{"id":5024247,"date":"2019-07-12T10:13:40","date_gmt":"2019-07-12T09:13:40","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=5024247"},"modified":"2019-07-12T10:13:40","modified_gmt":"2019-07-12T09:13:40","slug":"how-to-choose-best-property-investment-for-you","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-au\/news\/how-to-choose-best-property-investment-for-you\/","title":{"rendered":"How to choose the best property investment for you"},"content":{"rendered":"
Property investment is not a one-size-fits-all solution, and the choices you make before you get off the starting block can dictate how your investment plays out in the long run.<\/strong><\/p>\n To make the best investment decision, you need to be armed with knowledge and information. Here are some of the most important factors to consider before signing on the dotted line.<\/p>\n An obvious point, this is where most investors start the decision-making process. It’s not just the sale price that matters, though. There are other costs associated with most purchases, such as stamp duty, conveyancing and mortgage fees. Also factor in if the property needs renovation, or furniture for both rentals and owner occupiers, as well as general running costs. It’s also useful to have an idea of the return on investment (ROI) you expect to achieve.<\/p>\n Maximise your investment’s potential by choosing a property somewhere that’s up and coming rather than already at its peak. London might once have been an obvious choice, but the market there has stagnated recently compared to areas in the north of England and Midlands. House prices are much lower outside the capital, with huge rental and capital appreciation potential. Investors should also weigh up the pros and cons between a city centre investment somewhere like Manchester<\/a>, or a property in a regional town such as Bolton<\/a>, where major regeneration is underway.<\/p>\n Whether it’s a small studio apartment or a six-bedroom HMO<\/a>, size is very important. Looking at the local market, areas such as London might see high rental demand for studio apartments as people look to live as centrally as possible without breaking the bank. In other areas, two-bedroom flats may be more appealing to renters, particularly for those who want to share with a friend to save money. Learn more on our podcast:<\/p>\n1. Budget<\/h4>\n
2. Location<\/h4>\n
3. Size<\/h4>\n