We’ve all seen the headlines: inflation at its highest point in almost 30 years; interest rates are rising, and the energy cap is about to lift. Everyone’s on tenterhooks to see what it will mean for their bank balance, and of course, landlords and tenants are going to be affected.
Landlords are always asking us how they can make their property more attractive to professional tenants, and no wonder. It’s a lucrative market of high-earning people who’ll pay a premium rent for the right home. But what exactly do they want?
There are many different models of buy-to-let, but a proven winning formula is buying a property in need of renovation, upgrading the specification, then releasing the increased equity to fund another buy-to-let project.
As we approached the beginning of 2021, hopes were high of a return to normal, with Covid and Brexit seemingly in the rear-view mirror. But the year turned out very differently, and both have continued to feature strongly in everyone’s life.
The holy grail of every buy-to-let property is continuous occupation by high-quality tenants with a market-leading income and a value that increases year on year. None of this happens by itself, and, just with any business, a plan of action is the key to success.