Buy To Let Guide
With so many variables to consider, how will you ever choose the right buy to let property investment? Our experience and property knowledge will help guide you on the right path.
With a proven return and consistent growth, the buy to let property market is an attractive opportunity for any investor. Whether you are a first time buyer or a landlord expanding their portfolio, our knowledge and experience has helped guide many just like you from finding their ideal investment to completing their purchase and managing it for them thereafter.
Crunch the numbers!
It is crucial you know what you can afford and what will be best for you and your circumstances, crunch the numbers! To avoid confusion, it is sometimes better to speak to a financial advisor or your bank to gather a better understanding of what will work for you. They will consider factors such as your earnings, typical expenditure, potential expenses of the investment and various others to build a criteria specific to you.
Be sure to research the rental prices for the properties you are looking to buy, this will give you an idea of what you could receive once the property is let.
Research the buy to let property market
It is crucial you know what you can afford and what will be best for you and your circumstances, crunch the numbers! To avoid confusion, it is sometimes better to speak to a financial advisor or your bank to gather a better understanding of what will work for you. They will consider factors such as your earnings, typical expenditure, potential expenses of the investment and various other factors that may need to be built into the plane to create a bespoke financial proposal specific to you. Be sure to research the rental prices for the properties you are looking to buy, this will give you an idea of what you could receive once the property is let.
Discovering potential buy to let property
During the early stages of your curiosity, make sure good time is spent researching the markets in which you wish to invest. Property returns can vary massively depending on the location and its history or potential future. Established markets may not see massive growth in value; however, their returns will be proven from previous years. Emerging markets provide the opportunity for cheaper investment with potential growth due to up and coming developments in the local area. These may be new transportation links, shopping centres and retail stores, developments in housing or any other form of local improvement.
As specialists in buy to let property in Ilford, we are consistently on the lookout for potential developments and emerging investment opportunities. This exclusive knowledge helps us source the best business for our clients time and time again.
It is sometimes easy to get caught up in the excitement of buying a property, remember to look at the facts and figures of your investment before going ahead. Make sure you get the best Return on your Investment (ROI)
You should consider the following:
- Does this area have good potential or good reputation for a buy to let property investment?
- Does this property fit my budget?
- Is the property in good condition, and what maintenance work has been done before?
- How much rent will I achieve for this property?
- Are there good transport links, schooling facilities and any other communal benefits in the local area?
These are just a few of the factors to consider when purchasing a buy to let property. Our experienced advisors will be happy to provide you with their expert buy to let advice, making sure you get the most for your money.
You can contact our estate agents in Barkingside or email in to book a free property valuation.