Ten tips for buy-to-let: The essential advice property investors need to consider
Buy-to-let may no longer be the hot property of the boom years, but it has seen resurgence in recent times. For many, buy-to-let looks an attractive income investment. As an income investment for those with enough money to raise a big deposit, buy-to-let looks attractive. Decent house prices, rising rents and improving mortgage deals are tempting investors back into the market once more.
Like any investment, buy-to-let comes with no guarantees, but for those who have more faith in bricks and mortar than stocks and shares here are the ten top tips.
- Research the market
- Choose a good location
- Do your sums
- Shop around and get the best mortgage deal
- Think about your target tenant
- Don't be over ambitious - go for rental yield and remember costs
- Consider doing a property up for better return
- Negotiate a good price
- Know the pitfalls
- Consider how hands-on you want to be
If you are planning on investing, or just want to know more, we can advise you on the ten essential things to consider for a successful buy-to-let investment. If you require free expert advice with no obligation, please feel free to contact Mr Zad Siadatan on 01293 529993