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Top Tips on Getting Started as a Property Investor Edinburgh

When choosing where to buy your investment property evaluating the level of demand is a must. Factors to look out for include large numbers of other rented properties.
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Top Tips on Getting Started as a Property Investor

Top tips on getting started as a property investor Top tips on getting started as a property investor

Top tips on getting started as a property investor - aboutproperty.co.uk

Base rate may have jumped 1.25 percentage points in the last year but the British passion for property investment is still going strong.

And there are still good investment opportunities for buying overseas and UK homes, experts from the Property Investor Show are advising.

So how do you get started? And what are the key things to consider?

Stuart Law of property investment group Assetz and Ranjan Bhattachary, founder of YourPropertyEmpire.com, have some top tips on how to get going as a property investor.

  • Secure your finances
    Choosing your financial package carefully is a must to ensure your investment covers mortgage repayment, repairs and void periods in letting.

  • Know the latest tax regulations
    If are not sure about how much tax you should be paying on your property investment then you should seek professional advice, or you could be hit by fines.

  • Buy-to-let is a long-term investment
    Long-term demand from tenants looks strong, and property prices are still rising, so buy-to-let "continues to offer excellent long term investment opportunity", the experts predict.

  • Pick your location carefully
    When choosing where to buy your investment property evaluating the level of demand is a must. Factors to look out for include large numbers of other rented properties.

  • Choose your tenants carefully
    "A bad tenant can cost a landlord a lot of time and money. All tenants should be carefully screened and asked for references. A proper tenancy agreement is also necessary. Using a letting agent will ensure the latest legislation is adhered to," explained the experts.

  • Consider buying overseas
    "Overseas investment is growing in popularity and with some markets offering excellent returns this is likely to continue. However, whether investing in the UK or the Caribbean the same principles apply. Investors need to do their research to identify any hidden costs involved in buying abroad," the experts advised.

  • Diversify your investment
    Diversifying your property portfolio can allow for better risk-adjusted returns.

    • Click here to read more from aboutproperty.co.uk