hilst property can be a There are still generous returns
very 'hands on' awaiting investors in UK, Spanish
investment, some novice and Florida property. The key is
buy-to-let landlords often make good solid knowledge. You must
fundamental mistakes, which can avoid and understand the common
turn property into a financial pitfalls.
burden. This can easily turn
would be great investors away Lets look at some of things to
from a lucrative area. consider when entering the
buy-to-let market: Mortgages
Recently, you may have seen the
scare-stories about buy-to-let The difference between the best
being a risky investment, and and the worst rate can be
it’s true that the risks of hundreds or even thousands of
increasing interest rates and pounds – this will quickly kill
lowering rental yields means the profit in your investment.
'amateur hour' in property
investing is coming to an end. Refurbishment and maintenance
But read on to find out how to
avoid simple, common mistakes. Do you know exactly the hourly
rate you should be paying for
Whilst property values can go plasterers, electricians or
down as well as up, particularly plumbers? If you do not budget
in the short term, if you prepare properly - and negotiate smartly
well and get the knowledge and – you can loose hundreds or
confidence to minimise the risks thousands of pounds.
and avoid the pitfalls you can
easily make lots of cash by Rental voids – avoid by proper
Investing in Property. forward planning
Even the most successful agent badly managed will draw the
landlords experience periods when profit out of your investment and
they have no tenants. We'll teach drive away your tenants. Choosing
you how to minimise your rental the right lettings agent is vital
voids, and make them part of your to your success.
planning.
If you avoid these pitfalls and
Lettings agents – know some basic many more you will be well on
facts about them. Check them out your way to successful Property
before investing time, money and Investing.
potential profit with them.
Proper planning means you can
The right agent, properly build a deal that "stacks up"
managed, is an asset maximising every time.
your rental return. The wrong
About the Author:
Ian Johnston spells out the common pitfall and gives his insider information on the popular website http://www.ukpropertyreview.info/ go there to learn all the insider tips you will ever need to know to make good investments in UK Property and get into some great Property Deals around Europe
