Friday, 19 August 2022

Buying to let? Here's five things to look for...

07/05/2018

Buying to let? Here's five things to look for...

ESTATE agents Romans have produced a handy list of the top five things that prospective landlords should look for in an investment property.

With a quarter of all households in the UK expected to be renting by 2025, it’s no surprise that investors remain keen on property.

To help you identify a lucrative investment opportunity, Romans’ lettings managing director Richard O’Neill has identified five factors every landlord should look for in a property before buying to let. These are:

1. Local employment opportunities

To attract quality tenants, choose an area where big businesses are based or areas with a number of local employers.

2. Excellent transport links

Proximity to a rail station or the motorway network will make a home more appealing to people who need to travel for work, family or social commitments.

3. Quality of housing

With tenants staying in one place for longer, they typically look for quality properties that can be a home to be proud of. Therefore, properties which are maintained to a high standard will achieve higher rents and benefit from longer tenancies and fewer void periods.

4. Attractive local amenities

Areas with plenty to offer will naturally appeal to tenants. Look for homes that are close to shops, pubs, restaurants, schools and entertainment facilities.

5. Meeting local demand

Working out who you are aiming to let to and buying a property to suit is a must, work with a local agent who understands local demand before purchasing a property.

For more information and advice on buying to let, call Romans on 01344 985870.

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