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Bathroom Renovations 2024

How Long Does It Really Take a Bathroom Renovation in 2024?

Embarking on a bathroom renovation project can be both exciting and daunting. With various factors to consider, from design choices to budget constraints, understanding the timeline is crucial for a smooth renovation journey. In this comprehensive guide, we’ll delve deeper into the different renovation scenarios, offering insights and tips to help you plan effectively. Understanding the Basics: A 6-Week Overview for a bathroom Renovation On average, a standard bathroom renovation takes approximately six weeks to complete. This timeline encompasses a series of tasks that transform your bathroom from drab to fab. Here’s a closer look at what each week might entail: Week 1: Demolition and RemovalThe initial phase involves removing your existing bathroom fixtures, tiles, and flooring. This step sets the stage for the rest of the renovation and typically takes about a week. Week 2-3: Plumbing and ElectricsOnce the space is cleared, plumbing and electrical work commence. This involves installing new pipes, fittings, and wiring to accommodate your new bathroom layout and features. Depending on the complexity, this phase can take anywhere from one to two weeks. Week 4: Replastering and FlooringWith the groundwork laid, the focus shifts to replastering walls and laying new flooring. This stage is crucial for achieving a polished finish and usually spans a week. Week 5-6: Sanitaryware and Tiling InstallationThe final weeks are dedicated to installing new sanitaryware, such as sinks, toilets, and showers, and laying wall and floor tiles. The duration can vary based on the intricacy of the tiling design and the number of fixtures being installed. Quick Refresh: Transforming Your Bathroom in 1 Week If a full-blown renovation seems overwhelming or doesn’t fit your budget, a quick refresh might be the perfect solution. This approach focuses on updating the look and feel of your bathroom without major structural changes. Tile Refresh and PaintA fresh coat of paint and updated tiles can make a world of difference. Whether you opt for a bold color or a neutral palette, painting the walls and refreshing the tiles can rejuvenate your bathroom’s appearance in just a couple of days. Mirror and Fixture UpdateReplacing old mirrors, lighting fixtures, and accessories can enhance the overall aesthetic and functionality of your bathroom. With careful planning and efficient execution, this phase can be completed within a day or two. Sanitaryware and Surface Renewal: Elevating Your Bathroom in 3-4 Weeks For those looking to make more substantial changes, such as upgrading to a new suite or modernizing the bathroom’s design, a comprehensive renovation is the way to go. Fixture RemovalThe first step involves removing the existing fixtures, including the sink, toilet, and shower or bath. This process can take up to a week, depending on the accessibility and condition of the fixtures. Pipe InstallationInstalling new pipes and fittings to accommodate your chosen sanitaryware is a critical aspect of the renovation. This phase typically takes 2-3 days but can vary based on the complexity of the plumbing work. Electrical UpdatesUpdating the electrical system to support new lighting, ventilation, or heating solutions is essential for a safe and functional bathroom. Allow 3-4 days for first-fix electrical work, including wiring and installation of new fixtures. Replastering and FlooringA smooth and even surface is essential for achieving a flawless finish. Replastering walls and laying new flooring typically takes about a week, depending on the size and condition of the bathroom. Sanitaryware InstallationInstalling the new sink, toilet, and shower or bath is the final step in the renovation process. This phase can take up to a week, including any adjustments or modifications needed to ensure a perfect fit. Wall TilingChoosing the right tiles and installing them meticulously can transform your bathroom’s look. Depending on the tile size and design complexity, wall tiling can take anywhere from 3 to 7 days. Total Layout Transformation: Crafting a New Bathroom in 6 Weeks Changing the layout of your bathroom or creating a new space altogether requires meticulous planning and execution. Whether you’re merging two small bathrooms to create a family-friendly space or reconfiguring the layout to optimize functionality, this process demands more time and effort. Layout Planning and DesignBefore diving into the renovation, spend time planning and designing your new bathroom layout. This phase involves selecting fixtures, tiles, and finishes, as well as determining the optimal placement of each element. Allow at least a week for planning and obtaining necessary permits or approvals. Fixture and Wall RemovalDemolishing walls or removing existing fixtures to accommodate the new layout is a labor-intensive process that can take up to two weeks. Ensure proper safety measures are in place to minimize disruptions and hazards. New Plumbing and WiringAdapting the plumbing and electrical systems to fit the new layout requires precision and expertise. Allow 2-3 weeks for this phase, factoring in any unforeseen challenges or modifications. Replastering, Flooring, and TilingCreating a cohesive and stylish bathroom involves attention to detail in every aspect, from wall finishes to flooring. Allocate at least two weeks for replastering, laying new flooring, and tiling, ensuring each task is executed to perfection. New Bathroom Addition: Building From Scratch in 6 Weeks Adding a new bathroom where there wasn’t one before is a significant undertaking that involves various challenges and considerations. Whether you’re transforming a spare room into an en-suite or converting an underutilized space into a functional bathroom, this process requires careful planning and adherence to building regulations. Planning and ApprovalBefore starting the renovation, consult with a professional to assess the feasibility of adding a new bathroom to your home. Obtain necessary permits or approvals from local authorities, which can take 1-2 weeks or more. Foundation and Soil Pipe InstallationCreating a solid foundation and installing a new soil pipe are critical aspects of adding a new bathroom. Allow 2-3 weeks for this phase, factoring in excavation, pipe laying, and other groundwork. New Plumbing and ElectricsInstalling new plumbing and electrical systems to support the new bathroom features is a time-consuming process that requires careful planning and execution. Allocate 2-3 weeks for this phase, ensuring all work complies with building…

Understanding Deposit Protection Schemes: A Comprehensive Guide for Tenants

Understanding Deposit Protection Schemes: A Comprehensive Guide for Tenants

What is a Rental Deposit and Why is it Important? When renting a property, tenants are typically required to provide a rental deposit to the landlord, often equivalent to up to a month’s rent. This deposit serves as a form of security for the landlord against any potential breaches of the tenancy agreement by the tenant, such as damage to the property, additional cleaning, or unpaid bills. Understanding the purpose and importance of the deposit is essential for tenants to navigate the rental process effectively and ensure compliance with the terms of their tenancy agreement. The Basics of Deposit Protection Schemes Deposit protection schemes were introduced by the government in 2007 to regulate the handling of rental deposits and provide a fair and transparent process for both landlords and tenants. These schemes aim to safeguard tenants’ deposits and ensure that landlords comply with legal requirements regarding deposit protection. Under the regulations, landlords are obligated to protect their tenants’ deposits by using one of the three government-backed deposit protection schemes: the Deposit Protection Service (DPS), MyDeposits, or the Tenancy Deposit Scheme (TDS). By protecting the deposit with an approved scheme, landlords provide tenants with assurance that their deposit will be handled fairly and transparently throughout the tenancy. The Three Government-Backed Deposit Protection Schemes The Deposit Protection Service (DPS), MyDeposits, and the Tenancy Deposit Scheme (TDS) are the three main deposit protection schemes operating in England and Wales. Each scheme offers both custodial and insurance-based options for deposit protection, providing landlords with flexibility in managing their tenants’ deposits. In a custodial scheme, the landlord lodges the deposit with the scheme for the duration of the tenancy, while in an insurance-based scheme, the landlord holds the deposit throughout the tenancy and pays a fee to the scheme for protection. Understanding the differences between these schemes allows tenants to ensure that their deposit is protected effectively under the scheme chosen by their landlord. Check out this article from the Gov.uk Understanding Custodial and Insurance-Based Options Custodial and insurance-based options offer landlords different approaches to deposit protection, each with its own benefits and considerations. The custodial option is often favored for its simplicity and transparency, as the deposit is held independently by the scheme throughout the tenancy. On the other hand, the insurance-based option provides landlords with greater control over the deposit during the tenancy, allowing them to manage the repayment process directly. By understanding the differences between these options, tenants can make informed decisions and ensure that their deposits are protected effectively throughout the duration of their tenancy. The Process of Deposit Protection The process of deposit protection begins when the tenant pays the deposit to the landlord, typically upon signing the rental agreement. Within 30 days of receiving the deposit, the landlord is required to protect it with one of the approved deposit protection schemes and provide the tenant with relevant information about the scheme used. Tenants should receive details about the amount of the deposit, how it is protected, the contact information for the scheme, and instructions on how to apply for the deposit’s return. This information ensures transparency and accountability in the deposit protection process, allowing tenants to assert their rights effectively and navigate any potential disputes that may arise at the end of the tenancy. Resolving Disputes: Your Rights and Options Disputes over deposit deductions can arise when tenants and landlords disagree on the amount to be returned at the end of the tenancy. In such cases, tenants have the right to use the dispute resolution service provided by the deposit protection scheme to seek a fair resolution. The dispute resolution service, also known as Alternative Dispute Resolution (ADR), offers a free and impartial process for resolving disputes without the need for court intervention. Both tenants and landlords are encouraged to engage in the ADR process and provide evidence to support their claims, ensuring that any disputes are resolved in a fair and transparent manner. Legal Recourse for Deposit Disputes In cases where tenants believe their landlord has failed to protect their deposit or unfairly withheld deductions, legal recourse may be necessary. Tenants can apply to the local county court to seek repayment of their deposit or enforcement of deposit protection requirements against the landlord. The court has the authority to order the landlord to repay the deposit, place it into a custodial scheme, or pay additional penalties for non-compliance. Seeking legal advice can help tenants navigate the court process and assert their rights effectively in deposit dispute cases, ensuring that any disputes are resolved in accordance with the law. Additional Resources and Support Tenants facing deposit-related issues can access a range of resources and support services for assistance. Local Citizens Advice offices, solicitors specializing in housing law, and organizations like Shelter in England or Wales offer valuable guidance and advocacy for tenants navigating deposit disputes. By seeking support from these resources, tenants can gain insight into their rights, access legal assistance if needed, and receive practical advice on resolving deposit-related issues. Empowered with knowledge and support, tenants can effectively navigate the deposit protection process and assert their rights as renters. Feel free to contact us for any question related to Deposit Protection Scheme. dps

The Impact of Scheduled Cleaning Services for Landlords

The Impact of Scheduled Cleaning Services for Landlords

Navigating the intricate landscape of property management demands a multifaceted approach. As a landlord, the responsibilities extend beyond the structural upkeep of your investments. Creating an inviting environment for potential tenants is equally crucial. Within this competitive realm, the cleanliness and overall presentation of a property emerge as pivotal elements, influencing the decision-making process for prospective tenants. Setting the Stage for Property Excellence In the contemporary era, where tenants are empowered with choices, the visual impact of a property plays a decisive role. Your property serves as a tangible testament to your commitment to providing a comfortable and attractive living space. This is where the concept of scheduled cleaning services comes into play, presenting itself as a transformative tool for landlords. Why This Matters The significance of first impressions in the real estate sector cannot be overstated. Picture a meticulously clean property compared to one that appears neglected – the distinction is evident. This chapter delves into the importance of maintaining an immaculate living space, laying the foundation for a comprehensive exploration of how scheduled cleaning services can be a pivotal investment in achieving and sustaining property excellence. Embark on this journey with us as we unravel the substantial impact of integrating scheduled cleaning services into your property management strategy. Discover how this seemingly straightforward investment can serve as the linchpin for elevating your property’s allure and contributing to a positive and financially rewarding leasing experience. The Power of First Impressions and scheduled cleaning In the world of property management, the saying “first impressions matter” is more than a cliché – it’s a fundamental truth. The visual appeal of your property is the gateway to attracting potential tenants and influencing their leasing decisions. Why Aesthetics Matter The cleanliness and presentation of your property go beyond mere aesthetics; they convey a message about the overall quality of living a tenant can expect. When a property is well-maintained and spotlessly clean, it not only catches the eye but also suggests a level of care and attention to detail that resonates with discerning renters. The Impact Beyond Sight In a competitive rental market, tenants are not just looking for a place to stay; they are seeking a home that aligns with their lifestyle and values. This chapter delves into the profound influence of property presentation, exploring how a clean and well-presented space can act as a powerful magnet for attracting high-quality tenants. Strategic Cleaning for Lasting Impressions As we navigate this chapter, we will uncover the psychological nuances behind the concept of first impressions. Moreover, we’ll explore actionable steps that landlords can take to ensure their properties consistently make positive initial impacts. Join us in understanding how the power of first impressions can be harnessed through strategic cleaning measures, contributing not only to increased tenant interest but also to the enduring success of your rental ventures. The Health and Safety Benefits Beyond the aesthetics and the initial visual impact, the cleanliness of your property directly influences the health and well-being of its occupants. In an era where health is a top priority, creating living spaces that foster well-being is not just an added benefit but a necessity. Guardians of Health: The Role of Clean Living Environments A clean living space is more than just visually appealing; it is a shield against potential health hazards. Regular and thorough cleaning practices contribute to maintaining indoor air quality, preventing the spread of germs, and reducing allergens. In essence, it creates an environment that supports the overall health of your tenants. The Wellness Connection This chapter explores the health implications associated with a clean living environment. From reducing the risk of respiratory issues to minimizing the spread of infectious diseases, scheduled cleaning services act as guardians of health. As a landlord, prioritizing the well-being of your tenants not only fosters a positive living experience but also underscores your commitment to creating a safe and healthy home. Preventing Health Hazards, One Clean Space at a Time Join us as we delve into the tangible health benefits that result from maintaining a clean property. We’ll uncover the role of scheduled cleaning services in preventing health hazards and creating living spaces that not only look good but contribute to the overall wellness of your tenants. In understanding this connection, you not only enhance the appeal of your property but also cultivate a living environment where tenants thrive. Increased Property Value In the intricate dance of property management, the value of your investment extends beyond the purchase price. The condition and presentation of your property play a substantial role in determining its overall value in the real estate market. Cleanliness, it turns out, is a silent yet influential driver in this equation. The Cleanliness-Value Nexus Consider your property as an evolving asset. A well-maintained and clean property not only attracts quality tenants but also contributes to its appreciation over time. The link between cleanliness and increased property value is not merely anecdotal; it’s a proven correlation that savvy landlords leverage for long-term financial gains. The Appreciation Factor This chapter explores the direct connection between property cleanliness and value enhancement. A clean property, with meticulous upkeep, is more likely to appreciate over the years. Prospective buyers and tenants alike are willing to pay a premium for a property that exudes care and has been consistently maintained to a high standard. Investing in Long-Term Prosperity Join us as we delve into the intricacies of this cleanliness-value nexus. Discover how scheduled cleaning services become an integral part of your strategy not only to attract tenants but also to position your property as a valuable asset in the ever-evolving real estate market. In understanding and harnessing this connection, you not only enhance the financial prosperity of your investment but also secure a place of enduring appeal in the competitive property landscape. Time and Stress Management The life of a landlord is often a juggling act, with numerous responsibilities demanding attention. Managing multiple properties comes with its unique set of challenges, and the burden of…

Effective Lease Negotiation

The Art of Lease Negotiation: Finding Common Ground

The art of Lease negotiation is a crucial and intricate aspect of real estate transactions that demands finesse and strategic thinking. Finding common ground between landlords and tenants is an art that, when mastered, can lead to mutually beneficial agreements. In this extensive guide, we’ll explore the multifaceted process of lease negotiation, providing valuable insights for both parties involved. Understanding the Lease Negotiation To navigate the negotiation process effectively, it’s crucial to comprehend the lease landscape comprehensively. This chapter delves into common lease terms, various lease types, and current market trends. By understanding the intricacies of these elements, you can lay the foundation for successful negotiation strategies. Understanding the different types of leases, such as gross leases, net leases, and percentage leases, is key to tailoring negotiations to the specific needs of both landlords and tenants. Moreover, exploring the current market trends and their impact on lease agreements provides valuable context for informed decision-making. Identifying Key Lease Terms Certain lease terms carry more weight than others and can significantly impact the negotiation outcome. In this section, we’ll identify and thoroughly dissect these crucial terms, including rent, lease duration, maintenance responsibilities, and renewal options. Understanding the implications of these terms is essential for achieving favorable negotiation outcomes. For instance, the negotiation of rent involves considerations beyond the monetary aspect. It may involve discussions about escalations, rent abatement, or other financial arrangements that can benefit both parties. Lease duration negotiations, on the other hand, often hinge on the long-term goals and flexibility of both landlords and tenants. Helpful article The Power of Research Knowledge is a powerful tool in negotiation. This chapter emphasizes the importance of thorough research, covering elements such as property values in the area, market trends, and comparable lease agreements. Armed with this knowledge, both landlords and tenants can make informed decisions during negotiations, increasing the likelihood of a satisfactory agreement. Detailed research extends beyond the property itself. It involves understanding the economic and demographic trends in the area, which can impact the property’s value and the terms of the lease. Comparative analysis of similar lease agreements provides a benchmark for fair and competitive negotiations. Communication Strategies Clear and respectful communication is the cornerstone of successful negotiations. This chapter provides practical tips on effective communication, active listening, and fostering a positive dialogue between landlords and tenants. A collaborative atmosphere can contribute to a more productive negotiation process. Effective communication strategies involve understanding the needs and concerns of both parties. Techniques such as active listening, clarification, and summarization help ensure that each party’s perspective is fully understood. Furthermore, the art of framing proposals positively can create a cooperative environment conducive to finding common ground. Win-Win Solutions The hallmark of a successful negotiation is a mutually beneficial outcome. Discover how to identify and create win-win solutions that address the needs and concerns of both landlords and tenants. By fostering cooperation and compromise, you can establish a positive, long-term relationship that goes beyond the negotiation table. Creating win-win solutions requires creativity and flexibility. This may involve exploring innovative lease structures, such as revenue-sharing models or performance-based incentives. By aligning the interests of both parties, these solutions can lead to sustainable and harmonious lease agreements. Flexibility in Negotiation Negotiation is a dynamic process, and flexibility is key. This chapter explores how to navigate unexpected challenges, adapt to changing circumstances, and keep the negotiation process fluid while maintaining a focus on common ground. Flexibility enables both parties to find creative solutions to potential roadblocks. Flexibility in negotiation involves being open to alternative proposals and adapting strategies based on the evolving needs and priorities of both parties. It requires a willingness to explore compromises and consider innovative approaches that may not have been initially envisioned. Legal Considerations Understanding the legal aspects of lease negotiation is vital for both parties. This chapter explores the importance of legal advice, the significance of written agreements, and how clarity in language can prevent disputes down the line. Legal knowledge provides a solid foundation for negotiation and helps ensure the enforceability of the final agreement. Legal considerations in lease negotiations extend beyond basic contract law. It involves understanding local regulations, zoning laws, and any specific legal requirements related to the property or the nature of the lease. Seeking legal counsel at the appropriate stages of negotiation ensures that both parties are well-informed and protected. Adding Value to Landlords To build a positive relationship, tenants should consider how they can add value to landlords beyond financial aspects. This chapter delves into ideas such as long-term commitments, property improvements, and being a responsible tenant. By going above and beyond the basic requirements, tenants can create a mutually beneficial partnership with landlords, contributing to a harmonious landlord-tenant relationship. Adding value to landlords involves understanding their broader goals and concerns. Long-term commitments, for example, can provide landlords with stability and predictability. Property improvements not only enhance the asset but also demonstrate a tenant’s commitment to maintaining a high standard, which benefits both parties. Conclusion In conclusion, the art of lease negotiation lies in finding common ground. Both landlords and tenants can benefit from a well-negotiated lease agreement that considers their respective needs and concerns. By applying the principles outlined in this guide, the negotiation process can be a collaborative and positive experience for all parties involved. Contact us if you would like to have some tips regarding how to communicate effectively with your tenants: https://www.pisoria.com/contact-us/

Unlocking Success: How Tenant Screening Services in London Benefit Landlords

Tenant Screening Service: Renting out a property in London can be a lucrative endeavor, but it comes with its share of challenges. One of the most crucial aspects of successful property management is tenant screening. Finding the right tenants who will pay rent on time, treat your property with care, and abide by the rules is essential for a stress-free landlord experience. In this blog post, we’ll explore how a property management agency can help landlords in London with the tenant screening process. London’s dynamic and diverse rental market offers numerous opportunities for property owners. Whether you own a single apartment or multiple units, finding reliable tenants is key to maximizing your investment’s potential. Tenant screening plays a pivotal role in this process, and it’s not something that should be taken lightly. The Importance of Tenant Screening Before delving into how a property management agency can assist with tenant screening, let’s first understand why it’s so vital. Tenant screening is the process of evaluating prospective tenants to determine their suitability for your property. It’s not just about checking their financial background; it encompasses various aspects that can impact your property and your rental income. Here are some reasons why tenant screening is crucial: Challenges of Tenant Screening Tenant screening, while essential, is not without its challenges. It involves several complexities and potential pitfalls that landlords need to navigate carefully. Here are some of the key challenges associated with tenant screening: How a Property Management Agency Can Help Property management agencies can be your allies in overcoming the challenges of tenant screening. They offer a range of services and expertise that can simplify the process and enhance its effectiveness. Here’s how a property management agency can assist you in London: Additional Resources for Tenant Screening in London In addition to the assistance provided by property management agencies, there are various other resources available to landlords in London that can further enhance their tenant screening process. Here are some additional resources you can leverage to make informed tenant selection decisions: Conclusion Tenant screening is a critical aspect of property management in London. While property management agencies offer substantial support in this area, landlords have access to a variety of additional resources that can further strengthen their tenant screening process. Whether it’s staying informed about regulations, using online tools, or seeking legal advice when necessary, these resources empower landlords to make well-informed tenant selection decisions. By leveraging these resources alongside property management agencies, you can ensure that your rental properties are occupied by responsible and reliable tenants, ultimately leading to a more successful and stress-free landlord experience in London. In summary, tenant screening is not just about finding tenants; it’s about finding the right tenants who will protect your investment, adhere to the law, and pay rent on time. With the right combination of resources and assistance, you can navigate the challenges of tenant screening with confidence, ensuring that your rental properties remain in capable hands. So, take advantage of the wealth of resources available to landlords in London, and make tenant screening a cornerstone of your successful property management strategy.

Let us do the hard work while you enjoy the festive period.

With Christmas just around the corner, you might be trying to work out how you can make the most of the Christmas holidays whilst still looking after your properties.  At Pisoria, we provide property management services that can be tailored to meet your needs, with a range of low fees to match.  Whether you require full property management, a lettings only service; whole property, or room-by-room, we are here to help, meaning you can relax.  Let us do the hard work while you enjoy the festive period. We understand the job of a landlord brings stresses and strains. This is especially the case for new landlords who are just stepping into the world of letting without prior experience. This is where we can help. At Pisoria, we’re highly experienced in providing a range of property management services to ensure your stresses are effectively handled. We’ll deal directly with your tenants, saving you a great deal of time and money during the entire rental process. With our Fully Managed service, we can act at a point of contact for your tenants on a 24-hour basis, handling any problems or complaints that they may have.  Plus, we’ll ensure that the pressure is relieved from yourself when it comes to collecting rent payments from difficult tenants, on either of our Fully Managed or Let & Rent services. Should tenants not pay their rent on time, we have the power to enforce lease policies and take the appropriate steps to ensure landlords are fully covered. So this Christmas, let us do the hard work while you enjoy the festive period.  Contact us today to find out more.

How Can Property Management Benefit You?

Many landlords assume that managing their property will be straightforward and stress-free; however, most find the process to be time consuming, expensive and complicated. Issues ranging from advertising and finding tenants, right through to maintenance issues and rent arrears mean that the process can end up causing more hassle than its worth. Property Management from Pisoria can take away the burden of having to deal with these issues. In this post we discuss what we can do to alleviate the stress of dealing with problematic tenants and maintenance issues.   Searching for Suitable Tenants Firstly, Pisoria have extensive knowledge and experience when it comes to advertising to and attracting suitable tenants. Professional photos, videos and viewing procedures mean this process is slick and streamlined. We use many channels – such as SpareRoom, SpotAHome, and Whoomies – to advertise, and know how to reach the ideal target audience. Our lettings team will conduct viewings with any potential tenants, and then make sure to carry out the suitable reference checks. We attract young professionals looking to settle in the City – one of the best types of tenant!   Empty Rooms Periods of vacancy can be one of the most stressful times for a landlord – no one wants to be missing out on potential income. By renting out separate rooms in a property, this greatly reduces the hit of any possible vacant periods. This will also maximise rental income, and the style of the market often means tenants are looking to settle in a new room ASAP – meaning that Pisoria often fill rooms within a matter of days. Our portfolio boasts a 97% occupancy rate (2017). In addition to this, we have strong ratings on the Pisoria Facebook page – a glance at the reviews reflects how happy tenants feel in our properties. The better management service, the more likely the tenant is to stay!   Maintenance Issues Under the Pisoria “fully-managed” service, your property will benefit from insurance cover from our Partner’s at British Gas. This not only covers basic repairs, but also offers a 24/7 emergency service – solving the issue of tenants calling up and complaining at all hours! We use an online management system – Arthur Online – to track maintenance issues, and set up easy, reliable communication with tenants. For those small issues not covered by British Gas, we work with a range of trusted contractors, and will make sure that your property is always kept in top shape. If it needs a touch of brightening up, our interior design service can also help you to renovate and refurbish any rooms that are starting to look tired. The fully managed service also includes fortnightly cleaning – keeping the property clean and well kept.   Rent Arrears Even worse than empty rooms, is the issue of rent arrears. Chasing unpaid rents can be extremely time-consuming, complicated and stressful for a landlord. Pisoria will carefully vet any incoming tenants, and use GoCardless to track any rent issues. These measures combined mean problems shouldn’t occur in the first place. If in the rare condition a rent payment is late, we will ensure that chasing the tenant for payment is a top priority. For more information on Pisoria’s fully managed, let and rent, or let only management options, please don’t hesitate to contact us.

What Tenants Want From A Rental Property

In an ever competitive private rental market, the demand for better quality rental homes is rising, especially in London where many young professionals choose to rent as a lifestyle choice and have high expectations from the property itself and also the way it’s managed during their tenancy. Whether you’re an existing landlord renting out your property or a buy-to-let investor, your goals are the same: regular rental income and high quality, long term tenants. To ensure both, it’s important to understand what tenants today want from a rental property. A Good Location The neighbourhood and good transport links are the 2 most important factors for tenants. Today, buy-to-let investors can look further afield as regeneration is transforming London’s once run down areas into trendy and desirable places to live. New transport links such as the anticipated CrossRail line will connect the East with the West making commuting much easier, while properties on bus routes and within walking distance to the Tube are always high on tenants’ wish lists. Tenants today want a higher quality of life and are more likely to choose an area with good amenities, trendy bars and restaurants, shops and markets, green spaces and gyms. If they are happy with the area, they’re more likely to stay long term. A Pristine Property  It’s not enough for a property to be clean at the start of a tenancy. Discerning tenants expect a property to be pristine in every sense. A thoughtfully renovated property with a modern, updated look will be far easier to rent out than a tired and shabby one showing obvious signs of wear and tear. The condition of bathrooms and kitchens is always a deciding factor. There’s nothing worse than signs of damp, mould or grease stains to put off prospective tenants. Even simple changes such as refitting older fixtures and fittings with contemporary-styled chrome, or re-grouting can make all the difference. A Well-Furnished Property Professionals looking for a London base or flat share will expect a property to be furnished and well-equipped with modern and energy-efficient appliances. They’ll also consider the amount of storage space available, especially flat sharers: from kitchen cupboard space and fridge sizes, to wardrobes in the bedrooms. Desirable Extras A fast and reliable Wi-Fi connection included in the rent is something most tenants will want. Other desirables that can make the difference between them choosing your property instead the one down the road include a power shower, dishwasher, washing machine/dryer and HDTV. A Hassle-Free Tenancy Tenants just want to be happy in their home. They don’t want to be haggling with housemates over bills or dealing with repair emergencies and a landlord they can never get hold of. Pisoria’s hassle-free property management services include all-inclusive, guaranteed rents and 24/7 repairs insurance cover, tailored to meet the needs of landlords and tenants, ensuring they are both happy. Whether you’re interested in lettings only, a full property management service, or simply want expert information and advice on renting out your property in London, call us today.

investments in property east london

Huge Property Investment Opportunity Within East London

Why East London Is The Top Hotspot For Buy-to-Let Investors The Pet Shop Boys may think it’s better to Go West, but if you’re a property investor planning to buy-to-let in London, Go East! London is notoriously one of the most expensive capitals in the world. However, the rental yields are extremely good. So how can you take advantage of a healthy rental income if soaring property prices prevent you from making an investment in the first place? Regeneration is the buzzword in London, and most of it is happening in the Eastern boroughs. Canary Wharf, Shoreditch and post-Olympic Stratford have paved the way for new housing opportunities and a better quality of life away that’s still within easy reach of Central London. And the good news is, there are certain areas in the East End that are still affordable, while rental yields are ever increasing, making them a great opportunity for potential landlords. Here’s why East London is the top hotspot for buy-to-let investors: Photo Courtesy of © Malc McDonald Regeneration The success story of Stratford, which before the 2012 Olympic games project was a derelict brownfield site, and is now a thriving, sought-after area, has set the standard for regeneration projects of other run down areas. Areas that are experiencing the ‘Olympic effect’ include Barking, Ilford and Hackney Wick, where industrial sites, abandoned factories, old warehouses and derelict Victorian buildings are being transformed into homes, luxury flats, chic restaurants and entertainment venues. Shoreditch also stands out as a regeneration success. The once run down borough was considered an undesirable place to live up until the 1990s. It is now a vibrant, dynamic and fun place to live, with an influx of creative and artistic businesses, renters and homeowners. More regeneration is planned, which will turn this thriving area into one of the most sought after postcodes in London. Crossrail Officially named the Elizabeth line, the crossrail link set for completion in 2019 has already been nicknamed the ‘Lizzie Line’. The much anticipated construction is set to transform rail links across London, seamlessly connecting the East with the West and beyond to Heathrow Airport. The Crossrail links will make commuting far easier and quicker, so more renters will be happy to move further East. Property Prices Once the Crossrail transport link is complete, it’s expected to have a direct impact on property prices in East London. Now is the time that wise investors can still afford to buy in the regeneration areas, and can expect to see a positive ROI in the years to come as demand for rental properties rise in these up and coming areas. Guaranteed Tenants Areas like Shoreditch, Canary Wharf and Docklands already attract professionals who want a dynamic lifestyle near to work. The lifestyle offered also means that many renters want a longer term lease in a comfortable and pleasant property that they can call home. Companies such as the Anthony Solomon Group offer Guaranteed Rent Schemes in London Pisoria offers a range of property management services for landlords in East London. For more information and advice on renting out a property in London, contact us today.

New Energy Efficiency Standards For Landlords – Is Your Property Ready?

We all know the environmental and long term cost benefits of making our homes more energy efficient. But for UK landlords, energy efficiency is no longer a choice, but an obligation. From 1 April 2018 all private rental properties in the UK must have an Energy Performance Certificate (EPC) with a minimum rating of E. Without the certificate, landlords will not be allowed to rent out their properties to new tenants or renew existing rental contracts. This may sound like an added stress for landlords who will have to face the costs of bringing their properties up to energy efficiency standards. However, long term benefits include an increase in the property value and lower energy bills for tenants. And ultimately, as a property landlord, you can’t afford the risk of owning a property you’re unable to rent. Here’s a more detailed look at EPC certificate requirements as well as measures can you take to ensure your rental property is compliant before April 2018. What is an EPC? An Energy Performance Certificate is issued after your property has been inspected by an accredited assessor, and is valid for 10 years. The EPC contains information about the property’s typical energy costs and recommendations on how to improve the property’s energy performance to save money. Assessors will consider factors such as the size of the property, its fabric, make up and age, and the thickness and make up of walls. Properties are rated from A (most efficient) to G (least efficient). Your rental property must achieve a minimum rating of E to comply with EPC standards. Local authorities can charge between £200 and £4,000 in fines for non-compliance. Energy Efficiency Measures Here are some typical examples of how you can quickly improve your rental property’s energy efficiency in time for April: Insulation Heat rises. If a property doesn’t have adequate loft insulation, much of that heat will escape through the roof. Proper roof or loft insulation can save around 45% in heat loss. Cavity wall insulation can also save a great deal in energy bills, although installation can be messy and disruptive so it would be better to do it in-between tenancies. Double Glazing It’s expensive to install, but the benefits of double glazing go beyond energy efficiency. Double glazing makes a property more secure, attractive, and may even increase its value. It also cuts out noise pollution from busy London streets, making it a far more appealing and comfortable home for your tenants. If nothing else, for a quick fix option, add seals to windows and doors to eliminate draughts. LED Lighting Replacing standard lightbulbs with LEDs is another inexpensive and simple option. LEDs use 90% less energy than conventional lightbulbs and their lower wattage makes them safer, lowering the risk of electrical fires. Low Flow Shower Heads Modern low flow shower heads are easy to install and deliver a good pressure of water while cutting water consumption by 40%. For more information and advice on energy efficiency and renting out a property in London, contact Pisoria today.

renting out a property

Renting Out a Property In London

Why East London Is The Top Hotspot For Buy-to-Let Investors The Pet Shop Boys may think it’s better to Go West, but if you’re a property investor planning to buy-to-let in London, go East. London is notoriously one of the most expensive capitals in the world. However, the rental yields are extremely good. So how can you take advantage of a healthy rental income if soaring property prices prevent you from making an investment in the first place? Regeneration is the buzzword in London, and most of it is happening in the Eastern boroughs. Canary Wharf, Shoreditch and post-Olympic Stratford have paved the way for new housing opportunities and a better quality of life that’s still within easy reach of Central London. And the good news is, there are certain areas in the East End that are still affordable, while rental yields are ever increasing, making them a great opportunity for potential landlords. Here’s why East London is the top hotspot for buy-to-let investors: Regeneration The success story of East Village London (with its new E20 postcode), which before the 2012 Olympic games project was a derelict brownfield site, and is now a thriving, sought-after area, has set the standard for regeneration projects of other run down areas. Areas that are experiencing the ‘Olympic effect’ include Barking, Ilford and Hackney Wick, where industrial sites, abandoned factories, old warehouses and derelict Victorian buildings are being transformed into homes, luxury flats, chic restaurants and entertainment venues. Shoreditch also stands out as a regeneration success. The once run down borough was considered an undesirable place to live up until the 1990s. It is now a vibrant, dynamic and fun place to live, with an influx of creative and artistic businesses, renters and homeowners. More regeneration is planned, which will turn this thriving area into one of the most sought after postcodes in London. Crossrail Officially named the Elizabeth line, the crossrail link set for completion in 2019 has already been nicknamed the ‘Lizzie Line’. The much anticipated construction is set to transform rail links across London, seamlessly connecting the East with the West and beyond to Heathrow Airport. The Crossrail links will make commuting far easier and quicker, so more renters will be happy to move further East. Property Prices Once the Crossrail transport link is complete, it’s expected to have a direct impact on property prices in East London. Now is the time that wise investors can still afford to buy in the regeneration areas, and can expect to see a positive ROI in the years to come as demand for rental properties rise in these up and coming areas. Guaranteed Tenants Areas like Shoreditch, Canary Wharf and Docklands already attract professionals who want a dynamic lifestyle near to work. The lifestyle offered also means that many renters want a longer term lease in a comfortable and pleasant property that they can call home. Pisoria offers a range of property management services for landlords in London. For more information and advice on renting out a property in London, contact us today.

room-by-room rental

Top Tips For Preparing Your Property For Room Rentals

Getting Your Property Ready For Room-By-Room Rental If your rental property has several bedrooms it makes sense to rent it to multiple occupants. Renting out your property room-by-room can increase your rental yield by 20-30% compared to renting out the entire property as a single unit. There’s also less risk of vacant periods as tenant demand is higher and it takes days rather than months to fill a room. However, you need to ensure your property is suitable for multiple occupancy before you start looking for flat share tenants. Depending on the layout of your property, it may just need some minor adjustments to make it ‘rent ready’ for multiple occupancy. However, any investment you make will increase your ROI if your property ends up producing a higher yield. Here’s some tips to help you get your property ready for room-by-room rental. Keep colours neutral Individual design tastes (including your own) inevitably vary, so ditch the wallpaper and loud colours and opt for light, neutral colours throughout the property. White walls may show up dirt and scuff marks but they’re far easier to repaint and touch up areas between tenancies. Blinds not curtains Simple blinds look far neater than curtains and give rooms a more spacious, contemporary feel. Choose the right flooring Carpet and floor damage is the most common issue in rental properties. Minimise the risk by laying wood effect laminate flooring in the downstairs or communal areas such as the kitchen and lounge. Modern laminates create the warm, inviting appeal of wooden floors but are more durable, scratch proof and are far more affordable than real wood flooring. Limit carpets to the bedrooms and choose a neutral beige colour in a shorter pile that’s easier to clean. Door locks All tenants have a right to privacy, so make sure all bedroom doors are fitted with locks. Storage Every bedroom should have plenty of available storage. Slimline built-in wardrobes with internal shelves and drawers offer an all-in-one storage solution so smaller rooms don’t need to be cluttered up with extra furniture. Mirrored doors are an extra convenience and can make rooms appear more spacious. Fit a power shower There’s nothing worse than a shower with hardly any pressure, that doesn’t work well. Even if you don’t want to refit a new bathroom, at least fit a power shower. Low flow power shower heads can dramatically reduce water consumption without compromising the pressure. Extras Any additional extras you can provide to make communal living more practical for your tenants, will also make your property more appealing and easier to rent out. Including features such as a microwave oven, a larger fridge, a dishwasher, WiFi, and HDTV in the communal lounge can make all the difference. Pisoria specialises in flat shares and can offer landlords expert help and advice on preparing their properties for room-by-room lets. We offer a range of flexible services, from lettings only to full property management.   We can also provide you with competitively priced builders, interior designers and furniture suppliers to help get your property rent ready for flat sharing tenants. For more information on our services for landlords, contact us today at [email protected].

Flat Share Property Management

Flat Share Property Management – The Benefits For Landlords

Pisoria’s aim is to focus on the tenants, ensuring they are happy in their new home. However, our philosophy and approach is also beneficial to you as a landlord. We go that extra mile to ensure our tenants are happy, which means our landlords have peace of mind that their properties are in good hands and are being well looked after. Here are just some of the benefits for landlords who use Pisoria’s property management services. High Quality Tenants The nature of our properties and the services we provide means that we only attract high quality tenants who want a comfortable and pleasant place to call home. Not only do we specialise in sourcing and vetting quality tenants, we take pride in matching the right tenants with the right property in a neighbourhood they are happy with. Pisoria Social, our social network for our tenants, is a unique digital hub which also offers discounts and special offers around their chosen neighbourhoods. It’s a great success and helps tenants feel even more at home. But what’s in it for you? Well, the more a tenant feels at home, the happier they’ll be to stay longer term and renew their lease at the end of the tenancy period, which means less vacant periods. In fact our property portfolio is close to 100% occupancy because our tenants are happy and satisfied. Less hassle for them, means less hassle for you We’re here to make life easier for both parties. Pisoria acts as a bridge and communication line between the tenant and landlord and we’re happy to deal with any issues and queries that arise. With Pisoria you’ll benefit from insurance cover provided by our partners at British Gas. This includes a 24/7 emergency repairs hotline that tenants can call any time of the day or night. Tenants benefit from a fast response by engineers who will fix the problem quickly and efficiently, and landlords benefit from property protection without the hassle. Professional cleaning As a landlord one of your main concerns is that your property is being well looked after and kept clean. Rental payments include a fortnightly professional cleaning service which makes life easier for the tenants, while also ensuring your property is kept in good condition. All inclusive rent Tenants with Pisoria are charged an all inclusive rent which covers everything including cleaning and all household bills, so there are no arguments between flat sharers about dividing payments. This makes paying rent far easier for them and also means they don’t have to keep on top of various accounts. It also means you as a landlord aren’t having to chase up different payments throughout the month. What’s more, our Guaranteed Rent Service ensures you’ll be paid on time, at the same time, every month by each tenant. We also use a payments tracking service provided by GoCardless (www.gocardless.com), which enables us, as your property managers, to keep track of all payments and detect early payment problems so they can be rectified immediately. By keeping our tenants satisfied, we’re also keeping our landlords satisfied. Contact us today for more information.

Challenges For Landlords With Property Management Services

Challenges For Landlords With Property Management Services

4 Of The Biggest Challenges For Landlords In theory, investing in property to rent is one of the soundest ways to build up a healthy passive income. As a successful landlord you can expect a regular profitable return on your investment, which in some cases has allowed property owners to take early retirement and reap the rewards of renting. However, all too often, for many landlords the renting experience is stressful, timing consuming and expensive. Common pain points include damage to property, unsuitable tenants, rent arrears and eviction issues. Here’s a look at 4 of the biggest challenges for landlords and how a professional property management service can help overcome them. Finding Quality Tenants Finding the right tenants starts with marketing your property properly, then dealing with viewings and enquires. This can take up a lot of your time before you can even start seeing a return. And then there’s the vetting procedure, ensuring that your tenants will look after your property and pay the rent on time. Pisoria takes away the headache of finding good tenants so you don’t have to. We have a strict vetting procedure and are experts at sourcing and replacing quality tenants, giving you the peace of mind that your property is in good hands. Maintenance Issues Repair bills are a necessary evil that every landlord must deal with. But emergency repairs are even worse, especially if you have a disgruntled, panicking tenant phoning you at all hours because something’s gone wrong. As a landlord with Pisoria’s “Fully Managed” service, you’ll benefit from insurance cover from our partners at British Gas who will deal with emergency call outs including heating, plumbing, gas or electrics via their 24/7 emergency repairs hotline. The best way to reduce maintenance issues throughout the tenancy is to make sure your property is safe and fit to rent from the beginning. Pisoria provides a list of reliable contractors from builders to interior designers at competitive prices. This saves you the hassle of finding qualified contractors, while ensuring your property is in tip top condition before renting it out. We also provide a regular cleaning service during tenancy that benefits both tenants and landlords, to ensure the property is kept in a good state. Rent Arrears A major challenge for landlords is having to deal with late rental payments, or even no payment at all. Pisoria’s tenant vetting service means that these problems shouldn’t occur. We also use an excellent payments tracking service provided by GoCardless, which provides an early warning of any payment problems, so that we can act to rectify them immediately. We can offer guaranteed rents, and in the unlikely event that payment is late, we’ll chase them up to ensure you are paid. Vacant Periods Vacant periods are possibly the worst nightmare for a landlord, especially if their mortgage repayments rely on regular rental income. Renting out individual rooms on a flat share basis greatly reduces the risk of void periods. If you’re renting out a single property, it can sometimes take weeks or even months to find the right tenant. By renting out individual rooms, you can fill them within a matter of days. As Pisoria specialises in mainly flat sharing accommodation, our portfolio enjoys close to 100% occupancy. Also bear in mind, a happy tenant is more likely to stay put. A look at the volume of 5-star reviews on our Facebook page is testament to how satisfied our tenants are with our services. Pisoria focuses on providing a high quality property management service that benefits both tenants and landlords. For more information and advice on our property management services, contact us today.

Top Tips When Buying To Let In London

Top Tips When Buying To Let In London

What To Consider When Buying To Let In London 2017 is a challenging time for buy to let investors. The reduction in mortgage interest relief and the 3% extra stamp duty costs have made many potential landlords rethink about investing in a buy to let property. However, the volatile stock market and low interest rates, coupled with the overwhelming demand for rental properties outstripping supply, means that buying to let is still a viable investment. And with overall capital gain and the highest rental yields in the UK, London still remains the top spot for buy to let purchases. If you’re considering a buy to let property in London, then here are some things you should consider. Which Area?  The area you choose depends on what interests you the most: capital gains or highest yields. In the current climate, East London boasts the highest yields, whereas North London has higher capital gains. The regeneration in recent years of East London’s housing and transport links, makes it a particularly attractive investment area for potential landlords. Canary Wharf is one of the most popular spots for buy to let investors. The sleek and stylish financial district is fast becoming the choice of many professionals wanting a pied a terre near the office. And with the opening of the new Crossrail service in 2018, its popularity as a residential area is only set to rise. Whitechapel is another area that will benefit from Crossrail, while nearby Shoreditch and Docklands are becoming more and more popular as residential hubs. Tenants When choosing an area and property type, you’ll need to consider what type of tenants you want to attract. Depending on whether you want to rent to families, professional singletons or students, your search will need to factor in the following: Schools and parks in the area Restaurants, pubs and sports centres Vicinity to universities or work hubs Transport links Entire Property Or Rooms? Renting out an entire property gives you the assurance of a single income that’s secured for that period. There’s also less hassle with dealing with multiple tenants and less chance of maintenance issues. If you rent to multiple occupants you may (depending on the local authority’s stance on the matter) need comply with HMO legislation and local council safety regulations. However, a major risk of a single unit rental is having to deal with periods when the property is empty. Consider that the demand for rooms in a shared property in London, far exceeds supply, which means as a landlord you can expect almost 100% occupancy. Renting individual rooms in London is also more profitable and can increase your income by 20-30% compared to renting the property as a single unit. Property Management One of the most important decisions you need to make as a landlord is whether to manage the property yourself or use a professional property management service. Hiring a competent property management company makes more sense both financially and for peace of mind. A property manager has the knowledge and expertise to maximise your rental income, while taking care of important issues such as marketing, tenant screening, rent collection, maintenance and cleaning services. Pisoria offers landlords flexible property management solutions ranging from full property management to letting only services. For more information, contact our team today.