Refurbishment Management Service
From time to time, rental properties need more than routine maintenance, and property needs to be refurbished by experienced trade professionals.
You may want to renovate your property for these reasons:
- You have just bought your property and want to improve it.
- You want to make it as attractive as possible for future tenants.
- Bring tired properties up to the standard expected by tenants.
- Minimize void periods and increase the rental value of your property.
- To get the best possible mortgage valuation.
- Keep up to date with fire regulations.
- Or perhaps you want to refurbish to achieve the best possible sale price.
You may decide to refurbish in these ways:
- Split rooms to create extra bedrooms.
- Take walls down to make more open plan living space.
- Update bathroom suites and kitchens.
- Add en-suites into bedrooms.
- General decoration.
- Improving floors with new carpets or laminate floors.
- Convert the garage to living or bedroom space.
- Replace windows.
- Improve garden space with fencing, patio, plants and furniture perhaps.
Many landlords may not have the desire to refurbish the property themselves.
Perhaps you don’t have the time, experience, access to a professional refurbishment team or maybe you don’t live close to your property.
There can be uncertainty about the scope and cost of the works. There can be delays if you are not able to manage your refurbishment team closes.
And you may end up with a refurbishment you are not happy with.
Jones & Co can solve these problems…
We have a dedicated property renovation team that can handle all refurbishment works, form redecoration through to replacing bathrooms, kitchens, and even extensions.
We are experienced landlords, property investors, and property managers that have carried out many renovation projects.
- We discuss what you want to achieve and give our advice on your refurbishment project.
- We arrange quotes from our experienced renovation team
- We discuss the cost and options with you. Instruct our refurbishment team, produce and discuss the schedule of works so we all know what needs to be achieved
- We will arrange access and if you have tenants, keep them informed.
- We check work is done to the agreed specifications and arrange payments to contractors.
- Where necessary, we retain warranty paperwork.
After using our Refurbishment Management Service, get the refurbishment you wanted within the agreed time-scales and budget.
You have the confidence that our experienced, trusted trade professionals have completed the works to the required standard.
And you have not taken up your time and head space with the back and forth of managing the refurbishment.
House Furnishing Service
It is common for shared student houses and shared professional homes to come fully furnished.
The amount of competition in the shared house market is increasing, and the standards are rising. A landlord can’t change the location and usually the size of their rental property. However, furnishings and decoration are both things you can control.
We find that shared housing standards are rising. Too often, we see good properties in a good location with poor furniture, décor and photography, letting the property down and increasing the chance of void and lower rental price.
Even reducing the house’s rental price sometimes has limited impact as tenants will happily pay for good, well decorated and furnished rooms.
You may have bought a new property that you want furnishing or the furniture in your existing property needs updating.
You may not have the time or inclination to decide upon and source the required furniture. You may need advice on what type and standard of furniture tenants expect and what would work in your property.
Even if you decide what furniture to buy, you may not want to arrange delivery, access to the property and assembly of the furniture.
Jones&Co Furnishing Service will take care of all of this for you:
- We discuss what you want to achieve in your property, style, quality and cost
- We visit the property to understand the space and take measurements
- We give you advice on what furniture to buy
- We research, source and order the furniture
- We arrange delivery, access to your property and furniture assembly
- Examples of furniture and other items include Beds, mattresses, wardrobes, chest of draws, bedside tables, desks, chairs, lamps, curtains, light shades, mirrors, shelves, sofas, armchairs, dining table and chairs, kitchen crockery, utensils, pots, pans, kettle, toaster, microwave, chopping boards, cutlery trays, bins, mops, buckets, cleaning products, notice board, artwork, plants.
Now you have great furniture we need to show it off… so if we are marketing your property we also:
- We dress your property with duvets, pillows, cushions, throws, laptop, books, lamps, plants.
- Take photographs of your property and walk through videos to show off your property at its best.
You have saved your time and effort deciding on what to buy, ordering it, arranging delivery and assembly.
You get a fully furnished property that meets the standard required by tenants now and into the future.
Your property is furnished to a higher standard than many on the market.
Your property is marketed with excellent photography and video to maximise the rental price and your return on investment.
You can see examples of properties we have refurbished on our website.
Buy to Let Advisory
Strategy is a grand word, and I think of it simply as a plan to achieve a goal.
You may be considering buying property for the first time. You may have already decided to invest in property is the best way to achieve your goal. Or you are already a landlord and feel stuck and hesitant and need some guidance to move forward. Perhaps you need clarity on some issues or confidence that you are heading in the right direction.
Embarking or continuing on a journey as a landlord and property investor can be daunting. Even if you are a practised, experienced investor, we can all benefit from guidance.
The numbers involved in buying property are significant, and getting it wrong can be expensive.
Our clients ask us these questions, and you may need help to answer the questions like:
1.Why do I want to buy a property?
2.When is the best time to buy a property?
3.What is my attitude to risk?
4.What are my sources of funds?
5.What type of property should I buy?
6.What location is best?
7.How to compare properties to buy?
8.Who do I need to know to help me buy a property?
9.What do I do when I have bought my property?
10. What do I need to do to get my property ready to let?
11. Should l decorate and furnish my property?
12. How do I keep my property and tenancies compliant?
13. I have a problem with a property I already own; what should I do?
14. How to i grow my property portfolio quickly?
15. I am considering selling my property. Is that the right option for me?
Of course you may have other specific to you that we can also help you with.
A Property Strategy Call with us can help you work through these questions,We follow these 4 steps:
1 – Understand & Quantify your Goal- We will start by understanding your goal. We will quantify your goal, often in terms of time scales and money but could be expressed as an outcome.
2 – Understand where you are now and problems you are facing.
3 – We will then explore the options to get there and think about each option’s pros and cons.
4 – Then you select the options and reject others to create the plan and actions you need to take to achieve your goal.
We will send you an email outlining what was discussed and arrange a follow up if necessary.
Finally, the critical step of putting the plan into action is up to you, but we are here to help.
You can move forward to achieve your goal with clarity and confidence very quickly and often avoid delays and mistakes.
Property Sourcing
You have decided to invest in property to help achieve your financial goals. You have funds available. You may own property already, or this could be your first venture into being a landlord.
Perhaps you don’t have the time available to do what is necessary to source and buy properties that meets your financial goals. Or you don’t have all the experience you would like or don’t feel confident you will buy the right property.
Perhaps you are not local to Norwich, so viewing properties can be difficult. Or You don’t know Norwich property market as well as you would like, so risk buying a property in the wrong area.
Or even, you prefer not to go on this journey alone but prefer to invest with confidence with the help of an experienced and local property investor and property manager.
Jones & Co Property Sourcing Product can help.
We ask you about your motivations and understand the resources you have in terms of time, experience and funds available.
Then we quantify your goals in terms of time scales and financial goals. To do this, we ask you to complete our Property Sourcing Questionnaire and discuss the results with you.
We present a plan to get you where you want to be, whether that is to buy just one property or a larger portfolio.
We research the market and source properties that meet your goals and arrange in-person viewings of the property then take video or photos to share with you.
We present a short-list of properties with a description, pros and cons and financial headlines of each.
We compare each property’s financial headlines side-by-side. Such as likely rental income running costs, deposits, stamp duty and fees required, and potential refurbishment and furnishing spend. In these ways, you know the possible performance before you buy the property.
If required, we will negotiate the purchase price, so you get the best deal.
We have a range of complementary products to get your investment producing a return as quickly as possible. They are:
- Refurbishment Management
- Furnishing Service
- Letting and Property Management Service
At the end of the process:
You have saved time as we only present properties likely to meet your financial goals, and we do the leg work for you.
You have benefited from our experience and knowledge of the Norwich rental market and leveraged the network of contacts we have in the area.
You have confidence in the property as you have had a comparison of the property’s likely financial performance before you buy it.
You have avoided delays and make money sooner. You can get your property up and running and providing a return for you quickly by using our complementary products.
Fixed Interest Loan Agreement
Situation
Do you or someone you know have funds receiving little or no interest?
Problem
Low interest rate on your savings mean that after taking into account the impact of inflation, the value of your money is actually decreasing. It means your money buys you less today than it did previously.
Solution
Jones & Co Lettings offers a way to make your money work harder for you by paying a higher interest rate than your money may currently be receiving.
We draw up a loan agreement, documenting:
1 – the amount of money to be loaned
2 – the interest rate and how often it is paid
3 – when the loan will be repaid
4 – consequences of late or non payment
the loan comes with a personal guarantee drawn up by a solicitor and to ensure you are comfortable with the terms of the loan and personal guarantee, we insist on paying for a solicitor of your choosing to review the documents.
The loan is used in a property project, perhaps to buy and refurbish a property.
Benefits
So you know your money is working hard for you and is protected against the effects of rising inflation. You have security and knowledge you are working with a reputable and experienced property investment company.
Please book a phone call to explore the next steps.
