Why a UK Investment Property Suits You

UK-investmentLooking for investment opportunities? Well then you’re in the right place. Today, we’ll give you a rundown on the reasons why a UK investment property just might suit you.

The United Kingdom is first and foremost one of the leading economies in the world but more than that, it’s bustling tourism industry is what sets it as a great investment opportunity. Why so? Here, allow us to expound a little more.

Contributing a whopping 9% to the country’s GDP and over 18 million visitors recorded in 2014 alone, a lot is surely going on in the United Kingdom. This is good news of course. The movement and the flock of domestic and international tourists pave the way for the rise of property investment returns.

Tourism brings visitors and that also happens to include businesses. Think about it this way. The more people, the more needs. The hotel sector for one is pretty booming as people will need a place to reside in. Hotels, apartelles, condo units for rent and similar other lodging will be popping up like mushrooms. The same is true for food, transportation and touring establishments among others.

In other words, the UK’s tourism boosts its business sector. So what’s the link now? When more businesses come in and more people want to stay and visit the country, the demand for properties tends to increase. This in turn shall allow for the appreciation of assets thereby promoting better investment returns.

Let’s take it by example in two different perspectives. First there’s the investor who leases office and store spaces within the city. The healthy tourism levels shall help bring in more businesses and therefore clients. It creates a demand and supply for land and building almost always stays the same. Land and space cannot multiply after all. More demand and less supply means higher values and prices and thereby faster returns.

In the point of view of a father, the tourism of the country alongside the improvements in infrastructure and the construction of various establishments around his UK investment property, in this case his house, helps in increasing the asset’s value. Remember that the more demand there is for assets in a specific location and the more establishments are built around it, the higher its value becomes over time.

So whether one’s UK investment property is for personal or commercial use, tourism still gives it a win-win.

Residential Property Investment Tips

investment-advice 2Making a residential property investment is one of the biggest purchases you will ever make in your life. Owning a home is no easy-peesy deal. It takes a lot of hard work and not to mention financial resources to get one. That is unless you’ve won the lottery or you happen to be a multi-millionaire of some sort. Regardless, you will have to make sure that you make the right calls and get the best deals. We all want to get the best bang for our buck right? How do you do that? We’ve got some tips for you!

  • Buy low and sell high. This is the rule that investors who plan to lease out or to resell properties aim for and that should likewise apply to you even if you don’t have any plans on selling the home in the near future. You never know for sure and it would be best to sell something with a return than with a loss right?
  • Know what to look for to initiate a bargain. Sellers and agents will want to sell as high as possible but as a buyer you want to get it at a lower price. Not everyone is open to negotiation so you have to know who to target for a bargaining chip. Your best bet will have to be either properties that have been in the market for long or those that want to sell quickly. They are far more open to negotiations than others.
  • Know the neighborhood. This is not merely for purposes of acquaintanceship or location assessment but also as a form of research. Knowing the true value of a home includes having to know the worth of properties surrounding it.
  • Always set a budget for yourself. You cannot risk going overboard. Remember that there is more to your expenses than the price tag. There are other hidden costs that you will have to shoulder such as but are not limited to professional fees, survey and examination fees, taxes and other legal costs.
  • Always have ongoing costs computed. Many residential property investment buyers fail to consider this and suffer in the process. Such costs pertaining to maintenance and repairs do not surface unless you ask or have the asset checked. Some properties may be priced low at the onset but come with staggering ongoing expenses that will cripple you so check and do your research first.

Creating and Adding Value to Your UK Property Investment

uk investment propertyDid you know that you can further add value to your UK property investment? Yes you’ve read that right. You can further increase the market value of your asset through several means other than the usual appreciation means there are. Whether you want this for reasons of business, a sale or simply to ensure that your investment doesn’t depreciate to nothingness, the following advice could prove to be beneficial and useful.

  1. Add value by beautifying the lawn.

Clean up your walkway and pavement. Trim the grass and don’t forget to mow near the edge of the sidewalk too. A little sprucing up of your lawn, garden and pathways can make your property livelier, cleaner and more joyful to look at. There is a reason why landscaping and garden details whether big or small are always imbedded in every property. They spice it up.

  1. Add value by making the appropriate repairs and improvements.

If there are any items that need repair, maintenance, replacement or improvements then see to it that you provide accordingly. This will not only keep the investment in tip top shape but the expenses assumed can also be capitalized with the asset’s value depending on the amount spent and its impact on useful life.

  1. Add value by repainting your walls.

If you want a simple and cost efficient way to make a property for sale extra appealing, repaint its walls. Old and chipped walls will give a wrong impression to buyers and can make them think that it should be priced at a lower value. Brokers and agents suggest that walls be kept simple and preferably in light shades like white to make the place appear spacious and fresh.

  1. Add value by spicing up the interiors.

A few additions like rugs, pillows, curtains, a vase of flowers and the like can enhance the look and feel of any property. This is especially true if the asset is for personal use whether commercial or residential in nature. Never leave it barren, boring and forlorn looking. Create the right ambiance and get the appropriate results.

  1. Add value by changing old and forlorn fixtures.

You can also add much needed value to your UK property investment by changing any fixtures that are not only damaged but also those that look dull, out of place, mismatched and forlorn. It may be a simple thing to do but it can make a whole lot of difference.