Should Landlords Take a Lover? Advice For UK Landlords

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Most of us landlords will admit that from time to time we have had our head turned by a shapely figure, a 'well turned ankle', a plunging neck line. Ladies I am informed occasionally notice a tight bottom, a chiselled jaw, or is it the eyes?

The reality is all of us if we are honest are a little bit susceptible to very good looks. Nonetheless, those landlords who are a little bit wiser know that when picking out a fine long-term partner, looks are only component of the equation. Other elements such as reliability, practicality and can you afford to maintain them are a extra very important component of the equation.

What's this got to do with acquire to let?

My point is that landlords when they are searching at prospective purchase-to-let investment will need to not be looking for a "lover" they should really be seeking for a sensible long-term partner in which to invest their time, energy & revenue in. This view has been purchased into sharp focus following the tales in current months of landlords who have got into trouble by acquiring sexy 'luxury apartment' which they can no longer afford, do not make as a lot rent as they imagined and inside two-three years are no longer the vibrant new property investment points that they were.

Landlords will pay for excellent looks

What quite a few new landlords and property investors do not realise, is that by getting new, they are efficiently paying 10-15% over the value for a similar 2nd hand property. This funds goes straight into the 'pockets' of the developer or house-builder. This 15% loss is effectively hidden mainly because rising residence prices frequently recoup this during the period that most owners or landlords hold the obtain-to-let investment property for.

In addition where housing is involved there is a common uplift in values once a property development is complete and established reflecting that the owners are no longer living on a creating internet site

What ought to a landlord be searching for in picking a buy-to-let investment?

There are a number of pointers landlords should consider just before acquiring.

1. Firstly a landlord should consistently remember the 3 Pillars of Purchase-to-let investment.

2. Landlords then want to be clear whether or not they want to invest in a "trophy asset" or a "cash cow". Property Hawk would recommend that with home rates somewhat high at the moment a "cash cow" is the preferred and safest selection.

three. It is becoming increasingly clear that there may well be a glut of new construct apartments becoming built and therefore landlords must take into consideration obtaining a home.

4. If a landlord desires to buy an apartment then they need to look at the apartments ugly sister the poor old maisonette.

5. A landlord actually makes dollars when they obtain not when they sell. A landlord must at all times appear to secure a bargain and auctions are just the location for a Below Market place Value property (BMV). Keep in mind 1 landlord's pain can be one other landlords gain.

6. Lastly, could good quality of life be the key to an areas lengthy-term performance. Have a look at HBOS newest report searching at the ideal places in the UK to get a property under £150,000.