3rd December 2007
Grant Bovey shares his top five new year property resolutions for 2008
If your New Year’s resolution is to get your foot on the UK buy to let property ladder or to increase your buy to let property portfolio in 2008, it is essential that you listen to the experts.
Grant Bovey, CEO of Imagine Homes – the UK property investment specialist – today reveals his Top Five New Year Property Resolutions. So keep these in mind to ensure that your first investment for 2008 is as hassle-free and successful as possible:
1. Invest in London’s commuter belt
Ideally located for commuters, the Home Counties have excellent transport links to and from London. This commuters’ hotspot is perfect for buyers looking to let out a property to professionals working in the capital. Currently demand far outweighs supply which ensures that this area is a top investment opportunity.
2. Buy off plan
In line with rising house prices, you could benefit from capital growth while your investment property is being built. In addition, research shows that a new build property will rent out much quicker.
3. Keep it simple
Durability and simplicity is the key when it comes to furnishing investment properties. Go back-to-basics, this way tenants are able to add their own personal touches. Imagine Homes offer a simple solution for investors so they are spared the hassle of shopping, delivery, assembly and installation of their exclusive furniture.
4. Look further afield
Although you are familiar with the area, your home town may not offer the best investment opportunities. Therefore you should always do your research and look at property in surrounding areas – don’t be afraid to branch out! Look out for good commuting links, business parks or areas that are undergoing regeneration.
5. Ask a specialist
To help ensure investment security, talk to a buy to let or property expert and seek professional independent financial advice for complete peace of mind.
Since 2003, Imagine Homes has been alleviating the uncertainty associated with buy to let and offering hassle-free access to property ownership.
This is how it works. Imagine Homes source quality new build opportunities in prime locations throughout the UK with long-term capital growth and rental potential. Imagine Homes will also furnish the apartment with high quality, bespoke furniture which includes a 5 year manufacturer’s guarantee. They will then find a professional tenant and manage the property for the first 2 years. During this time investors will receive an above average rental income at 7.5% of the purchase price for each of the first 2 years from completion, irrespective of void periods.
For the investor this proposition certainly looks attractive as you need not have any involvement with the property for 2 years after completion. At the end of the 2 year rental period the investor can either; inherit the tenant, rent it out with a new tenant, move in or sell.
For further information on Imagine Homes and their portfolio of properties simply log onto www.imaginehomes.co.uk
For media information please contact Kate Simpson or Emily Keogh at Mischief PR on 020 7100 9999 or kate.simpson@mischiefpr.com / Emily.keogh@mischiefpr.com