![]() ![]() It's an investment for the long-term, but when you consider the fact that returns on cash savings are extremely low once inflation is taken into account, it's easy to see why it's so popular. ![]() This view has been fuelled by continued house price rises in recent years, which have seen the value of bricks and mortar significantly enhanced. Property has long been thought of as a decent investment, particularly when compared to saving in cash, and it can even give stock market investment a run for its money. Legal and accountancy fees – these can include drafting of tenancy agreements, deposit scheme registration, setting up a limited company, or producing your annual accounts and tax returns. ![]() Cleaning and redecorating your property – after a tenant moves out you will need to clean and possibly redecorate your property.Maintaining your property – you will need to make sure your property adheres to all the legal safety requirements, such as maintaining gas and electric and smoke alarms.More comprehensive policies can include cover for contents and damage, loss of rent and legal fees. Buy to let landlord insurance – a specific insurance policy to cover rental properties - at the most basic level this will cover you for buildings insurance.Letting agency fees – a basic service to find, interview and credit check tenants and a full management service, where all aspects of the property rental is handled on your behalf.There are five additional costs to consider when setting up as a landlord: ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |