Property Investment - Location All Important
Buying property in the right location is all important. This is especially true for property investors keen to make a quick buck through renovation or opting to make a long term investment through buy to let purchases.
Property investors have to choose their area carefully. For example, according to www.wheresmyproperty.com, if a buyer had bought a house in parts of Northern Ireland they would be enjoying an increase in their investment of nearly 29% since March 2005, whereas the average property price in the popular holiday destination of the UK's South West (second holiday home potential) has risen by less than 1% in the same period.
Property investors need to choose their property with care and with a clear intention on how their investment will grow. Buy to let properties can be long term investments whereas renovation projects can be relatively short term. With the current trend of renovation television programmes this type of investment is becoming very popular and thought by some, a fast track route to a good profit. As a result, finding renovation projects has become very competitive. To beat the competition potential buyers can subscribe to services such as www.renovatealerts.com where details of properties are sent to you as soon as they as advertised online. This type of service is really aimed at those who are serious about finding their next renovation project and is a useful tool to get yourself to the front of the queue without spending time searching yourself.
Of course house buyers also need to have the back up troops ready: the mortgage provider, the solicitor and if necessary, a builder on hand to check your figures on any improvements that are needed. And finally, house buying, be it for your principle home or for investment needn't be stressful if you do your homework: research your area, the facilities and check and recheck that the house you want to buy is one that will meet with your desired outcomes.
To find your property go to www.wheresmyproperty.com, the UK Property Search Engine listing around 900,000 properties from 1000s of estate agents.
The opinions expressed are those of the author and the material is for general information only and does not constitute investment, tax, legal or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Always obtain independent, professional advice for your own particular situation.
Susy Copus is a property commentator and has written for the UK Property Search Engine, http://www.wheresmyproperty.com, http://www.renovatealerts.com who specialise in finding property to renovate and http://www.propertymoneymaker.co.uk.
Property investors have to choose their area carefully. For example, according to www.wheresmyproperty.com, if a buyer had bought a house in parts of Northern Ireland they would be enjoying an increase in their investment of nearly 29% since March 2005, whereas the average property price in the popular holiday destination of the UK's South West (second holiday home potential) has risen by less than 1% in the same period.
Property investors need to choose their property with care and with a clear intention on how their investment will grow. Buy to let properties can be long term investments whereas renovation projects can be relatively short term. With the current trend of renovation television programmes this type of investment is becoming very popular and thought by some, a fast track route to a good profit. As a result, finding renovation projects has become very competitive. To beat the competition potential buyers can subscribe to services such as www.renovatealerts.com where details of properties are sent to you as soon as they as advertised online. This type of service is really aimed at those who are serious about finding their next renovation project and is a useful tool to get yourself to the front of the queue without spending time searching yourself.
Of course house buyers also need to have the back up troops ready: the mortgage provider, the solicitor and if necessary, a builder on hand to check your figures on any improvements that are needed. And finally, house buying, be it for your principle home or for investment needn't be stressful if you do your homework: research your area, the facilities and check and recheck that the house you want to buy is one that will meet with your desired outcomes.
To find your property go to www.wheresmyproperty.com, the UK Property Search Engine listing around 900,000 properties from 1000s of estate agents.
The opinions expressed are those of the author and the material is for general information only and does not constitute investment, tax, legal or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Always obtain independent, professional advice for your own particular situation.
Susy Copus is a property commentator and has written for the UK Property Search Engine, http://www.wheresmyproperty.com, http://www.renovatealerts.com who specialise in finding property to renovate and http://www.propertymoneymaker.co.uk.
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Source: http://www.articlealley.com
Source: http://www.articlealley.com
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