Parks Refurbishment – the What’s, Why’s & How’s…
Here at Parks Residential, we offer our Landlords a selection of services to help support them in their journey to investment security and financial endeavour. From market appraisals, to rent guarantee, comprehensive property management and professional tenant referencing, we cover all the key areas to help make the process profitable and as plain sailing as possible. As mentioned in last weeks’ blog (how to maximise your rent), one of the ways in which we can help Landlords achieve this is through property refurbishment.
Currently, we offer Landlords two types of refurbishment services. The first service relates to large scale refurbishment works which falls under our Project Management Service. This is for Landlords who are looking to upgrade their current kitchen, bathroom or carry out a full-scale refurbishment of the property throughout. This package also covers works such as major electrical upgrades or existing plumbing and gas installations. Additional to this, we offer a service for more minor works both internally and externally, which is our Refurbishment Management Service. This is for Landlords who want to ‘refresh’ the property by way of redecorating walls, woodwork, window casements/refurbishments or replacing floor coverings.
Whether you are looking to achieve a higher rent, or just improve the maintenance on your property and minimise longer term expenses – we can arrange to assess what works are required as well as the potential outcomes you can expect as a result of carrying out these works. Your property manager would then draw up a specification and once an agreement is in place, a tender process would then be undertaken in order to obtain the most competitive price available for the project/refurbishment.
For the duration of the works being undertaken, your property manager will carry out regular weekly inspections to assess the progress, and the Landlord will be provided with a full report post visit. These reports will detail the works being carried out by the contractors, including photo updates throughout every step of the way.
Now we’ve covered the what, let’s move on to why exactly this service is so beneficial towards our Landlords. First and foremost, this package ties in directly to maximising the rental figure on your property. Newly refurbished properties with all new appliances, painting, tiling and general quality upkeep are naturally significantly more desirable to prospective tenants. Increased applicant demand therefore entails an increased boost on rental asking price, thus following Landlords into ongoing financial prosperity. Not to mention, those maximised rental figures mean our Landlords can easily restore any financial investment made with the offered service.
The benefits of this package don’t simply end with rental figures. In fact, another vital advantage of refurbishment is the way in which it secures your property against future difficulties, such as maintenance related hurdles. No Landlord enjoys handling malfunctioning electrical installations or arranging for a decorator to fix the cracked floorboards, especially when these issues are often time consuming and pricey. The power of the refurbishment package being it handles these matters right at the start before they inevitably, and rather awkwardly, crop up during the tenancy.
Lets not forget, tenants will always want to remain in a property they’re proud of, where the condition is found new and in excellence. Certainly, and understandably, those residing are going to be far less likely to consider moving onto somewhere else if they’re pleased with the overall décor of their home. As a result of this, the refurbishment package can ensure our Landlords will face less hassle going forwards by avoiding change of tenancies, and the search for new reliable tenants. By downsizing the potential for tenants to have a sudden change of mind, our Landlords can maintain rental income via secure and happy tenants residing in their properties.
The best outcome our Landlords can ask for regarding their investment really can be boiled down to three fundamentals: maximum rent, a desirable property and quality contented tenants. Rest assured, the services provided via our refurbishment packages guarantee these targets can confidently be met.
Here at Parks, our friendly and professional team are waiting to take your call if this service is something that interests you. You can reach us on 01273 202089 between the hours of 9-5.30 Monday to Friday, and 9-1.30 on Saturdays. Alternatively, we can be reached via email; to communicate with our property manager please contact Courtney on email@example.com, or letting director Antony on firstname.lastname@example.org. We look forward to hearing from you soon.