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| Once you have decided that buy-to-let is for you the next question is where to buy? People sometimes feel most comfortable letting a property close to where they live, this however does not always offer the best return and it is often worth looking further afield. Of course once you have short listed a selection of properties that are of interest to you we offer a property appraisal service that will detail which property should offer the best return based on your investment and the rental value. This will set out in detail the yield and rental return you could expect to achieve and make your decision a lot easier. Additionally we will discuss any work that needs to be carried out in order to maximise revenue. If a mortgage is required it is at this point you should have a good idea of what your repayments shall be. We are able to offer assistance in this field should it be required. What nextWith your short list decided it is time to make the offer and see what best price is achievable on each property. This will affect the final income/yield figure and with the final figures recalculated a full and final decision to proceed can be made. The purchaseWith the purchase price agreed it is time to instruct your solicitor and proceed to completion. Any queries regarding the sale should be directed to your solicitor. We will of course stay in touch to discuss a schedule of any works that need to be carried out. After completionWith the keys in your hand it is time to carry out any refurbishment work and instruct a letting agent to find a suitable tenant. Instructing a competent agent is crucial to a good tenancy ensuring that all references and credit checks are carried out. Once the tenancy beginsWith the success of your buy-to-let venture we will hold your tenants deposit in a client account and take care of the day to day management of your property as detailed. |
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