Interest rates are at almost record lows, making it a great time to start looking for investments without risking stocks and shares. If property investment sounds like an option for you, buying to let could possibly be the best decision.
Investments in London property are generally a safe bet, especially when you consider the economic factors such as rising rent, regeneration and increasing demand. Buying properties with the intent of letting them is becoming extremely popular. Here are just a few of the best ways to invest in property:
- Research. Before you invest in any property, you need to make sure that it is right for your circumstances, particularly when you’re buying to let. Ensure that you purchase in an area that has a high demand. Check for appealing qualities such as nearby schools and transport links.
- Target tenants. It’s advisable to purchase a property with a specific demographic in mind. If you are in a school’s catchment area and have space to park, it’s a good idea to target families. If the property is modern and near to a business park, young professionals may be what you’re after. Properties in close proximity to a university provide opportunities to attract student tenants.
- Consider redevelopment. One of the greatest ways to add value to your property is to redevelop it. If you purchase one that requires more work doing before it is inhabitable, you’ll pay lower mortgage rates each month as it will be cheaper. With some care and redevelopment you may be able to receive enough rent to cover the mortgage and make a profit.
We have over a decade’s worth of experience in property, estate and block management in Hillingdon and the rest of London, and can provide you with a service that is second to none. We can help you with every aspect of buying and letting a property, from deciding which ones to buy to managing them throughout the tenancy. In addition, we can also offer guaranteed rent, ensuring you receive a continuous income no matter what the circumstances.