Should you have a property for sale or rent and you want to get the best price for it, then to arrange a valuation is a very good start.
Buy-to-let is a British phrase referring to the purchase of a property specifically to let out. There are the prolific investors, who make a living out of buy-to-let and there are those of us who invest in a single property as a future pension etc. Its important when purchasing a buy to let as you need to take into consideration in what type tenant you want to attract.
([total income – total costs] ÷ the value of the property) x 100 = % net yield
Mortgage repayments + estimated refurb costs + vacant time (estimate 30 days per year) + service charge and ground rent (if the property is leasehold)
When letting the property it's important...
In ensuring the correct rent for the rent for the property as a high rental value will put off tenants and could well increase the amount of time your property is vacant.
This means you spending money, but there’ll be none coming in.
Of course, there is so much more to the process to becoming a buy to let landlord and would advise to contact our lettings department or see our lettings tab
If you wish to make enquiries regarding your property, pick our brain on a particular issue or simply meet the team then please feel welcome to visit us for a pleasant and informal chat at either of our Estate Agents offices in Southgate.