Your property investment checklist
COVID-19 has had a huge impact on many aspects of our lives over the past 12 months, but the property investment sector has stayed somewhat consistent.
With the property market healthy and prosperous, now is a great time to invest, following these simple considerations.
1) Does your property have remote working potential?
With many workers continuing to work from home in 2021, property priorities are changing.
When picking your investment property, whether your intention is to rent or sell, you should be looking for areas where an in-home office could be set up.
2) Is your property energy efficient?
Older properties can sometimes have issues with not being very energy efficient, whether it’s due to older windows or wooden flooring and poor insulation.
As it costs more to keep the property warm in winter, tenants and buyers are typically wary of energy-inefficient homes.
Thick carpets and double-glazed windows are key instalments for a buy-to-let or buy-to-sell project.
Other aspects to look into are the boiler and the wall insulation, as investing in these areas will lower energy bills for years to come but raise the value of your property.
3) Are you selling or renting?
When you are looking for an investment property, it’s important to know how you’re going to proceed after it has been purchased.
For example, a property that is up for rent may need to be furnished and decorated to suit tenant needs, whereas buyers often prefer a blank canvas.
Alternatively, if you’re looking to sell the property on, you should consider looking into mortgage lenders to ensure that the property will be accepted for a mortgage to help reach its full potential.
This will also allow for a quicker sale so that you can progress onto your next investment project.
4) Have you researched the local area?
With current priorities having changed in the past year, both potential buyers and renters are all looking for properties close to green space rather than being in busier areas.
Due to this, properties near parks or possessing a garden are more popular than ever and will be sure to attract the most attention.
As your trusted local agents, we are here to help you every step of your investment journey. To get started today, browse our properties.
This article was originally published by BriefYourMarket and is reproduced here with their permission.
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