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Rural Diversification
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<blockquote data-quote="steveR" data-source="post: 7262545" data-attributes="member: 66976"><p>There is a HUGE difference between proper maintenance of an old property, and the major refurb and expenditure required to bring a traditional cottage to Band C on an EPC. Even worse, if you are trying to maintain trad features on the property.</p><p></p><p>I was chatting with my Agents early this year, and she informed me that as expected, loads of properties were now on he market as Landlords costed the expenditure versus projected income, and found it a poor return.... Around here (and I am sure the same elsewhere) property rentals reach a ceiling, and no matter what you do to the property, it is a struggle to push a rent.</p><p></p><p>Short term tenants (3yrs and less) rarely give a hoot to anything other than headline costs, and Rates, EPC and heating bills are rarely a consideration.</p><p></p><p>We had woodburners in 3 properties, now gone. Looked nice but added too much cost to maintenance, even if they contributed to low cost heating for some, they were a no-no. Slap in a combi, and walk away... To be legal woodburners cost more than a gas or oil combi/annum on maintenance I found.</p></blockquote><p></p>
[QUOTE="steveR, post: 7262545, member: 66976"] There is a HUGE difference between proper maintenance of an old property, and the major refurb and expenditure required to bring a traditional cottage to Band C on an EPC. Even worse, if you are trying to maintain trad features on the property. I was chatting with my Agents early this year, and she informed me that as expected, loads of properties were now on he market as Landlords costed the expenditure versus projected income, and found it a poor return.... Around here (and I am sure the same elsewhere) property rentals reach a ceiling, and no matter what you do to the property, it is a struggle to push a rent. Short term tenants (3yrs and less) rarely give a hoot to anything other than headline costs, and Rates, EPC and heating bills are rarely a consideration. We had woodburners in 3 properties, now gone. Looked nice but added too much cost to maintenance, even if they contributed to low cost heating for some, they were a no-no. Slap in a combi, and walk away... To be legal woodburners cost more than a gas or oil combi/annum on maintenance I found. [/QUOTE]
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