If you are letting a property sometimes it is worth carrying out improvements to maintain or enhance the property’s capital value and rental value. At Chancellors, we offer landlords a flexible refurbishment service – whether the job is large or small, our in-depth experience means we can advise on the best way to maximise your property’s rental value.
Our refurbishment service in practice
Having let and managed his property through Chancellors for several years, one of our landlord client’s was keen to make improvements to his two bedroom house in Headington, Oxford. Through our specialist refurbishment team, Chancellors oversaw the whole project from start to finish. And you don’t even have to be local when the works are being carried out. Located overseas at the time, the landlord reviewed computerised images of potential kitchen layouts, bathroom designs, and living room colour schemes and flooring.
When potential tenants viewed the property they could see the computerised images of how the house would look. As a result of the improvements the rental increased by £270 per month, and a three year tenancy was agreed with annual rent increases. The landlord was very happy with the result! Here is his five-star review from Trustpilot, a leading independent review site:
“I am really happy with the cooperation I had with Chancellors and the building contractor. Both of them were very responsive, understanding, polite and the job was done in no time. The biggest challenge was that I am currently living abroad and both companies were very skilful in responding quickly and also keeping me happy. And I am a very demanding customer! I would like to thank them from the bottom of my heart and if I had to do it again I would do it in the exact same way. Excellent job!”
Before the refurbishment:
And after…
For more details about our refurbishment service see our Guide to Landlords or email refurbishments@chancellors.co.uk.
Correct at time of publication. The views and opinions expressed herein are those of the individual contributor and do not necessarily reflect those of the Chancellors Group of Estate Agents Ltd or its subsidiaries. References to legislation, best practice and other matters with legal implications such as fees, rules and processes are included for information and editorial purposes only and are not authoritative, nor should they be interpreted as advice. When in doubt you should only take advice from an industry professional or solicitor where appropriate. E&OE.
