Expert advice on managing a high-value property let

Whatever the price, we understand that a property is one of the biggest financial commitments you’ll have. When this property is of a higher-than-average value (£500,000 and upwards, as a general rule), there can be more at stake when it comes to renting it out.

So what do you need to consider, in order to make sure that your high-value property is a success on the rental market?

Consider your tenants

Firstly, think about your prospective tenants. A high-value property means that the rent will be considerable, so the condition needs to reflect that.

With higher-value rentals, tenants are often older, perhaps with family in tow, and they will expect their home to be of a certain standard.

This means that landlords should ensure the property is in first-class condition, with all furniture, fittings and appliances clean and well-maintained. Fresh redecoration of the property can also be advisable; tenants may intend to live there for the long term, so you should make the property as enticing as possible.

Ensure effective management

Secondly, it’s essential to manage your property effectively. It’s understandably a concern for any landlord that its condition may be affected, and this concern can increase in line with the property’s value – particularly if your property is listed, as many in Edinburgh are.

How can ESPC Lettings help?

This is where ESPC Lettings can help. Our team of property experts are experienced in handling properties of all values, and work hard to ensure peace of mind for both landlord and tenant. We’ll advise you on everything from the inventory to the insurance policies to protect your property.

We’ll also market the property appropriately and find the perfect tenants, with a thorough vetting procedure that means you can be confident that your property is in safe hands.

ESPC Lettings can provide a full management service, including maintenance, rent collection and just about everything else, so you can relax and let us look after everything.

Find out more

ESPC Lettings is an Edinburgh letting agent. We can help with marketing your rental property and finding the right tenants.

Contact the team on 0131 253 2847 or landlord@espc.com.