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Whether looking at property investment as a first time buyer, a home owner browsing the market for potential properties, or looking at property to invest in to create a profitable business portfolio, it can be a daunting and yet exciting time. property investment can be argued as one of the most profitable and financially viable financial investment opportunities, but there are a few points to consider wherever you are in the property market. Real estate can be one of the most promising investments of your life, provided you invest carefully. The UK property market in particular can prove a fantastic investment, as the fluctuating nature of the property economy can provide profitable opportunities with discounted residences with the potential to cash in on a property boom with increasing asking prices and rental possibilities. Below are just a few points to consider when looking for a property investment: Capital gain vs. cash flow What are you looking for in a property investment: a substantial profit in terms of capitol or generating income in the form of monthly rental income? This is to be considered for those looking to invest in a property to create, or enhance, a property portfolio. Once you have decided this, there are many more questions to ask yourself in terms of what property investment will be right for you. Location is possibly the most important aspect when looking at an investment for capital gain or rental income. Once you perfectly understand the target market for your investment you can consider properties in the most valuable locations, as well as choosing properties which will be attractive for your target market. Understanding location, the demands of the local area, the population demographics and economic status makes choosing types of property much simpler. Understanding what’s available Taking a thorough approach to what type of properties are available can help in retaining the most of your profit. Going through a property investment company is the simplest approach to attaining a profitable property, purchasing the best properties at below market value prices as well as receiving a variety of offers and financial packages to assist your purchase. Services such as rental guarantee take all the risk out of purchasing a property; perfect for those looking for a hands off investment, a rental income is guaranteed, meaning whether a property is tenanted or not, there is no effect to your income. Thorough inspections whether purchasing a property for yourself or for investment, and whether procuring one property or multiple, thorough building checks are imperative. The only exception is when investing through a property investment company who manage all buildings and maintenance. Understanding what checks need to be made, what improvements will need to be made and restrictions on the property in terms of planning permissions and proposed amendments are necessary to ensure a profit on your investment. Understanding what maintenance needs to be conducted in order to make the property habitable can be a deal breaker when it comes to looking at profit potentials. Understanding everything to do with the property in question will remove any unnecessary surprises (and expenses) in the future. Going through a property investment company obviously makes some of the above considerations less of a factor, as the checks have been made in order for the business to make a profit themselves, however conducting personal research, and having a keen understanding of the property and the current market can really make a difference between a successful and profitable business plan, maintaining maximum profits in terms of capital gain or monthly income and that of an expensive and stressful mishap. freshstart Living are a property investment company with properties available throughout the UK. Freshstart can enhance your property portfolio with a range of buy to let properties, including apartments, student accommodation and key worker homes at below market value
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