Guaranteed Rent London | I'm a first-time buyer aiming to buy-to-let and sell on – are there indicators of good short-term investment areas?
http://bit.ly/LV07bH
Guaranteed Rent London | I'm a first-time buyer aiming to buy-to-let and sell on – are there indicators of good short-term investment areas? Our rent guarantee scheme is suitable for both existing landlords and potential landlords. If your property is accepted onto our scheme, you will not need to worry about rental income again while you are with us. Niki Chesworth offers mortgage advice to a first-time buyer who aims to buy-to-let and then sell in five years' time. Question: I am looking for my first property which will be a buy-to-let investment that I will sell in five years. Are there any indicators of good short-term investment areas or things to look for? Guaranteed Rent London Answer: Nobody knows what will happen in five years time. What if property prices are lower than today? What if the economy takes another dip and you have a tenant who stops paying the rent? You really need to take a longer-term view and be more flexible on timings. Having said that, rental demand is very strong (particularly in London) and yields are higher than for most other investments. There are no guarantees that you will get much capital appreciation, but you should be able to get a good income – which will be taxable (after costs). Look for areas with strong, established rental markets such as those near rail or tube stations, close to universities, hospitals, other major employers or in commuter belts. Houses in desirable school catchment areas also rent well. However, do your research carefully before investing in new developments sold as buy-to-lets, as dozens of similar flats could come on to the market at the same time and it may be hard to get the rent you want. Think about the market you want to attract – a student house with five bedrooms to rent to sharers will be very different from a two-bed city flat aimed at the professional market. Guaranteed Rent London Pose as a potential renter in your chosen area to find out how long rentals have been on the market as it will give you an idea of how easy your property is to let. Voids (empty periods when you receive no rent) can wipe out your profits. Guaranteed Rent London Also, think about how hands-on you want to be. If you want to manage the property yourself you will pay less to the letting agent, but are you near enough to be able to sort out a leaky pipe on a Sunday? So a low-maintenance property may be a safer bet as your first buy-to-let. So, type of property (pitch it at the location – student houses near unis and professional flats in city centres) and the strength of the local rental market are key. Remember, buy-to-let demand is quite high, so be careful of being pushed to pay more because other investors are interested. Then ensure the rent covers the mortgage (by at least 125pc) and that there are no hidden costs (such as expensive service charges because a major repair is imminent). If it proves a good rental, then after five years you should not have a problem selling it to another investor. View the original article here Our top rated property management service comes highly recommended by many homeowners and landlords alike. Contact rent guarantee today on 020 8694 8098 to find out more.
http://bit.ly/LV07bH
Guaranteed Rent London | I'm a first-time buyer aiming to buy-to-let and sell on – are there indicators of good short-term investment areas? Our rent guarantee scheme is suitable for both existing landlords and potential landlords. If your property is accepted onto our scheme, you will not need to worry about rental income again while you are with us. Niki Chesworth offers mortgage advice to a first-time buyer who aims to buy-to-let and then sell in five years' time. Question: I am looking for my first property which will be a buy-to-let investment that I will sell in five years. Are there any indicators of good short-term investment areas or things to look for? Guaranteed Rent London Answer: Nobody knows what will happen in five years time. What if property prices are lower than today? What if the economy takes another dip and you have a tenant who stops paying the rent? You really need to take a longer-term view and be more flexible on timings. Having said that, rental demand is very strong (particularly in London) and yields are higher than for most other investments. There are no guarantees that you will get much capital appreciation, but you should be able to get a good income – which will be taxable (after costs). Look for areas with strong, established rental markets such as those near rail or tube stations, close to universities, hospitals, other major employers or in commuter belts. Houses in desirable school catchment areas also rent well. However, do your research carefully before investing in new developments sold as buy-to-lets, as dozens of similar flats could come on to the market at the same time and it may be hard to get the rent you want. Think about the market you want to attract – a student house with five bedrooms to rent to sharers will be very different from a two-bed city flat aimed at the professional market. Guaranteed Rent London Pose as a potential renter in your chosen area to find out how long rentals have been on the market as it will give you an idea of how easy your property is to let. Voids (empty periods when you receive no rent) can wipe out your profits. Guaranteed Rent London Also, think about how hands-on you want to be. If you want to manage the property yourself you will pay less to the letting agent, but are you near enough to be able to sort out a leaky pipe on a Sunday? So a low-maintenance property may be a safer bet as your first buy-to-let. So, type of property (pitch it at the location – student houses near unis and professional flats in city centres) and the strength of the local rental market are key. Remember, buy-to-let demand is quite high, so be careful of being pushed to pay more because other investors are interested. Then ensure the rent covers the mortgage (by at least 125pc) and that there are no hidden costs (such as expensive service charges because a major repair is imminent). If it proves a good rental, then after five years you should not have a problem selling it to another investor. View the original article here Our top rated property management service comes highly recommended by many homeowners and landlords alike. Contact rent guarantee today on 020 8694 8098 to find out more.
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