This is a key time to assess finances and budget for the year ahead. Following an interesting year economically and with Brexit on the horizon, we are receiving quite a few enquiries regarding buy-to-let investments as people look to shore up funds in property. If you are keen to investigate what profit can be made from rental returns and keen to invest your money in property in 2017 then read on.
Is buy-to-let a good way to invest your money?
As with all property decisions LOCATION is everything. Yes, it is a great way to invest your money if you choose the right property in the right location.
Corporate apartments in secure modern developments in central Aylesbury, Reading and Maidenhead are by far the easiest to rent out and demand is high. However with new apartments being built all the time choosing the right development is key to your buy-to-let success.
Chiltern Relocation is regularly asked to find such rental opportunities on behalf of major software companies relocating staff. These companies have preferred blocks for their staff and specific demands. These will include: maximum commute time of 20 minutes, preferably walking distance town and station, non-ground floor and within a modern secure development. If you buy in the right location you will be investing wisely.
What will the returns be like?
As for your returns, if you buy in one of the preferred developments then the rental demand is very high. Due to little or no rental voids and strong demand you will be assured a decent yield. However make sure you factor in any service costs and regular maintenance expenditure.
Is there a lot of work involved in being a landlord?
Again if you choose the right apartment then many of the kitchen and bathroom fixtures and fittings will be built-in such as a washer/dryer and dishwasher and may still be under guarantee. The developments will charge an annual maintenance fee which will cover the communal hallways and the exterior and gardens leaving you free of that responsibility. If you have corporate tenants then the rental income is coming from a secure, reliable source so you do not need to worry about tenants defaulting on their rent.
Will it be a corporate let or to individuals or sharers?
By far the best tenants are the corporate lets who have strict lease agreements to make sure that everything is covered. With the corporate let market the principal demand is for one or two bed apartments. The potential tenants vary from single men, married couples and sometimes couples with up to two children.
Will I need to furnish it?
Furnished apartments are also a very popular request but this need not be a challenge. Chiltern Relocation can put you in touch with companies who provide the various furniture packages and they deliver and assemble it all for you.
How can I find the right buy-to-let investment?
If you follow our advice above then you are on the right track. If you require some assistance in searching for the perfect investment in the right location at the right price then Chiltern Relocation can take away the stress of the search and do this for you. For more information and advice about choosing the right buy-to-let, call Chiltern Relocation on 01494 672086. Or email: email@example.com
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