Landlord Voice Magazine June 2015 - Bristol | Page 18

Decorate for life and not for strife W ith buy-to-let investors paying higher rates and fees for mortgages than domestic borrowers there is can be pressure to maximise profit and minimise expense and while the majority of landlords would prefer to decorate their properties to the standard they would have in their own homes, the truth is that a buy-to-let is going to see some very hard wear over the course of its service. With this is mind, it is fair to say most veteran landlords would agree that the most sensible goal when renovating and decorating a rental home is durability. Practical, tough fixtures and materials, though initially expensive can save landlords bundles of cash in the long run, as will the right preventative measures at the outset. Don’t let mould become a problem Damp and mould can unleash no end of financial hardship for landlords, with serious health implications for tenants which are enforceable by local authorities under the Housing Act 2004 and can lead to prosecution if allowed to escalate. A few basic steps landlords can take to sidestep the problem include: • • • • • • Using anti-mould especially in high-risk areas such as kitchens and bathrooms Installing an extractor fan in the bathroom which triggers when the light is switched on Buying extractor fans which overrun for 20 minutes once they have been switched off Making sure gutters are cleaned regularly Not providing indoor plants. The soil can be a breeding ground for mould Investing in a PIV loft unit. Although a bit pricey, it forces dry air from the loft down into the house and pushes out damp air, preventing mould from forming in an inherently damp property Should I use tiles in a buy-tolet? The answer is yes. Damp can often be caused by condensation from too much steam inside a property P18 | June 2015 | Landlord Voice triggered by cooking, clothes drying or showering, and anyone who has tried to get rid of it will tell you it is much easier to wipe off and much less damaging on tile. Tiles are much more resistant to mould than painted plasterboard and walls and so a better option. Do not decorate with light paints and carpets Any buy-to-let veteran will tell you that it is very difficult keeping light walls and carpets clean. If you make this mistake you will soon find yourself spending most of your rental profit on fresh coats of paint and replacement carpets. Experienced landlords tend to use light browns and greys. Buy hard-wearing carpet and use laminate flooring Carpets in a buy-to-let property take a serious hammering so do yourself a favour and invest in thick, durable ones. Most carpet dealers will give advice about which are suitable for a rental property and will withstand heavy footfall and stain removing shampoos. While laminate flooring can expand when wet and moist – especially during the winter - they can last for quite some time and are cost-effective as you only need to replace the ruined areas when they expand rather than the entire unit, as is the case with carpets. Invest in a little extra when buying paint, tiles and flooring Finding the same shade of paint or tile pattern is always harder than expected, but buying extra at the outset will help avoid being hit by a big cash outlay when the time comes for replacement. Do not over-estimate your skill set Most property investors want to do the work on a buyto-let themselves but if a task is beyond your ability you must call in a professional. The extra you pay will cover itself in time – especially when the costs of continuous replacement and related damage are taken into account. Landlord Voice | June 2015 | P19