A Beginner’s Guide to Property Investment
ZUNE TH
S AT TA R
A Beginner’s Guide to Property Investment Zuneth Sattar
Property investment is a popular choice in the UK, with around 2.5 million people already holding investment properties. Property investment offers both long-term gains in the form of appreciation and short-term income generation from tenants.
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Residential Renovations A common choice for first-time property investors is purchasing a residential property and renovating it before selling at a profit. The property can also be rented out prior to being sold on.
Identifying the Ceiling Value Every property has a ‘ceiling value’, which is the maximum price people are willing to pay for that type of house in that area. Even the most luxurious new fixtures and fittings will not make people pay above the ceiling, so renovators should factor this in when pricing up a ‘fixer-upper’.
Predicting Market Demand It is a popular myth that the most valuable properties to renovate are the worst houses on the best streets. However, savvy investors look instead for the next best street – the one in an area that is just beginning to become popular and gentrified.
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YOU CAN READ MORE ABOUT WHY YOU SHOULD DIVERSIFY YOUR PROPERTY PORTFOLIO IN 2021 BY VISITING THE BLOG OF ZUNETH SATTAR.