As I look to welcome in the New Year I have started to think about New Year resolutions. If you have considered investing in property then 2017 might be the year to do it.
Although the Government’s attitude to landlords appears to be fairly negative at the moment; I think that they will soon realise the housing market needs a good balance of quality rental properties alongside affordable homes.
The government must also encourage people to plan for their future. The historic poor performance of many pension plans has put people off these types of investments. A lot of our landlords see their investment property as a source of income when they retire.
Property investment is not a quick cash option but a long term investment and with the right consideration can give you a mortgage free asset in 20 years. Even with the ups and downs of the recessions if you are in a position to hang onto your investment property is a great option.
Looking at Rightmove there is a really nice 2 bed on the Country Park Estate for just under £120,000 with a garden and a garage in a block. It is on the market with Harrison Murray and they have said the vendor is keen to sell as the property is currently empty. This would let really quickly for at least £550 pcm. (I always like to be realistic with any rental valuation so investors can calculate yields based on an easily achievable figure). See my blog post on the 22nd December 2016.
Why not make an appointment to talk to myself or Katie at our office or at your home and we can go through what it's like to be a landlord. We will ensure you have all the facts and figures to make sure you can make the right decision. We can help you find a property that will appeal to tenants and give a stable return on your investment.
So my resolution for 2017 is I believe it is going to be one of hard work and making the most of the opportunities we have.