Currently viewing the tag: "potential"
Active Or Passive Property Investment?

Active Or Passive Property Investment?

Active Or Passive Property Investment Methods

– Which Works Best For You?

There are many different approaches to property investment and a multitude of different methods and strategies that can be employed to generate profits from property, but which style of property investment methodology works best for you?

There isn’t enough room on this post to go into a great deal of detail about each and every different property investment method and strategy in use today, so we will just stick to a more broad descriptive about the advantages and disadvantages of active and passive property investment methods and we will focus on only the main points.

Continue reading »

Looking For A Buy To Let Mortgage?

Quarter Of Potential Property Investors Don’t Know How To Apply For Buy To Let Mortgages

New Research Discovers That Quarter Of Potential Property Investors Don’t Even Know How To Apply For Buy To Let Mortgages

New research by a specialist mortgage lender has discovered that an amazing 28% of would-be property investors don’t know how to apply for a buy to let mortgage in order to finance their property purchases.

The figures show that 1 in 4 potential property investors considering investing in property to boost their retirement income don’t know how to apply for a buy-to-let mortgage to get started on their property investment journey.

The research, conducted by specialist mortgage lender Kensington, also found that 54% of people approaching retirement age would consider investing in property using buy-to-let mortgages in order to help increase their income in retirement, but many didn’t know what they needed to do or what evidence to provide in order to apply for the correct type of mortgage.

Continue reading »

Property Turn Offs Are Good News For Property Investors

Property Turn Offs Are Good News For Property Investors

The Top 20 Property Turn-Offs
That Are Good News For Property Investors 

There are a number of obvious things that can put the general public off buying a property including damp, rotten windows and lack of a garden among the list of deal breakers for potential property buyers.

A survey by popular comparison website gocompare.com found that 70% of potential property buyers would not buy a property which had damp patches or stained walls or ceilings, 63% were put off by properties in a poor state of repair and 15% were put off by clutter.

Properties with problems are good news for landlords and property investors, as they have experience of rectifying issues in order to turn a profit and problems mean discounted sale prices, allowing equity to be locked into the deal from the start.

Generally, ordinary home buyers are afraid to spend money on issues that they know nothing about, however landlords and property investors can see beyond the solution and realise potential profit by fixing the issues that put off everyday home buyers.

Continue reading »

Five Important Aspects to Consider before investing overseas or buying a foreign investment property

Property Investors Dream Of Owning Property Overseas

Property Investors Dream Of Owning Property Overseas

Many UK property investors often dream of purchasing a single property abroad or even investing overseas in a ready made property portfolio. Although it is true that a great deal of money can be made by investing within the right market, this sector is not always plain sailing and inexperienced property investors can often find themselves getting into difficulty.

For this reason, it is crucial that buyers maintain a high level of caution before deciding to take the plunge and part with money to invest in a property overseas.

Five important aspects for consideration by property investors.

1. Think About The Reasons for Wanting to Invest Overseas

It is vital that property investors think carefully about the motives which make you want to invest in foreign property.

  • Do you want to invest because you have witnessed the positive market trends?
  • Do you feel obliged to invest in a particular country?
  • Will it be cost effective to own a property overseas rather than renting one yourself?

Before investing you need to do some vast research to ensure that there is a genuine demand for rental properties in your desired location. Carry out detailed calculations before buying to ensure that you will be making a long term profit on your foreign property.

2. Consider Travel Costs When Visiting and Maintaining a Property Overseas

Air travel is becoming more expensive, due to the price of fuel and carbon offsetting, for this reason, you must consider this aspect when purchasing an investment property abroad.

You may be required to visit the property for maintenance purposes or you could even be summoned to attend a court case in the country of purchase.

Think carefully before investing overseas as travel costs can quickly mount up, devouring any profit.

3. Be Realistic and Don’t Get Carried Away By Investment Hype

We all have seen the glossy magazine adverts pushing overseas property investment, however you must remain realistic and do a great deal of research regarding the location and costs in the area in which you would like to invest in a property. Talk to local residents and business owners and before signing contracts seek legal advice to ensure that you fully understand any clauses.

4. Check Market Viability Before Purchasing a Foreign Property

Before closing the deal you must find out how simple renting a property in your desired location is. Are there many empty properties in the area?

This is currently a large problem within the Spanish and Italian markets. Talk to a number of property agents in order to understand the local market before buying.

5. Think About the Potential of the Property in Question

How much money making potential does the property genuinely have?

If you are in the market solely to make a profit, consider low maintenance properties to keep costs down. Do your own due diligence, market research and operating and maintenance calculations to ensure that the property is worth investment.

At the end of the day, it is vital that you use your common sense within this competitive market and do not purchase a property unless you are 100% convinced that it is the right thing for you to do in today’s tough economy.

If you are ready to invest you can always find many reasonably-priced overseas properties for sale by clicking here.

Properties across Greater Manchester including shops, offices, flats and a restaurant will come under the hammer in London on Thursday 24th May 2012.

The eight sites will be sold at a commercial property auction held by Jones Lang LaSalle.

They feature among a catalogue of 25 lots with a total guide price of £16 Million (GBP).

The properties include The Apple Building, Oldham Road, Manchester, which comprises 53 flats and has a guide price of £3.15 Million (GBP). The Lakeside Villas & Apartments, Blackley, comprises nine flats and 23 houses and has a guide price of £1.6 Million (GBP). Two shops at Stockport’s Merseyway development occupied by chain stores will be up for grabs with a guide price of £1.55 Million (GBP) along with a site on Great Underbank, Stockport, which is currently let to Lloyds estimated at £1.2 Million (GBP).

Salford office blocks Balmoral House and Sandringham House (£1.25m in total) and Windsor Court (£450,000) are among the lots. Lombard House, Cheadle, which is currently let to Countryside Estate Agents, and an Est Est Est leased restaurant on Manchester Road, Bury, have guide prices of £500,000 (GBP) and £475,000 (GBP) respectively.

For more information about the Manchesterproperty auction
Contact Charlotte Maynard Auctions Co-ordinator – Jones Lang Lasalle
+44 (0)20 7087 5497 or email: charlotte.maynard@eu.jll.com

There Will Never Be A Better Time To Invest In Property

MyPropertyPowerTeam.co.uk helps property investors and landlords build their own property power team to enable them to profit from property - Visit our main site now!