Browse > Home / Archive: August 2008

Save energy when you develop a property

August 26, 2008

Thanks for visiting! If you're new here, you may want to subscribe to our RSS feed. .
This site posts daily property development tips and news on a wide variety of subjects ranging from DIY to mortgages, from property finance to industry news.
Go ahead, subscribe to our feed! You can also receive updates from this blog via email
Thanks for visiting!

When you come to develop a property for the rental market, one of the considerations you should have is making sure that it’s economical to run. Tenants will always look for ways they can save money in their rental accommodation, and having a house that’s cheaper to run will allow you to make more in rental income, and make your property more attractive to the rental market.

For example, under-floor heating is expensive to install, but drastically reduces the heating bills within the property as it’s very economical. Tenants will be able to save a lot of money on their electric and gas bills if you have under-floor heating installed in your property, so they’ll have more money to spend on essentials in life, and of course on rent for you!

Just as installing cost reducing apparatus can make your building more attractive, there are other things you can install that might cost more to run. For example, you could install air conditioning units into your flats to make them more desirable, but the costs involved with running them would make actually living in the property more expensive.

Keep your property cheap to run, and you’ll reap more from it in terms of rental income.

Popularity: 46%

Or subscribe via email: 

26. August 2008 | Buy-to-Let | Leave a Comment | Trackback-URL