Owning a home is a great dream for some, but it does come with a lot of responsibility. When something goes wrong on a rental property, you may be inconvenienced, but it’s not up to you to fix it. As a renter, it is always a good idea to know about landlord responsibilities.
Beyond normal wear and tear, many things can go wrong. Many apartments or rental homes have appliances that come with the property. When something happens to the washer or the stove, you don’t have to fix it. This is one of many landlord responsibilities.
Besides appliances, the general upkeep of the exterior of the house is also part of landlord responsibilities. This might include wind damage to siding, peeling paint, broken steps or gutters. You should have a look through your lease, but usually part of landlord responsibilities includes the upkeep and maintenance of the yard if you have one, and any trees or shrubs. The landlord may pay you to take care of lawn mowing, or they may hire a landscaping company.
Landlord responsibilities also extend to your heating and water systems. They should have your heating system inspected each year before it is turned on. If there is a problem with the plumbing or heating, they should fix it, or contact someone to fix it, as soon as possible. If you have any questions about landlord responsibilities, refer to your lease. if the lease fails to help you understand, don’t be afraid to call your landlord and ask for specifics. Simple communication is often the key to avoiding huge issues between landlord and tenant.
Perhaps one of the biggest landlord responsibilities is to keep records and make sure your security deposit is returned to you when you vacate the premises. Your lease should spell out what is expected when you move out. If you are sure everything is as it should be, and you haven’t received your money, you can file a complaint. As a last resort, you can get legal help in regards to landlord responsibilities. If you feel you are mistreated or that your living situation is dangerous and your landlord won’t do anything about it, don’t be afraid to ask for legal help.
Birmingham offers a warm climate all year round, with plenty of outdoor activities to indulge in, such as the beaches, 26 golf courses, rambling, skiing, water-sports, breathtaking countryside, and attractive Spanish culture.
Property prices in Birmingham being much lower than in their home countries, people are ready to afford a holiday or second home, or are seeking to relocate to the country on retirement. The UK property market continues to be at the top of the list for investment and holiday homes.
Birmingham offers a wide range of properties from city apartments in Seville to luxury villas in Costa Blanca and stone farmhouses in Galicia. Lettings by Apex property also offer investors great “Buy to Let” opportunities in an already established market.
With about 2.8million foreign residents in Birmingham, apart from growing tourism figures, Birmingham is a top destination for foreign property investment. According to Birmingham Ministry of Tourism, more than one million foreigners are likely to buy homes on the UK coast in the next six years, and this figure is likely to triple by 2025.
Birmingham offers a large flourishing rental market, with good rental potential, achieving excellent returns. Birmingham is a top choice for tourists enjoying a variety of accommodations, such as private villas and apartments. The property can be rented out for six months of the year to cover costs and can be used on one’s own free of charge for the rest of the year. There is an increasing tendency seen among youngsters below 30s to buy a property in Birmingham.
Birmingham property investment has been quite popular among investors for a long time now, and continues to be the favorite, particularly for UK investors due to numerous low budget airlines connecting UK and Birmingham. Most investors buy properties in Birmingham seeking a secure rental income from their investment, as Birmingham is a safe option for rental yields, with reliable tourist industry having proved it several times.
Current Property trends in Birmingham
The Birmingham property market is cooling off and it is yet to be determined whether it is a bubble ready to burst or if it will continue with its positive and milder increases.
Although in some aspects UK property market is deteriorating with transactions dropping by more than 40 percent this February, as against February 2018, in major regions the construction works are proceeding normally, with property continuing to be the best form of investment. Despite the fact that newly built properties are having better resale values, developers are facing a terrible time with sales down by 60 percent since September 2018, with unsold properties and growing stock. But, that is only a vague overview of a complex situation with several other exceptions.
Birmingham has a stable and mature property market, with prices of properties have increased by 48 percent during the past three years. However, an increase in price has been predicted in the near future, in both popular coastal resorts, and in inland regions, according to experts.
Property experts suggest that this is the ideal time for an investment in UK property, as the interest rates are low, and the economy is strong, and there is a huge demand for rental accommodation, which is further fuelled by the revolution of internet bookings.