Hello, property owners and real estate enthusiasts! As you should know, I’m Dewi from Orange Rentals, Liverpool’s premier serviced accommodation, holiday let, and short-term rental management company. I’ve spent countless hours helping property owners, like you, navigate the intricate process of getting a property rental ready. There are many common questions and misconceptions out there, so let’s delve into some of these, starting with one of the most commonly asked questions, “Do I need fire doors?”
The answer lies in understanding the distinction between fire-resistant doors and certified fire doors. According to the Housing Act 2004 and the Regulatory Reform (Fire Safety) Order 2005, internal doors should be fire-resistant, but only Houses in Multiple Occupation (HMO) require certified fire doors for every door leading to an escape route. Installing fire doors, even when not required, does provide that extra level of safety and may reduce insurance premiums, making them a valuable addition to your property.
As we talk about safety, there’s another vital document to be aware of – the Gas Safety Certificate. This is a legal requirement for any property that has gas appliances. An annual check must be performed by a registered Gas Safe engineer, and the certificate provided to the tenants. Failing to comply could lead to severe penalties, so it’s best to stay ahead of the curve on this one.
Smoke alarms and carbon monoxide detectors are two more essential elements. UK law requires at least one smoke alarm to be installed on every storey of a property that is used as living accommodation. If you have any appliances burning solid fuel (wood, coal, or biomass), a carbon monoxide detector is also mandatory. It’s a small investment that can literally save lives.
A crucial, often overlooked element of preparing a property for rent is the Electrical Installation Condition Report (EICR). This document certifies that the electrical installations in the property are safe. As of April 2021, landlords must have an EICR performed every five years and provide a copy to the tenants. A failure in electrical safety can have severe consequences, so an EICR is non-negotiable.
In addition to safety, your property’s energy efficiency is also a critical factor. You need an Energy Performance Certificate (EPC), which grades your property’s energy efficiency from A (most efficient) to G (least efficient). It’s a legal requirement to have an EPC whenever a property is built, sold, or rented out.
Beyond regulations, remember that your property’s aesthetic appeal will be a significant factor for potential tenants. The exterior should be inviting and the interior design should strike a balance between attractive, durable, and functional. Make sure any necessary repairs are addressed before showing the property to potential tenants.
Lastly, remember to inform your mortgage provider and insurance company about your plans to rent out your property. It’s not just a courtesy; it can significantly impact your mortgage terms and insurance coverage.
Tackling the rental property market might seem overwhelming, but by understanding and following these steps, you can ensure a smooth transition. With a solid foundation in safety and legal requirements, paired with a touch of aesthetics and practicality, your property will be ready to generate significant rental income.
As always, we are here at Orange Rentals to support you on your property journey. Feel free to reach out with any questions and remember – the rental market doesn’t have to be a puzzle. It’s your next adventure!
Until next time, keep building your property empire!
Dewi Roberts – Orange Rentals
