Tag Archive: UK Investment property

Why Rent Out Residential Investment Property UK

invesment property ukThe United Kingdom is blessed with many things from a strong economy to a bustling tourism industry to countryside charms to metropolitan lights to well-renowned educational institutions to a healthy population and the list goes on. It’s therefore not surprising that more and more people want to come and stay in the country either for vacation, for work, for school, for business or for good. That and the fact that residential investment property UK are so in demand.

In a world where it’s almost always everyone’s first instinct to buy, renting or leasing has created a market upon itself. It has satiated a need and comes with its own set of perks or advantages for lessees. Think about it. Not everyone has the resources to buy outright and more often than not, the good properties with reasonable prices are pretty much snatched up already. Either that or they come in hefty price tags. After all, the demand for real estate in the country has grown significantly in years. Plus, buying isn’t practical when we’re not planning to stay for years.

But on a lessor’s standpoint, why should they choose to rent out their residential investment properties UK? Why not just sell it?

Finding a tenant is oftentimes faster than finding a buyer. Some assets can stay listed for months or even years which can be costly to owners and even be very detrimental considering the losses incurred. Remember that maintenance should still be upheld to keep the place functional and in good shape until a buyer shows up, if they ever do.

Renting out provides investors with an added income stream, oftentimes a regular one too. Leasing out will create rental income which is payable every period, either monthly, quarterly or yearly depending on the terms of the lease contract. How about the costs to owning the assets like maintenance and taxes? Many of these can be deductible from the total income to lessen tax liability.

Opting to lease also stamps one’s ownership and hold of the residential investment properties UK. Doing so will allow you to retain ownership which means equity is preserved. Despite having tenants occupy the space for the time stipulated and paid for within the bounds of the signed contract, the landlord or investor still holds the title to their name. Should you wish to sell this asset after some time or use it yourself will be all up to you. Selling, as the name suggests, will transfer ownership to the buyer.
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Do’s and Don’ts to a UK Property Investment

UK_property_investmentWhen we talk UK property investment, we mean business. This is regardless of type, size and features. All assets, residential, commercial, industrial and agricultural alike, are to be taken with gravity as they are huge undertakings both literally and figuratively. That said, here are some do’s and don’ts to help everyone get on the right track.

THE DO’s

  • Read up. Feast on relevant materials like books, magazines and even articles from the internet. Real estate is no easy feat and the journey becomes less daunting the more educated and aware you are of what you’re getting yourself into.
  • Have the asset surveyed. For validation and information purposes, call a chartered surveyor to examine and assess the UK property investment. They can help authenticate seller-provided details and bring to light other important facts such as the structural condition, ongoing cost estimate, useful life, depreciation rate and current market value among others.
  • Prepare financing beforehand. These purchases are hefty to say the least. Although some may appear more affordable than others, there’s no such thing as cheap in real estate. Moreover, funding options take time. Savings and income take considerable time to accumulate. As for credit, processing them will take weeks to months at the very least.

THE DON’Ts

  • Focus on the visuals. Majority of available UK property investments in the market are staged. This means that the furniture and fixtures as well as the interior details are not part of the deal. The sellers or brokers have put them there to make the asset look more alive and not blank. It also serves as a visual suggestion as to how the space can be utilized. Although they may seem pretty, they should not drive the decision to buy. They’re mere décor and not part of the sale.
  • Disregard ongoing costs. Repairs and maintenance expenses may not form part of the purchase price but they still form part of the costs to owning the asset. They can make it worth it or a burgeoning headache in the long run.
  • Ignore the benefits of research. You want to get to know the market to best be able to compare prices of similar assets. There’s also the need to run a background check on the property itself, the neighborhood, the seller and/or real estate firm and where need be the UK property investment’s previous uses and users.


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Factors to Consider in a UK Investment Property

A UK property investment is considered to be a very wise decision considering that the country is known to be one of the world’s biggest and strongest economies. With a population and tourist number that’s pretty promising, demand for real estate assets is beneficial to investors. However, not all properties are the same. Some are more valuable, others can be expensive to maintain and there are also those that have very promising potential. Then there are the opposites.

With all that said, we decided to look into the details and list down the vital factors to consider when buying a UK investment property.

  • PURPOSE – There are different types of properties and each one serve a unique purpose. Make sure that the asset one buys or looks into fits the bill. It has to cater to the needs otherwise it will be a useless purchase.
  • LOCATION – As we all know, location is king. It speaks a lot about the value of an asset. Regardless of its purpose, location has to be convenient primarily in terms of transportation and proximity to significant establishments.
  • FEATURES – Some features to a home or an office building shall bring a huge bearing in one’s decision. Just see to it that such features fall into the category of need rather than pure want. The latter can play a role but it should not drive the decision alone.
  • SPACE – There has to be ample are for movement regardless if the property is for personal, commercial or industrial use. Cramped areas are a huge no-no.
  • UK-investment-propertyPARKING – It becomes a huge headache when parking space is limited or worse nil. A home may only need a few but a commercial space will demand more. Absence of it can drive customers away.
  • NEIGHBORS – The structures and establishments adjacent to, beside or within the area of the property is crucial. For example, buying a house in an area near a school, one’s office, a hospital and a transportation hub is divine. Also, the properties near it shall either increase or decrease its value in the long run.
  • SAFETY – This is a no brainer. Always make sure that the property is safe not only in structural matters but also in terms of the location’s crime rate and security levels.
  • COSTS –A UK investment property is deemed expensive too should it have high repairs and maintenance expenses, also known as ongoing costs. Make sure to look into this matter before closing in on a purchase.

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