money from a ranch than by raising livestock or planting crops, however. You can run businesses on the side such as using it a tourist destination, using it to care for horses or rent them out for rides. If the land is picturesque, then that’s plenty of profit potential there alone. Don’t underestimate the value of good rural land.

Land with value

In general, don’t underestimate the value of land itself. When people think of real estate, they think of buildings, but sometimes the land can be significantly more valuable. If you’re able to get your hands on a large portion of land in the right place, it could be one of the most passive, hands-off forms of income you might ever find. As BWAB says, your mineral rights alone could make you a lot of money from oil and gas companies. Then there are other ways your land might be valuable such as logging offers if you own woodland or selling it to a real estate developer down the line. Of course, it’s not a good idea to buy land based on the speculation it might one day be valuable. It’s better to choose land that already has value, such as a ranch, with the knowledge that the volume of land might provide extra value down the line.

From flip to flip

Flipping houses is a high-risk, high-reward way to invest in real estate. It’s all about purchasing homes at well below market price, developing them, and selling them for a significant profit. Becoming a real estate developer takes a lot of work, so it’s not likely to be a side-gig or an extra source of income as opposed to a particularly lucrative main source of income when you get it right. But you have to know not only how to add value to a property or negotiate. You have to know the market with pinpoint precision, being able to tell which markets are up-and-coming and which potential buyers they best appeal to and how to target them.

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Get those dividends

Most of the examples above demand that you think of real estate not like any other investment, but rather like an asset that you use as a tool to make money or that you improve before selling. However, another way of taking a hands-off, passive income approach to real estate is to use investment platforms like Realty Shares to join up with other investors and developers. Rather than being responsible for the property yourself, you use some knowledge of the market to choose the right investments, often providing capital to a developer, and hoping for a return. Some people see it as a riskier move to make yourself less responsible for the property, but it’s a good option for those who don’t want real estate to take up too much of their time.

There are a lot of ways to supplement or even get your base income from property. Renting might be the most commonly used option, but it’s not the only one. Real estate is a broad market, with plenty of opportunities for enterprising minds. Could it be the revenue stream you’ve been looking for? Could it be where you thrive?

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Buying A Second Home: The Good, the Better, and the Best

There comes a time in some people’s lives where they begin to think about buying a second home. There are so many wonderful things that come with having a second property and here’s some reasons that you should take a look at if buying a second home is something that’s in your mind.

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Good

One of the first things that springs to mind when people are considering buying a second home is the ability to be able to rent it out when they aren’t using it. Not only that, when they are using their second home, they can rent out their other property to continue making money.

One thing you will need to consider if renting out your properties is something you’d be doing, is the fact that you would need to ensure that they are both properly renovated, attractive, and livable for guests. Doing this will allow you to charge more for people staying in your homes; therefore making you more money. You will also need to have the ability to have any repairs made to either property no matter where you are in the world. So make sure that you’ve got handyman numbers at the ready.

Better

Another great reason to buy a second home is that you can choose a completely new location. Many people choose to buy homes abroad because it’s generally cheaper than where they live, and they can also enjoy the culture of a different country every time they decide to stay in their second home.

Many people also choose to buy a home where the climate is completely different to what they are used to. If you live in a hot climate, why not go for a luxury cottage as seen on eaglesnestatbannerelk.com/ where you could enjoy the views and ski slopes. Or, if you live in a cold climate, you could do the opposite and choose to buy a second home somewhere much warmer.

Best

Finally, as previously mentioned about renting your second property out, you could simply choose to use it as a holiday home that you visit for short periods of time each year. You might choose to rent out the property for the rest of the year to holiday makers so that you can make some money back on your investment.

Some homeowners manage to rent their property out to families, and when they want to stay in the home they have special guest rooms so that they can stay there with the family living there. Although this is more unheard of than other solutions it might be something for you to consider.

Another amazing part of owning a second home is that when you come to retire, if you fancy moving somewhere else then you can simply sell one (or both) of your homes and buy another property and be able to live off the money you have made from your previous properties.

Consider the good, the better and the best when it comes to buying a new property and you’ll soon find yourself taking the steps into being a second time homeowner!

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Stop Neglecting Your Home Renovation Project

You don’t have to be an interior designer or a construction expert to know when your home needs a good makeover. There comes a point at which you can’t neglect the peeling wallpaper or horrendously tattered and dated couches in the living room. You might have been stubbornly making do for years but a home should feel cozy and welcoming; you shouldn’t have to make do. It’s time to stop neglecting your home renovation project and put your builder’s hat on.

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Draw up the design plan.

Put down the hammer or paintbrush. Before you get started with this renovation project, you need a detailed overall plan so that you know what you’re doing. There’s nothing worse than getting halfway through a project and realizing that you don’t have enough money to finish, you’ve made a huge structural mistake by biting off more than you could chew, or you simply hate the way something’s turned out in reality.

You need to walk through your home and make notes about the things you’d like to change and then draw up a rough sketch of the way you want things to look. You could do a little research online to get inspiration. The goal is to compartmentalize the project into lots of mini projects so that you can make gradual changes to your home and see whether you like the way your ideas have turned out when actualized.

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Declutter for that minimalistic look.

You need to aim for a minimalistic look if you want your home to feel fresh, modern, and spacious; clutter has never been fashionable and it never will be. Of course, the goal isn’t just to tidy up your home today and then have to do the same thing in a few weeks when your kids mess up the household again. You need to aim to make the home more organized so that maintaining the home’s level of tidiness in the future is far easier. Keep this project simple because minimalism is all about simplicity. Even colors can achieve this effect; aim for a neutral palette to really open up rooms and make them feel more spacious and bright. Mirrors can help with this effect too; they reflect sunlight and naturally brighten rooms.

Putting up shelving units is a great way to store all those loose items that you’d ordinarily leave lying around on countertops or tables. You could even get custom magnets for the fridge that list everybody’s chores for the week so that you never fall behind on keeping your house clean. The point is that you should be aiming to keep your house looking minimalistic and tidy; find a way to make maintenance and regular tidying easy in the future. Reduce the risk of your household becoming unclean and messy in the first place.

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Remember the comfort factor.

Whilst aesthetic is very important for a home renovation, you mustn’t forget the practical objectives of the project. The goal is to make a home in which you can relax and feel comfortable. You need to strive for an elegant yet cozy aesthetic. Instead of leather couches which look great but feel cold and uncomfortable, you should opt for soft pillows, throws, and other furnishings which are colorful and attractive but cozy at the same time. Don’t neglect comfort for the sake of a nice interior design.

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The Do’s And Don’ts Of Renting Out Property

There are plenty of ways to make some money with a property. You may want to consider renovating older property and modernising to make a quick profit. You may like to move up the ladder with your property and invest in bigger each time. However, the most popular way investors capitalise on the property market is renting them out to people that just can’t afford to get on the ladder, or need to be in locations only temporarily.

 

However, while there are plenty of properties out there ready to be purchased that are more than suitable for the rental market, there are still a few guidelines that you need to follow. So whether or not this is your first attempt at buying to rent, or you have a whole portfolio of properties, I thought I would share with you some of the do’s and the don’ts of renting out a property.

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Don’t be too hasty with your decisions and forget the power of research

 

There will always be a lot of properties out there that you may want to consider investing in, but we can get a little hasty and excited by the prospect and forget to do the valuable research that should go along any property purchase. While there will always be a demand for affordable houses for rent, you will still need to make sure that your investment is going to stack up in the long-term. Think about the location you are buying in. Whether there are any improvement schemes or upcoming regeneration to the area. Think about what the prices are in the area, is their scope to expand your investment or make more profit in the future. Will you need to make any improvements to the property before you rent it out? Is it a livable space? These are all questions and observations you can make with extensive research online, which will enable you to make sure that the important decision you are about to make is the right one.

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Do choose the right rental market for you

 

You may be surprised to read that there are a number of different rental markets to consider when buying a property. You could consider buying near universities or colleges where you can rent out to students for each school year. This can be quite lucrative as a house can be adapted to accommodate more than one student. Helping you to increase your rental profits. You could also think about the area being close to the city center, or being in a family suburban location where you focus more on renting to families.

 

Don’t be tempted to overcharge on the rent

 

Determining the rental cost can be quite tricky, and it might be tempting to charge what you think the property is worth. But this could cause you more problems by pricing your property out of the market. Instead, you will need to focus on the area and the average cost. An agent could be in the best place to advise you on how much to charge.

 

Do consider other costs that you may need to budget for

 

Of course, you have the initial outlay of the investment, but other things to consider would be the insurances involved to protect the property. You also need to think about the legal costs involved, and whether you have any other insurances that help to protect you for things like when renters don’t pay their rental payment. You also need to have some sort of emergency fund set aside for when things go wrong. You may find that things go wrong over the time of the rental period, or you may have to make emergency or standard repairs the longer you own the property.

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Don’t forget to read the fine print

 

On all things property related, there are deeds and regulations. It might be to do with the property or it could be specific to the area. Make sure in all cases you read the fine print to avoid any possible drama or financial implication in the future. However, the research only just gets started with the purchase, as a landlord there are other things to consider. You need to ensure that you have the right contracts drawn up between you and your tenant. Or of you have an agent acting on your behalf, that you ensure that the contract you draw up is in your interests as well as the agents.

 

Do be open-minded with your choice of tenants

 

There are many schemes in which a tenant can take on a property. People can get help from government schemes as well as benefits to help them pay for their rent. Some landlords refuse to take any type of tenant other than a private renter, but this could be closing your market in regards to obtaining someone to rent in your property long-term. In some ways, someone receiving a benefit of some kind means that they may always be able to pay the rent. So you have to ask yourself whether it is worth being open-minded to different types of tenant circumstances.

 

Don’t be tempted to manage it yourself unless you are confident to do so

 

Managing a property rental yourself means that you are in the position of ensuring al checks are carried out on the tenant, and that you get your rent each month. You will be the contact they ring at any time of the day or night when something goes wrong. So it’s important to make sure you only do this is you are confident in managing the property. For a small fee, an agent can take care of all the hard work for you.

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Do inspect or have the property inspected regularly

 

Unfortunately you can’t always trust your tenant. No matter how good you think they are. You are allowing them to stay in your property for a fee, and you need to ensure that they are treating it with the respect it deserves. So try and consider having it inspected regularly to ensure that the property is in good condition, and that any repair work isn’t needed. It isn’t always about not trusting the tenant, but more about protecting your asset.

 

Don’t be afraid to place restrictions in the terms of rental

 

Many landlords consider having hefty terms that a tenant needs to agree to before a contract and lease can be signed. It may be very specific about painting walls or having pets, or it could be more lenient whereas you require permission before anything is done in the property. There have been landlords that have been so specific even about hanging pictures on the walls with nails. After all, it is your property and investment, and you can decide how it is treated. Having this in the lease protects you in the future, if you find that any of your regulations have been ignored.

 

Finally, having a decent agreement in place and black and white guidelines laid out should mean that you as a landlord should have no issues when renting out to somebody. What this sort of investment does, is enable you to have your money tied up and earning a profit in the bricks and mortar, but also enables you to earn a profit on a month by month basis. Anything over and above a mortgage commitment should be put to one side so that any property expenses can be paid for out of the pot. I hope this helps you to be more clear about what you should and shouldn’t do when renting out a property.

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