Investing in property can provide big rewards, especially if you find the right opportunities in an area where there is good demand for homes. Care needs to be taken though because some investments can prove to be a much more costly prospect than they first appear.
To protect your interests you should never purchase a property without having it surveyed to ensure there are no problems with the structure or other costly faults. The cost of the checks is well worth it when you consider how high the prospective bills can be for large scale repairs. You should ensure the surveys are done by qualified professionals who will offer you clear, honest advice.
If the property you are looking to invest in is in a block of flats or an apartment building you need to be extra careful. You could be required to pay an annual fee to contribute towards the communal areas in the building and other repairs. If you fail to take this into account and other costs you can incur for repairs you could see your prospective profit dwindle.
At Finefair we work with a large number of investors with properties dotted all across the capital. We strive to offer them the very best level of support we can, whether they choose us for a full property management service, to find new properties to add to their portfolio, or advice about the market. We can tailor services to suit all kinds of requirements and ensure we give our clients the best support.
As part of our service we can help you to make sure the property you buy will provide the profits you expect. We can conduct a valuation before you buy, offer advice about potential rental incomes, provide recommendations for improvements, and will advise you about the costs you could be looking at. We can help investors throughout Lambeth and across the whole of the capital.