Being an investor in buy-to-let property can be extremely rewarding but as there are large amounts of money and time involved, it can be difficult to know where to start. Choosing the right property to invest in can play a large part of your success – but how do you start? All great property investors started somewhere, so here are some of our best tips for first time investors.
Monthly Archives: November 2014
Making an offer on a property
If you’ve found the perfect property and are interested in purchasing it, it’s time to make an offer and enter negotiations. Remember to keep in mind your budget and how much you feel the property is actually worth; as the buyer, you are always free to move on and keep searching if the seller won’t budge.
Bed and breakfast management in London
Running a bed and breakfast can be challenging, but can also be a very rewarding business venture with the right property management in place. There are many thousands of bed and breakfasts operating across Great Britain, hundreds of which operate in London. With a forecast 18.7 million visits for 2014, adding up to an astounding £11.3 billion injected into the economy by tourism, running a bed and breakfast in the right location certainly has potential.
Finding the right property management
When you have a property investment, you may be considering letting it to tenants. Life as a landlord can be very rewarding, but it can also be difficult to keep up with all the work without the assistance of a property management company, especially if you aren’t experienced or have a number of properties in different areas. There are a few qualities that you should be searching for when looking to partner with a property management company.
Negotiating for a property
When you find a property you like in Wandsworth, Newham or any other area of the capital, it is unlikely your first offer will be accepted unless you are willing to meet the current asking price. In the vast majority of cases, some form of negotiation will need to take place. As the experts in guaranteed rent, property investments and management in London, we can advise you on the best ways to move through the process. Here are a few tips that can see you get the most from the negotiations.
A world of opportunity in property investment
There is a staggering amount of potential for profit in the world of property development. This area holds vast opportunity for creating and increasing wealth, and there are many success stories that begin with a wise investment in property.
Proposed mansion tax for those in larger homes
It’s well known that property prices in London are the highest in the United Kingdom, partly due to the demand for rental properties, homes and business premises in the capital. However, a recently proposed mansion tax could mean that owning a large expensive property could be more costly than first anticipated.
Is it still worth investing in London property?
When it comes to investing your money in the property market in Sutton, Greenwich, Ealing and all other areas of London, there are a lot of decisions to be made and a lot of factors which need to be considered. With all this is mind, it’s no wonder that investors are worried about the prospects of committing to the city.
Getting the most from property viewings
Viewing a property is a good way to get an idea of what it has to offer and its general condition, but many people rush through and don’t take the time to maximise the opportunity. Whenever you get a chance to look around you should take care and get as full a picture of the building as you can.
Helping investors with buy-to-let
As a lettings agent and property management specialist based in London, we are here to offer you all the help you need when it comes to making the most of your buy-to-let property. If you’re considering investing in a buy-to-let in London or any other part of the UK and want advice, practical help and guidance, you can always turn to us for the assistance you need.
