1 / 9

LOCAL KNOWLEDGE IS ESSENTIAL TO SELECT PROFITABLE RENTAL INVESTMENT PROPERTIES

Here we will discuss, the advantages to working with an established agent with comprehensive experience in property sales and the letting market in any region you intend to buy.

todanstee41
Download Presentation

LOCAL KNOWLEDGE IS ESSENTIAL TO SELECT PROFITABLE RENTAL INVESTMENT PROPERTIES

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Local Knowledge is Essential to Select Profitable Rental Investment Properties

  2. INTRODUCTION: Location is always an important factor in property, especially when deciding on the best opportunities to expand a buy-to-let investment properties portfolio. Landlords may have a preferred niche, such as high-end apartments for professionals or semi-detached family residences, but local knowledge is key. Here we will discuss, the advantages to working with an established agent with comprehensive experience in property sales and the letting market in any region you intend to buy.

  3. CALCULATING DEMAND BEFORE MAKING A BUY-TO-LET INVESTMENT PROPERTY ACQUISITION One of the fundamental elements of making a reliable profit through property rental is demand;Every city, town and village has specific neighbourhoods, roads and areas that are considered the most exclusive or preferable for diverse reasons:

  4. 01 • 04 • 02 • 05 • 03 ·Falling within catchment areas for outstanding schools. ·Easy access to transport routes, supermarkets and local amenities. ·Excellent views, with sea or river views a particular draw. ·Being within walking distance of parks, beaches and attractions. ·Off-street parking or free and plentiful on-street parking. • REAL ESTATE LISTING － JANUARY 2020 05–15

  5. UNDERSTANDING TENANT DEMOGRAPHICS FOR RENTAL INVESTMENT PROPERTIES MARKETING It can be useful to assess who you most anticipate renting your newly acquired property to and then consulting a letting agent to pinpoint the most meaningful priorities for that group. While most landlords will be used to considering their tenants rather than their own preferences and tastes when selecting investment properties, local agents can provide valuable insights that can add value to your bottom line.

  6. EVALUATING THE RIGHT RENTAL PRICE • Rental pricing can be difficult to get right, but you can decide it with consultation of a letting agent. A letting agent will help you with the following: • The number of prospective tenants on waiting lists. • Average rental prices in the specific part of West Sussex. • Demand for property types, sizes and locations. • Comparable rental premiums currently being charged. • Marketing options to boost visibility.

  7. THE ADVANTAGE OF LOCAL RENTAL MARKET EXPERTISE Local market trends and future developments can also affect the profitability of a rental property investment. Using the expertise, know-how and understanding of the local renter demographics an agent can offer, can provide a competitive advantage and ensure you invest in buy-to-let accommodation with confidence that it will return a viable profit.

  8. FINAL WORDS For more information about buying rental investment properties in any area within West Sussex, please get in touch with Tod Anstee - estate agents chichester at your convenience.

  9. Thank Information Source:- you! https://www.todanstee.com/latest-news/local-knowledge-essential-to-select-profitable-rental-investment-properties/

More Related