Invest in property when you’re ready, of course. When you have the available funds and a sound strategy in place. That said, if you are ready, and considering a property investment, the market conditions are in your favour as we move towards the final quarter of 2024.
When landlords are getting out, that’s your cue to get in
Landlords are more heavily regulated than ever before, and they’re in the news again this week. The Government has announced that the renters’ rights bill will stop landlords from accepting more than the rental amount they advertise.
Many landlords are feeling the squeeze of the changing conditions, and they’re fed up of being scapegoated in the press. They’re selling up and getting out.
That’s good news for you, as a potential buyer. It means there are lots of great investment properties coming onto the market. We’re getting loads of fantastic deals across our desk (and we share them with our mailing list every week – sign up if you’d like to receive them). If you’re ready to invest in property, you have plenty of opportunity.
‘But what about the doom, gloom and sensational headlines?’ I hear you ask.
Well, actually, the implications for landlords aren’t all bad.
Invest in property now and watch the value increase over time
The renters’ reform bill will stop landlords from accepting a higher rent than advertised. They can still accept a lower figure, so what’s likely to happen? Rents will be set at artificially high rates, with all negotiation happening below the advertised figure.
Rents will skyrocket when these changes are brought in. And they’re already on the increase, due to other factors. The population is increasing faster than the amount of available housing. Supply and demand is pushing rents up. As long as the Government continues to blame private landlords (and other social groups) for the housing shortage, instead of actually building more houses, this isn’t going to change.
Housing will remain a limited resource. Rents will continue to increase and so will the value of your properties.
Make sure your investment is futureproof
Buying a house and renting it out yourself isn’t as attractive a prospect as it once was. That’s no bad thing – as landlords and investors, we’re providing homes – it’s right that there are rules surrounding that. It ISN’T harder to become an investor. It’s just that the entry route is a little different now. The legislation shouldn’t put you off.
Make sure you go about things the right way. Have the support you need to manage your properties well, and you’ll be all set to make fantastic returns.
If you try to cut corners – to save money on property management, repairs and maintenance – you’ll quickly find yourself non-compliant, stuck with problem tenants you can’t get rid of and a property falling into disrepair. That’s avoidable. Calculate your figures from the start. Make sure the net yield from every property you buy is high enough, after budgeting for professional property management.
@homesureproperty What is meant by gross & net yield, how to work them out and what these calculations mean, when investing in property. #propertyinvestmentspecialist #investinpropertyuk #liverpoolpropertyinvestments #ukpropertyinvestors ♬ original sound – Homesure Property
There are lots of deals out there right now, that will make you a great return – even after budgeting to keep the place in good repair and have the whole thing managed by a professional.
This is the modern approach to property investment. It’s the way for you to make maximum income for minimum effort, while providing excellent quality housing. And, thanks to economic conditions, the value of your assets will increase over time.
This is where time IN the market becomes important. For every month you put off buying an investment property, you lose a month’s rent! If you’re ready to take the next step, do that now by booking a free, no-obligation investment consultation with one of our directors. We’ll help to set you on the right track, whether that’s by providing some advice, helping you to plan your strategy, or finding your next investment opportunity.
@homesureproperty We’re starting the new year with one of the most important pieces of investment advice we have to share. Property investors and aspiring property investors take note – if you’re wondering when to buy, the answer is more simple than you think! Trying to time the property market is a fruitless task, and here’s Homesure’s CEO Nick to explain why. So, if you want to buy an investment property, don’t put it off – start looking today, start earning income ASAP. Take a look back through our videos and blog posts for more property investment advice. And, of course, give us a follow cos there’s plenty more to come! #propertyinvestment #liverpoolproperty #propertysourcer #propertyinvestmentadvice #propertyinvestors #ukproperty #ukinvestment #ukpropertymarket ♬ original sound – Homesure Property