Property has been seen as a successful investment for the past 50 years or more.
Like any investment values can go down as well as up, however in the longer term the general trend has been upwards. This has led to a significant volume of buyers looking for investment earning a return as a letting property.
It is to be hoped your property will also achieve capital growth and make a worthwhile gain when you decide to sell.
There are a range of investment properties to choose from –
from the traditional private rented sector to commercial properties such as shops business and industrial units.
Local knowledge is essential and in property investment as in a lot of things in life if a bargain sounds too good to be true it usually is. Having said that a prudent buyer soon gets an eye in for what can be done to achieve a sensible return. So long as you buy cheap, exercise caution on spending on the refurbishment and sell well it can be a worthwhile and fruitful experience.
Recent tax changes have imposed extra costs including the so called second homes tax and if you are buying a residential property you should take advice at the budgeting stage or you may get a shock.
“Don’t let anyone rent a space in your head unless they are a good tenant”UnknownContact Us
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If you are buying a property in Scotland you will need a Scottish Solicitor. Ask about our ‘No Key – No Fee’ special deal where you pay no legal fees if your offer is unsuccessful.
