Wed 31 May 2017
Buying the right property is key to maximising your rental income and retaining long-term tenants. With over 25 years experience in Lettings, Tracey Glenn at John German Estate Agents gives her advice on what you should consider when looking for a buy to let property.
How to find the right buy to let property:
Think about whether it’s in a place you’d like to live? Chances are potential tenants will be thinking the same.
Check the condition of the neighbouring properties, do they give the right first impression?
Good commuter links
Consider buying in an area with access to large employers, universities and hospitals to attract professionals.
Most people we come across want parking, therefore look for something with parking for at least one if not two cars.
If you’re buying a property with 3 or more bedrooms, chances are the house will be rented by a family, therefore look for one in a good school catchment area. Contact the local council to find schools in the area.
Modern Day Comforts
Look for a property with a modern kitchen and a bathroom which has a shower. Tenants also want gas central heating, double glazing and a low maintenance garden.
Identifying a property is the first step, your next step is to get funding in place so you can make an offer when you find the right one.
Buy to let lending criteria is changing constantly, therefore we’d recommend that you speak to a mortgage/financial advisor to discuss your options. We’re happy to put you in touch with APT Financial Management.
GET IN TOUCH - Send your contact details to us and we'll contact you to give further financial advice for buy to let properties.
"What I thought would be a stressful and frustrating process has turned out to be an experience I have quite enjoyed, not just because I have managed to sell! None of this would have been possible without your guidance, professionalism, judgement and integrity, all of which speaks volumes for you and indeed John German. I would not hesitate to recommend you. "