‘Modernisation Of Rentals A Serious Issue’ Claim Accord Lets
5 June 2009
In light of the recent announcement made by the Association of Residential Lettings Agents (ARLA) that a new incentive scheme should be introduced to encourage landlords to modernise their homes, Accord Lets, the regional property specialists, offering property to rent in Leamington, Birmingham and Warwickare supporting this claim.
As the buoyancy of the rentals market continues to go from strength to strength, and the number of rental properties continues to increase, more and more tenants are living in homes, apartments or flats in desperate need of modernisation.
Mr Mimmack, from the firm who offer not just Birmingham apartments to let but property to rent in Leamington and Warwick property to let, said, “Here at Accord lets we agree with ARLA that improving rental properties by using an incentive scheme would be extremely beneficial, especially if tax relief was given to landlords who were keen to comply.”
The recent figures launched by ARLA did in fact find that if landlords were able to receive immediate tax relief 61 per-cent would upgrade their property in some way.
Property owners who do decide to modernise their homes may also be in a position to reap double the benefits if tax benefits are introduced. As well as saving money on their expenses, they would then be in a position to ask more rent for their property, as it would be much more desirable to the average tenant on the street.
Mr Mimmack added, “Modernising a property has many benefits for the landlord including the fact that it will maintain the property’s value if they do decide to sell up at any point in the future. Today’s buyers are becoming increasingly hard to please and rightly so. It makes sense for property owners to stay ahead of the game. Refurbishing or modernising a property also means that the tenant may opt to stay there for longer, resulting in a steady flow of income for the landlord, which just goes to show that spending a little time, money and effort can pay dividends in the long run.”
About Accord
Accord was formed in 1990 with the aim of providing a professional, approachable, honest and caring service.
They are a premium-letting agent with property to let in Leamington, Birmingham and Warwick.
They believe that they have been able to hold on to these principles and that is the reason why so many of their clients have continued to use them. Their clients include a mix of prospective tenants and property owners, and they are proud that their clients still recommended them to others.
Currently the company has two offices: one in Birmingham city centre and the other in Leamington Spa.
As a company they are committed to building long-term relationships as they have found that property letting is not just about property and systems but, most importantly, about people.
You will find the company harnesses the latest technology to present properties well and as widely as possible, communicates efficiently and effectively and believes strongly in personal customer service.