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Property Turn Offs Are Good News For Property Investors

Property Turn Offs Are Good News For Property Investors

The Top 20 Property Turn-Offs
That Are Good News For Property Investors 

There are a number of obvious things that can put the general public off buying a property including damp, rotten windows and lack of a garden among the list of deal breakers for potential property buyers.

A survey by popular comparison website gocompare.com found that 70% of potential property buyers would not buy a property which had damp patches or stained walls or ceilings, 63% were put off by properties in a poor state of repair and 15% were put off by clutter.

Properties with problems are good news for landlords and property investors, as they have experience of rectifying issues in order to turn a profit and problems mean discounted sale prices, allowing equity to be locked into the deal from the start.

Generally, ordinary home buyers are afraid to spend money on issues that they know nothing about, however landlords and property investors can see beyond the solution and realise potential profit by fixing the issues that put off everyday home buyers.

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End Of Tenancy Cleaning Is Main Cause For Deposit Disputes

End Of Tenancy Cleaning Is Main Cause For Deposit Disputes

Cleaning Causes Deposit Disputes

UK private rented sector landlords know that at the end of a typical tenancy the most common cause of a deposit dispute is the standard of the cleaning.

Deposit disputes have increased 10% in 2013, rising from 46% in 2010 to 56% in 2013, according to new data from the Tenant Deposit Scheme (TDS).

End of tenancy cleaning has consistently been the most common dispute between landlords and tenants arguing over the refund of deposits, in mediation cases brought to the attention of the Tenant Deposit Scheme (TDS) and the number of disputed deposits are now at the highest level since the scheme started.

  • 43% of disputes are over damage to rental property
  • 30% of disputes concern redecoration
  • 17% of disputes brought to the attention of the TDS concern rent arrears
  • 13% concern the state of the rental properties gardens

The TDS figures show that 55% of disputes were raised by tenants, with 21% receiving 100% of the deposit amount in dispute. 45% of deposit disputes were raised by landlords and letting agents, however, only 19% received 100% of the amount in dispute.

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There Will Never Be A Better Time To Invest In Property

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