TOP TIPS: Property Investment

TOP TIPS: Property Investment

Whether you’re new to investments or looking to build your portfolio, there’s always a lot to consider when you’re investing in property!

Research the market

The more knowledge you have and the more research you do, the better the chance of your investment paying off.

 

Choose a promising area

Promising does not mean expensive or cheapest. Promising means a place where people would like to live, and this can be for a variety of reasons.

 

Do your maths

Before you think about looking around properties, sit down with a pen and paper and write down the cost of house you are looking at and the rent you are like to achieve. Don’t forget to factor in maintenance and any upkeep the property might need.

 

Shop around for the best buy to let mortgages

Do your own research and speak to an independent broker when looking for a buy-to-let mortgage. They can not only talk you through what deals are available but they can also help you weigh up which one is right for you and whether to fix or track.

 

Think about your target tenants

Instead of imagining whether you would like to live in your investment property, put yourself in the shoes of your target tenant. Who are they and what do they want?

 

Consider how hands on you’ll be

Buying a property is only the first step. Will you rent it out yourself or enlist an agent to do so. Agents will charge you a management fee but will deal with any problems and have a good network or plumbers, electricians and other workers if things go wrong.

 

If your new to investing and would like more information or an experienced landlord looking to grow your portfolio contact us on 0113 244 0251/0121 516 2222 or email info@v1sion.co.uk

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