Wednesday 14 June 2023
Navigating the intricacies of property investment can indeed be a daunting task, particularly given the ever-evolving legislative landscape. But fear not! We are here to simplify the process for you, ensuring it becomes more accessible and less intimidating.
Before investing in property, it's essential to ask yourself these three key questions before proceeding…
What Is Your Strategy?
New build, off-plan, built, doer-upper, apartments, houses, long let, short let, assisted living… the list of strategy options goes on. It's vital that you spend a good amount of time on this part to know exactly what you want from your investment journey.
What Finances Can You Put Towards This?
Furthermore, ensuring your finances are in order is paramount. You often need a lot more upfront capital with a buy-to-let compared to residential property. Typically, the deposit is larger, and you have the additional stamp duty surcharge of 3% & before renting out a property, you need to pay for additional services such as an electrical & gas safety check.
How Much Time Can You Dedicate To Finding & Managing The Property?
Evaluate what time you have available to commit to the research of purchasing a property as well as to the role of a landlord. Realistically assess your existing schedule and determine if you will require assistance from a property investment agency to find a property & a lettings agent to effectively manage any future tenancies.
At ERE Property, we strive to provide a friendly and professional environment, guiding you every step of the way. With our expertise and support, you'll feel confident and well-informed as you embark on your property investment journey.
If you'd like to speak with one of our experienced investment consultants about strategy, advice or opportunities, please get in touch to discuss your next buy-to-let investment:
HK | +852 6348 9813
UK | +44 (0) 113 380 8930