Blog
Create a profitable portfolio
Tuesday, September 29, 2015
We can show you the best areas to invest in with regard to rental property supply and demand from suitable tenants as well as the best property types for the rental market in that area. We’ll give you advice about potential rental returns, yield calculations, property maintenance and how to minimise 'void' periods.
Here are some top tips for picking the best investment properties. Firstly make sure the price is right both for current market conditions and your budget. If you're not sure, ask your local letting agent. Factor in potential for capital growth as this will impact upon your long term profit. The 'right' location is all important so research school catchment areas, crime rates, transport links and amenities that will appeal to quality tenants. Investing in a cheaper area may be a false economy if it reduces its appeal to quality tenants.
Any likely maintenance issues need to be weighed up to prevent nasty surprises in terms of both cost and time to remedy before you can let the property. Ideally choose properties that are ready to let and have broad appeal with neutral decor, modern kitchen and bathroom fittings. Some outdoor space is key for families and can increase the potential rental price. Similarly parking options are important to many tenants. Other factors to consider are whether it’s a freehold or leasehold property and what improvements it will need to comply with current legislation.
One of the best ways to find your ideal investment property is to ask your local property expert. With 15 linked local offices across Bucks, Berks and Middlesex, we’re sure to be able to find the right property for you as well as providing professional advice when it’s time to let.
Chris Cotton, Lettings Manager for Middlesex, says, “We have a waiting list of quality tenants looking for a suitable property to rent. Landlords can feel confident about letting their property, especially if they have an ARLA agent to guide them.” Membership of ARLA is only achieved by agents who demonstrate thorough knowledge of their profession and conduct their business according to best management practice. If you are looking to let your property and would like to have an ARLA qualified lettings team looking after your most valuable asset, please call your local Frost office or see our buy to let guide for more information.
