{"id":6037974,"date":"2021-12-06T09:42:37","date_gmt":"2021-12-06T09:42:37","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=6037974"},"modified":"2021-12-06T09:42:37","modified_gmt":"2021-12-06T09:42:37","slug":"research-become-successful-property-investor","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/zh-hk\/2021\/12\/06\/research-become-successful-property-investor\/","title":{"rendered":"“Research is key”: how to become a successful property investor"},"content":{"rendered":"
The starting point for any accomplished property investor is research, says editor Ellen Klein, but there are plenty of important decisions to make along the way, too.\u00a0<\/strong><\/p>\n In a blog looking at how a budding property investor<\/a> today can navigate the current climate for a successful investment, editor Ellen Klein<\/a> has outlined some of the key points to consider. And the starting point for anyone making a big financial decision is probably an obvious one: thorough research.<\/p>\n To start off the process, says Klein, it is vital to look into every aspect that will bring long-term<\/a> benefits. “Research neighbourhoods and housing prices, save up for your down-payment and ensure that you are pre-approved for a mortgage so that you can pounce when the right opportunity presents itself,” she says.<\/p>\n While those unfamiliar with the current UK property market might still be inclined to look at ‘obvious’ areas like London<\/a> to invest, some basic research could bring about a drastic rethink. For several years now, areas like the north-west<\/a>, Yorkshire<\/a> and the East and West Midlands<\/a> have experienced booming housing markets. Parts of London are certainly still generating great returns for landlords, but there is plenty of data to show that other areas are winning out.<\/p>\n As Klein points out, becoming a property investor is not a decision to be taken lightly. While there are huge rewards to be had for those who invest well, there are risks, too.<\/p>\n “There is so much to consider, from operating costs and mortgage expenses to finding prospective tenants, handling maintenance and more,” she says. “Owning a rental property comes with significant risks attached, so you need to be sure that you are up to the challenge.”<\/p><\/blockquote>\n Yet when comparing a property investment to an investment on the stock market, for example, there are clear advantages. For example, you have more influence over your property, says Klein; you can perform upgrades or repairs to attract high-paying<\/a> tenants.<\/p>\n Being a property investor with cash can have its benefits, such as sometimes securing a lower price. However, Klein points out that it might still be worth considering a mortgage<\/a>. This is particularly the case if you plan on buying more properties at a later date, as it leaves some money aside for future deposits.<\/p>\n Borrowing<\/a> is also incredibly cheap right now. With the Bank of England base rate still at an all-time low of 0.1%, lenders are matching their products with the low rate, and are offering numerous competitive deals. Most speculation points to a base rate rise in the near future, so buyers are advised to secure cheap mortgage deals sooner rather than later.<\/p>\n Klein advises: “Use a mortgage calculator to start drafting how much monthly repayments, stamp duties and rates will cost you. Then, apply for pre-approval to check how significant of a mortgage you qualify for.<\/p>\n “Remember to make it clear that you plan on purchasing an investment property. This investment is governed by different rules to those that apply to primary residences.”<\/p><\/blockquote>\n There are a number of other things to be aware of before you take the plunge to become a property investor, says Klein.<\/p>\n At BuyAssociation, our team of investment consultants can guide you through the process of investing in a property direct from the developer. We also work with partners who can offer advice where needed. Get in touch<\/a> today for more information, and browse some of our current investment opportunities<\/a>.\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The starting point for any accomplished property investor is research, says editor Ellen Klein, but there are plenty of important decisions to make along the way, too.\u00a0 In a blog looking at how a budding property investor today can navigate the current climate for a successful investment, editor Ellen Klein has outlined some of the… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":6037994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,4,6],"tags":[17,36],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/posts\/6037974"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/comments?post=6037974"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/posts\/6037974\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/media\/6037994"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/media?parent=6037974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/categories?post=6037974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/tags?post=6037974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Risks and rewards<\/h4>\n
To borrow or not to borrow?<\/h4>\n
Extra considerations for a property investor<\/h4>\n
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