Property FAQ's

❓ Frequently Asked Questions

💷 How Much Does Property Management Cost in North London?

Property management fees vary depending on the level of service you choose.

Typical full management fees usually range between 12%–15% of the monthly rent.

• 🏠 Day-to-day tenant management
• 🛠️ Maintenance coordination
• 📋 Compliance and legal support

At Element Properties & Co, we offer a transparent fee structure with no hidden extras — everything is clearly agreed upfront.

🧾 What Hidden Costs Should I Budget for When Buying or Selling?

Beyond the purchase price or sale value, there are a few additional costs to plan for:

• ⚖️ Solicitor and conveyancing fees
• 🏛️ Stamp Duty Land Tax (buyers)
• 🏦 Mortgage arrangement and valuation fees
• 📣 Estate agent fees (sellers)
• 📄 EPC certificates and compliance costs

Planning for these early helps you budget accurately and avoid last-minute surprises.

🤔 Should I Use an Estate Agent to Sell or Let My Property?

Using a professional estate agent offers clear advantages:

• 📊 Accurate, evidence-based valuations
• 🎯 Targeted marketing to qualified buyers or tenants
• 👥 Managed viewings and negotiations
• ⏱️ Reduced risk of delays or fall-throughs

While DIY listings may save commission upfront, they often result in longer timelines, weaker enquiries, and compliance risks.

📈 How Can I Increase My Property’s Value Before Selling or Renting?

The strongest returns usually come from improvements that enhance first impressions:

• ⚡ Energy efficiency and EPC upgrades
• 🚿 Modern kitchens and bathrooms
• 🏡 Improved curb appeal and exteriors
• 🛋️ Professional staging and presentation

Even small updates — such as fresh paint, better lighting, or new flooring — can significantly boost perceived value.

📜 What Do Landlords Need to Know About Compliance in 2025?

Landlords must stay on top of several legal requirements, including:

• ✅ Valid EICR and Gas Safety Certificates
• 🚨 Smoke and carbon monoxide alarms
• 🔐 Deposit protection and prescribed information
• 🌱 Upcoming energy-efficiency regulations

Working with a professional managing agent helps ensure deadlines are met, paperwork is stored correctly, and legislation changes are applied automatically.

🧾 How Does Probate Affect Selling or Managing an Inherited Property?

A property subject to probate cannot be sold until a Grant of Probate has been issued.

Experienced probate agents can assist with:

• 📊 Accurate market valuations
• 🔐 Securing and maintaining the property
• 🤝 Liaising with solicitors and executors
• ⏳ Managing timelines sensitively and efficiently

🏘️ What’s the Best Way to Rent Out a Property in North or East London?

Successful rentals start with proper preparation:

• ✨ Clean, compliant, and well-presented homes
• 📍 Correct pricing based on local demand

A trusted letting agent will manage marketing, tenant referencing, tenancy agreements, and compliance — saving you time and stress.

Element Properties & Co covers both North and East London, combining wide reach with strong local knowledge.

🤖 How Is Technology Changing Property Sales & Lettings?

Technology is reshaping the industry through:

• 📸 Virtual and digital viewings
• ⚡ Instant valuation tools
• 🏠 Smart home and energy insights
• 💬 AI-powered communication and enquiry handling

At Element Properties & Co, we use technology to speed up marketing, improve communication, and help clients make better-informed decisions.