Author Box
Articles Categories
All Categories
Articles Resources

How to Find the Perfect Property Investment

April 18, 2012 | Comments: 0 | Views: 98

Thanks to rising demand for rental properties, the buy to let market is currently booming, which makes it an excellent time to think about buying an investment property. But how do you go about finding the perfect property to invest in and what things should you look out for?

Investment property is everywhere. From a three bed family home on a suburban housing estate to a waterfront flat in a smart new property development, but what suits one investor might not suit another, so you need to decide what your property investment objectives are and draw up a list of selection criteria before approaching an estate agent.

Think about the rental market you are aiming for: student accommodation, holiday lets and social housing are just three of the rental markets in the UK today. Consider the local amenities on offer and try to view properties as an investor rather than a potential homeowner.

Before you start looking at property, decide which geographical area you are interested in. Investing in property near to where you live is always sensible because this makes it easier to manage the property, but buying an investment property in a different area (or even a different country) may be a possible course of action.

Estate agents can be your allies when searching for the right investment property. A good estate agent will be familiar with the local property market and should be able to offer you plenty of pertinent advice if you are new to property investment. However, it is worth contacting as many estate agents as possible and making sure you are on all the mailing lists to be sure you don't miss out if something suitable comes up for sale. But be aware you are unlikely to be the only person looking for the perfect investment property, so make a point of staying in touch with the local estate agents. Periodically call them or drop in to remind them of who you are and what type of property you are interested in-they are more likely to remember you if you stay in touch.

Alternative ways to find the perfect investment property

1. An estate agent is the best starting point when looking for investment property, but keep an eye on the local press and don't be afraid to go door to door in a prime area to ask local residents if they know of any properties likely to be coming on to the market in the near future.

2. There are millions of empty homes around the UK, many of which are not officially up for sale, but are potentially available for purchase if you know whom to contact. These can often be a great investment, so if you become aware of an empty property in a prime location, do a little investigative work.

3. Property auctions can be useful if you have the available funds and understand the legally binding nature of the buying process, but these are probably best avoided unless you are an experienced investor.

4. If you have the skills, do not be afraid to take on a run-down property in need of work.

Ben Greenwood is writing on behalf of Shepherd Gilmour, specialist Manchester city centre estate agents.

Source: EzineArticles
Was this Helpful ?

Rate this Article

Article Tags:

Investment Property


Property Investment


Estate Agent


Estate Agents

Teenage rebellion is easier to tolerate in book or film form. Take a look back at some of the most well known and loved "coming of age" stories set in boarding schools.

By: Harvey McEwan l Arts & Entertainment l July 10, 2012 lViews: 445

An important thing you have to consider before working out is having a pair of great training shoes. You cannot immediately undergo any physical training wearing inappropriate footwear. If you do so,

By: Steve Hill l Recreation & Sports l July 10, 2012 lViews: 349

Granite is one natural stone that is used for several purposes from dimension stone to countertops to sculptures. The use of granite for building the temples and monuments was initiated millions

By: Steve L Patterson l Arts & Entertainment l July 10, 2012 lViews: 298

Up to 65,000 H-1B visas for new employment may be issued each fiscal year (FY) for professional workers, including medical providers. In general, a person who already has an H-1B and applies for

By: Ann Badmus l Arts & Entertainment l July 10, 2012 lViews: 308

Beside coin shooting, gold detecting or the many other things you can do with your metal detector. There is a large group of people who take their metal detector out looking for old stuff. Not just

By: Candy L Lindsey l Recreation & Sports l July 07, 2012 lViews: 293

Many people want to be writers and you may be one of them. In order to make your dream occupation a reality, you need to have a plan. You also need to work on this plan constantly. These tips from a

By: Harriet Hodgson l Writing & Speaking l July 06, 2012 lViews: 439

Binary options is a new tool used for small investment vehicles that date back to 2008. This option allows for investors to receive a fixed return or certain percent of the investment back if the

By: Denise L Lindenl Investingl June 27, 2012 lViews: 141

This article aims to aid in the education of the novice investor by looking at the concept of 'gearing' in relation to Investment Trusts. The key features of gearing are examined and the effects it

By: Andrew Jenksl Investingl June 27, 2012 lViews: 387

In the current investing climate, Investors and Financial Planners are seeking out alternative investments capable of replacing traditional income streams as low interest rates and volatility in

By: David D Garnerl Investingl June 25, 2012 lViews: 129

An investment in timber is a long-term, steady investment and an interesting option available at the moment. Investing in this type of commodity helps protect investors during these economically

By: Ian R Harlockl Investingl June 22, 2012 lViews: 224

It is the way an investor thinks that makes him a true investor, instead of a gambler. Here in this article, you will find seven key principles for investing which I have personally consolidated for

By: Peter Lowl Investingl June 21, 2012 lViews: 140

Turkmenistan has long been off limits for foreign investors, but the country has seen significant changes in the last few years. Its GDP in 2010 was $41 billion (£27 billion) and a steady growth of

By: Paul S Hendersonl Investingl June 21, 2012 lViews: 153

Preserving a carpet from spills and stains can be a difficult task regardless of the amount of care taken around the home. When a stain occurs, the initial thought is often to rearrange the furniture

By: Ben Stuart Greenwoodl Home Improvement > Cleaning Tips and Toolsl June 19, 2012 lViews: 291

The term 'medical negligence' refers to any harm or injury a person has suffered from, due to negligence or error in treatment by a medical professional. A medical negligence solicitor is a person

By: Ben Stuart Greenwoodl Legal > Medical Malpracticel May 10, 2012 lViews: 159

The term 'medical negligence' refers to a situation in which a person suffers harm or injury due to negligent care, or error in treatment, by a medical professional. All medical professionals -

By: Ben Stuart Greenwoodl Legal > Medical Malpracticel May 09, 2012 lViews: 142

To err is human. Random accidents and mistakes are very much a part of life just that it is quite difficult to come to terms with them especially on the medical front. Doctors and other healthcare or

By: Ben Stuart Greenwoodl Legal > Medical Malpracticel May 08, 2012 lViews: 206

Any person who has suffered any kind of damage, scarring or other problems due to medical negligence during cosmetic surgery has a right to claim compensation for cosmetic surgery negligence. A

By: Ben Stuart Greenwoodl Legal > Medical Malpracticel May 04, 2012 lViews: 165

Saving on office supplies is a time-tested way to keep a budget under control. It is a methodology that has been followed by several companies, both small-scale and large-scale, over the years. One

By: Ben Stuart Greenwoodl Business > Small Businessl April 20, 2012 lViews: 264

Discuss this Article

comments powered by Disqus