18th January 2008
Hot Property – Grant Bovey’s buy-to-let resolutions
Follow these tips to ensure your first investment for 2008 is hassle-free and successful.
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.
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.
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.
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 properties in the surrounding areas – don’t be afraid to branch out! Look out for good commuting links, business parks or areas that are undergoing regeneration.
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.
Grant Bovey is CEO of UK property investment specialist Imagine Homes