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Investors looking to rent 'should know their market'
26 Jun 2008
Landlords must ensure they know their market when they are preparing to rent out a property, according to an expert.
Simon Gordon, head of communications at the National Landlords Association, says appropriate small touches could attract tenants.
As an example, he says landlords in London could consider putting desks into their property and installing broadband to appeal to young professionals, but adds this approach may not work in other areas.
Mr Gordon claims buy-to-let investors do not have to incur too much of a cost to make their properties appealing.
"Little changes, such as giving the walls a fresh coat of paint, can make a big difference," he adds.
According to a Private Landlords Survey, 22 per cent of landlords believed their property to be in "excellent condition" and needed nothing done to it.
Only three per cent of properties were rated as poor or very poor, the study revealed.
