Top Ten Tips For Property Investors

So you’re thinking of property investment…

It can seem daunting…

But in truth, it doesn’t have to be.

If you prepare right and know what to expect it can be an easy and hassle-free move.

Here are our top 10 tips for property investors:

• Market Research

First of all, do a market research. Is now a good time to invest in property at all?

How will the prices change in the near future?

The more you know, the better chance of your investment paying off!

• Location

The market research should also show you where is the best location to invest in. It doesn’t have to be the most expensive or cheapest area, it should be the area where people want to live – whether they are students, young professionals or families.

• Finances

Find out the prices of the properties you are looking for and the prices they are usually rented for.

Is it worth the investment?

Think about what’s going to happen if the property stays empty for some time and don’t forget the maintenance costs!

• Mortgage

Make sure you get the best possible mortgage rates. You can benefit from hiring an independent mortgage broker, who can find you a perfect deal!

• Haggle over the price

Just like first time buyers, first time investors can get a discount!

Why not use this opportunity?

• Tenants

Always put yourself in your tenants’ shoes. If you’re planning to rent the property to students, make sure it’s close enough to the University and has good transport links. If it’s a family, try to find something closer to the good schools.

• Rental Yield

The best rental yield is 8% and more!

Anything under that might not be worth your investment as it won’t cover all the costs.

• Look further

Many landlords chose properties close enough to their homes, so they could come there any time. However, the agency will do all the maintenance for you, so you may consider the other areas as well.

• Hands on or hands off?

Are you planning to rent it yourself or use the agency?

Of course, you will make more money by renting it yourself, but an agency will save you a lot of time by sorting out all the issues for you.

• Know the pitfalls

Make sure you know all the negative aspects of investing together with all the positives and consider all the risks like rate rise, property price dip, major repairs etc.

With our experience and network throughout the property market, we provide tailored services to all of our clients. We have the teams, systems and strategies in place to help each of our clients achieve wealth through property.

Please get in touch:

Email us: [email protected]

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Call us: 0116 319 4542