Letting Agent in Blackpool, Letting in Blackpool, Property to Let in Blackpool, Renting in Blackpool
Investment
Human nature makes people jump into markets at their heights and greed, easy finance, dubious property clubs and a plethora of T.V shows have fed the recent boom until it was no longer sustainable and crash everybody starts running for cover. SO why should you be thinking of investing in rental property now?
It is an asset that is real; you can see it, touch it and increase the value of it. Long term capital value has risen by approximately 9% per year since 1973 (past investment figures dont necessarily reflect future performance.) Attractive rental income. Significant tax advantages available. There is a shortage of housing in the UK, which given time should support prices and increase the likelihood of potential capital gains.SO what should your first steps be on the buy to let property ladder? BE CAREFUL, the first property is the most important and the most difficult to get right. Our advice is simple:- Do your homework, know your area, visit your local letting agents and ask loads of questions. Location is the key, stay clear of city centres unless in London and target cheaper housing in regeneration zones or areas with high rental demand (this is where your local letting agent comes in.) RESEARCH, RESEARCH, RESEARCH, as always is the key to success. Dont over stretch yourself and always allow for contingency costs for maintenance and void periods.
If you are thinking of investing in the North West or Fylde Coast, Tiger Estates can provide you with investment advice and opportunities. We are a new company formed by the amalgamation of two highly respected management companies in Blackpool, Stones Properties and Progress Property Services. We have highly experienced staff who if required can undertake all aspects of purchase, management and maintenance for our clients.
If you would like any further investment advice or information then please do not hesitate to contact us or call us on 01253 627111.
