{"id":6094944,"date":"2023-07-11T08:50:42","date_gmt":"2023-07-11T07:50:42","guid":{"rendered":"https:\/\/www.buyassociationgroup.com\/en-gb\/?p=6094944"},"modified":"2023-07-10T13:47:12","modified_gmt":"2023-07-10T12:47:12","slug":"add-value-investment","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2023\/07\/11\/add-value-investment\/","title":{"rendered":"Add value to your investment by buying near green space"},"content":{"rendered":"

A key part of a successful property investment is choosing an ideal location, and new research has come up with a list of top priorities that people look for.\u00a0<\/strong><\/p>\n

Whether you’re buying a home to live in, or choosing a property investment<\/a> that needs to appeal to tenants, location has always been a key factor. This might come down to proximity to family, a particular school or transport links, and it is one of the few qualities of a property that cannot be changed.<\/p>\n

New research from Jackston-Stops<\/a> has found that the top ‘must-have’ for buyers at the moment when choosing a property is being situated within a 20-minute walk of public green space or park. This was a top priority for more than half (52%) of people surveyed.<\/p>\n

While the study looked specifically at homeowners<\/a>, those looking at it from a property investment point of view can certainly use the findings as a way of choosing a more desirable property. After all, the aim is for it to appeal to the maximum amount of tenants, or even future buyers.<\/p>\n

Buyers seeking convenience<\/h4>\n

The 2020 pandemic and lockdowns changed the attitudes of many homeowners and tenants, with many prioritising both their internal and external space more than ever. For lots of workers, home-working<\/a> or hybrid working has become a permanent fixture, and this can certainly influence location choice.<\/p>\n

However, the number of people that have begun to more to more regularly commute to work is on the rise, according to the latest data. This is reflected in Jackson-Stops’ research which found that location choice is once again heavily influenced by those seeking a convenient commute.<\/p>\n

In joint-second place, 48% of respondents said their must-have when it comes to location is living within commuting distance from work. The same percentage cited living close to good connections, with a fast train line or motorway access, was their top priority for investment location.<\/p>\n

Rather than focusing on a rural setting, it seems a higher percentage of people still enjoy living in a busy area, which could again be something to factor in when considering a property investment location<\/a>. More than two fifths (43%) of people want to live somewhere that’s “amenity-rich” with walkable shops and restaurants.<\/p>\n

Nick Leeming, chairman of Jackson-Stops, said:\u00a0\u201cThey say an Englishman\u2019s home is his castle, and the data points to the growing trend towards ready-made convenient living all within touching distance of the home, whether that be the benefit of a downstairs toilet or a shorter commute to work.<\/p>\n

Property investment checklist<\/h4>\n

While the property’s physical location is hugely important to ensure a successful investment, there are more factors to take into account if a property is going to be let out. For example, an area with good employment prospects and high tenant demand<\/a> is likely to reap higher rewards.<\/p>\n

However, there are plenty of internal aspects that can make an investment property more appealing to tenants, which can also be factored in or added.<\/p>\n

In its survey of homeowners, Jackson-Stops also narrowed down what people wanted to find within their ideal next property, and interestingly four particular qualities came in joint first place, each chosen by 30% of respondents.<\/p>\n

These were having a downstairs toilet, a large garden, energy-saving measures already in place, and a home-working space or home office. Again, the convenience of a downstairs loo alongside being able to enjoy the green space of a large garden were high on the wish list.<\/p>\n

Energy bills<\/a> are a huge topic across the housing industry at the moment, and are of course having a huge impact on both home buyers and property investment choices. In the private rented sector, there are already minimum energy efficiency standards<\/a> in place, and these are likely to be tightened in the future.<\/p>\n

Nick Leeming commented:\u00a0\u201cBuyers looking for green energy measures already installed is a significant trend that is likely to grow in the coming years, removing the inconvenience of exploring these routes themselves and installation costs, noting the long-term benefits of lower energy bills.<\/p>\n

“Less disposable income is playing its role in these results, and this is where we might see buyers start to negotiate on asking prices, prioritising a home purchase that is future-proofed from day one.\u201d<\/p>\n

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A key part of a successful property investment is choosing an ideal location, and new research has come up with a list of top priorities that people look for.\u00a0 Whether you’re buying a home to live in, or choosing a property investment that needs to appeal to tenants, location has always been a key factor.… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":6094953,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6,4],"tags":[440,110,256],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6094944"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=6094944"}],"version-history":[{"count":5,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6094944\/revisions"}],"predecessor-version":[{"id":6094952,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6094944\/revisions\/6094952"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/6094953"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=6094944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=6094944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=6094944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}