Buy To Let
- Date: 2007-01-31 - Word Count: 259
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When investing in anything you should always check and double check to make sure you are doing the right thing. Property is no different. Since 2002 property has more than trebled. With this constant upward spiral of property prices it is always the cautious that end up on top. With the housing market being up at the highest level ever it will get hard for the big increases and people should look to investment property and make sure you have the sums right. Your yield should be at least 6% minimum this will hopefully guard against future mishaps. Always use your debt wisely avoid high fee credit cards. Release existing equity you have to fund new investments.
With interest rates in the UK on the rise you need to tread very carefully. When letting do the basic things. Check your tenants out with credit checks etc just because they roll up in a flashy car and suit means nothing. Make sure your insurance is up to date. Get your gas certification and wiring. In basic terms be organized. In these times of just making it pay you cannot afford to be unorganised.
If The UK hasn't got what you are looking for look further a field in places like Berlin or France. The rental markets over on these countries is higher than the UK with rental yields at average 11.5% this makes good business sense.
All of the advise listed above is my opinion only and should not be taken literally. Always get the correct advice by the professional in you field.
Related Tags: tenants, landlords, rental property, agents, estate agents, managing agents, letting agents, residen
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