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