Buy-to-let properties are always in demand in the capital and, when managed properly, can guarantee some outstanding results. Getting involved in the London property market can be worrisome as it is a major financial decision, but when you have a professional team such as ours advising you on when and where to invest, you’ll have a reasonably stress-free ride.
We’ve put together a number of tips to help investors make the right decisions.
Choose a property that is “lettable”
By this, we mean consider who your target tenants are and think about what they’ll require in a home. In many cases, families want somewhere that they can call their own and add their own spin to, whereas students simply need an affordable and simple place to rest their heads and eat.
Consider profitability, rather than your personal taste
While period properties with original features can be lovely, you need to remember that you won’t be living in it and that you want as few maintenance costs as possible. Remember that buying to let is business and to not get too carried away. It may be a better idea to purchase a property that was built in recent years, or a period property that you know is well-maintained and in extremely good condition.
Don’t restrict yourself
You know your town and city very well, but don’t restrict yourself to buying properties just in that area. It may be that rental incomes are a considerably higher amount just a few minutes down the road and property may even be cheaper. We can provide property management no matter where the property is located in the UK, so our services open up a whole nation of investment opportunities for you.
Use a reputable letting agency for the property management
This is especially useful for landlords who have multiple properties, or are also in full-time work and need assistance to keep up with maintenance.
We are London’s first choice for property management and can assist landlords and tenants alike in all areas of the city, from Enfield to Croydon and everywhere in between. Whether you are looking for a place to rent, needing advice on your buy-to-let property, or want to take advantage of our guaranteed rent scheme contact us today.