Need Help with your property?
Need Help with your property?

We would love to send you details of new properties and products that may be of interest to you
Please doI'd Rather Not

Becoming a Property Investor

Becoming a property investor can be incredibly rewarding, both in terms of finances and a sense of personal achievement. Below are some handy tips both for those hoping to branch into property and for seasoned investors!

How to get started?

When becoming a property investor one of the most important things you must do before making a purchase is to research the market. You need to get an idea of the kind of price you will need to pay for a property and what the returns are likely to be in terms of rental income. A good place to start is on property portals like Rightmove  and Zoopla (they will give you an idea of sale and rental prices in various areas) but you should also speak to a reputable estate agent who you can trust.

You also need to decide what kind of property you are looking for. Do you want something that is spick and span and ready to go, or are you thinking of renovating a property, with the hope of seeing greater returns on your investment? These are important considerations that will boil down, largely, to two things: time and money. Always think carefully: a beautifully finished property might look perfect, but will the potential rental income cover the mortgage? A do-er upper might seem like a fantastic opportunity, but will you still generate a profit once the work has been done?

At Julie Twist Properties, we have an extensive knowledge of the sales and the rentals market, meaning that we are well placed to advise you about investment opportunities, potential rental yields, and financial and legal matters relating to property investment. Get started by browsing our range of properties for sale 

Building your portfolio - Taking the plunge and buying your first investment property can be a daunting prospect,
Taking the plunge and buying your first investment property can be a daunting prospect, but many investors find that once they have been bitten by the property bug, they just don’t want to stop! Indeed, buying-to-let can be a lucrative sideline or even a full-time job if you make careful choices and look at all the facts and figures before signing on the dotted line.

Many investors begin thinking in narrow, local terms, looking at properties in their immediate area. This can be handy as it helps you to keep an eye on your important investments, but you might also receive far greater returns if you think outside the box and widen your search net.

Manchester is particularly popular with buy-to-let investors because of its high rental yields and a constant demand for property, which result from the continual influx of businesspeople and students into the region. What is more, the city is made up of a variety of areas that suit all budgets and tastes: it’s a veritable property melting pot! From the suburban charms of Pendleton One to the bustle of the Northern Quarter Finlay’s Warehouse and the waterfront serenity of Salford Quays with the Dock Office Office, there is something for everyone.

Those with the capital, experience and desire to build a portfolio quickly might also consider block buying a number of apartments within a new development. Have a browse of our New Development pages  to see what’s on offer and find out more

Tips for Presenting Your Property for Sale
The Dock Office salford quays
X1 Eastbank Manchester
use (4)
The advantages of being a landlord - Buying property gives you the peace of mind of having a concrete investment that can return a healthy profit.
Many Manchester properties are generating 7 or 8% per cent rental yields at present—a huge sum in comparison with the woeful interest rates being offered on most savings accounts with high street banks. If you choose to buy to let, once your tenants are in place, you can expect profits to trickle in on a monthly basis, giving you stability and cash flow—and helping you to generate more money to put into further property investments, should you wish.

When you buy to let, you are also in an excellent negotiating position in terms of price. After all, from a seller’s point of view, an investor presents the same benefits as a first-time buyer: you’re a client purchasing without a chain. This gives you power in the market and can help you to secure a better deal, as sellers prefer the security of a sale that is less likely to fall through. So put that haggling hat on!

Another benefit of being a landlord is that you can choose to be as hands-on or otherwise as you want: if you want to manage tenancies yourself, then you can choose to do so. Most landlords, however—especially those living at a distance from the investment properties—choose to pay a lettings agent to manage tenancies for them, taking the hassle out of the rental process. You can read about our landlord packages here

Even more pleasingly, you can protect your investment through rent guarantee insurance. This is something that we at Julie Twist Properties can arrange for you as part of a property management package.

What to bear in mind - The key thing to remember when investing in property is that there are a number of additional costs to be paid beyond the price of the property itself. These include:
  • stamp duty
  • survey fees
  • solicitor’s fees
  • agent’s fees
  • service charges (for leasehold properties)

So, you need to factor in a buffer to cover those costs if your investment is going to be a successful one.

It is also important to remember that mortgages can be more complex to come by these days—even though lenders are selling more products than during the recession, lending rules have become stricter, which means that you need to be able to prove you can afford the mortgage alongside your other living costs. For buy-to-let mortgages, this normally means that the average rent for the type of property you want to buy needs to amount to around 125% of the cost of mortgage repayments. It is always best to speak to a mortgage adviser  to find out what you can afford and to make sure you get the best deal.

There are also other costs associated with property ownership, such as maintenance bills. You need to have a contingency plan to make sure you can continue to make mortgage repayments if there are any void periods. Again, taking some financial advice  can help you to avoid problems before they even arise.

How we can help?.
 At Julie Twist Properties, we are experts in working with investors, guiding people to build their portfolios. And that’s not all; beyond actually selling property to you, we can help with furniture, cleaning and finance. Then, once you’re ready, we can put your new investment on the rental market, finding you the perfect tenants and even managing the tenancy for you, if that’s what you require.

Contact our team of property experts today  to find out how we can tailor a package to suit you.


Related information

Tenancy Deposit Scheme
Becoming a Property Investor
Value My Property
Legal matters in rented property
Get a Lettings Valuation