Top tips for buying Investment Properties

Location, Location, Location

Focus on finding out which cities have the best long-term growth in terms of house prices and other economic factors. After choosing a city, narrow down your locale even further. Look at local amenities; are there nearby shops and bars? Is it near a frequent bus route or train station? Is it within walking distance to the business centre? Consider the quality of the neighbourhood, is it run down and lacking in investment or is it an up-and-coming area that could see growth in the next few years?

Amenities

As well as outside of the building, think about what is included inside. Apartments that come with a concierge service, onsite gym and communal garden areas are increasingly important to renters, and as such, have a higher demand. In terms of location and amenities, you should be seeing your investment as somebody’s home rather than a cash cow. Invest in a property that tenants would be happy to live in and in return you’ll attract tenants that look after the property and pay their rent for many months and years to come.

Get the Best Mortgage Deal

There are plenty of buy-to-let mortgage products on the market these days… investors who are using a mortgage for their buy-to-let property purchase have plenty of choice over the terms of their borrowing.

Budget for Unexpected Costs

Since the Tenant Fees ban came into force in June, landlords are under pressure to absorb even more costs including letting agency fees. Understanding from the outset what these costs might be is an essential part of calculating your likely yields and the development’s ongoing viability.

Source: Landlord News, By Simon Clarke from Acentus Real Estate.

What our clients say

Thank you for being so understanding and for everything you have done for me in general when I really needed help you were there so I can’t thank you enough for that. It’s been a pleasure to have you as the agents with this property.

Alexandra, Tenant

Thank you for your efficient and friendly service – very much appreciated for a quick and smooth move.

The Clay Family

I just wanted to say thank you so much for helping find Oakley and I a home. I’d met several estate agents before Concord, all of whom were unable to help me, but you were the opposite. You have been incredibly supportive and helpful, so thank you so much.

Tenant, Beth

Thank you for a great team that does a really good job for us and our tenants, and a special thanks to Jayde, who exudes kindness, compassion and humour. Like the Commander Shore from Stingray, nothing seems to faze her!” Landlords,

Dave and Fi Kirkwood