“Buy to let property can be a great investment, but make sure you thoroughly research the area and market before you buy, as mistakes could be costly, says Steve Archer, Lettings Director.
“Location is an important factor when attempting a successful buy to let venture. Check that there is demand in the area for rental property and identify what type of property is sought after. Is the area up and coming or declining in popularity? Are there any developments planned in the area? What potential problems could there be? Careful planning and the right decision will mean you shouldn’t find it difficult to get a return on your investment.
“Calders can do all the hard work for you regarding the management of the property. We have the appropriate experience to ensure you have good tenants who are properly vetted and will pay the rent on time. Calders will help you with the contract and inventory you will need to have in place.
“Remember to do your best to maintain a good relationship with your tenant and be responsive to any problems with the property. By looking after your tenant, he or she is more likely to look after your investment.”
For further advice, call any of the lettings team at Calders on 01827 66686 or why not send us an email, [email protected]