Where to invest in property in 2019

Where to invest in property in 2019

22nd Feb, 2019

It’s now getting closer to the end of February, and just as the weather appears to be improving daily, so the property market will inevitably see an increase in sales too.

Whether you’re a first-time buyer or someone looking for their second home, it can be difficult to know where and what type of property to invest your money in.

So we have put together a short and simple guide to help you purchase the best house for you, in the perfect area!

Student lets

Did you know? Yorkshire produces around 55,000 graduates every year, putting student property lets at the top of the list when it comes to investments. Finding a house centrally located may be a bit of a challenge, but with regular bus routes available, you can widen your search further out of town – as long as the university and social spots are easily accessible, academics will still be interested.

It can be a big task becoming a landlord of a student house, but there are many companies that will manage this aspect for you, at a fee. So it doesn’t have to be a difficult or time consuming task, and you will still benefit from an extra income.

Holiday homes

Thanks to sites such as Booking.com and AirBnB, holiday lets is a growing industry. Not only do they allow you to escape your home throughout the year, but they also generate extra money on a monthly basis.

Even though it will come at a price, we would recommend investing in a house which is in a sought-after location, to really grab people’s attention and ensure it will be booked up all-year-round.

HMO’s

Houses of Multiple Occupancy (HMO) are popular amongst those who want to really maximise their income from a property. Similar to a student house, you can transform a single large home to accommodate more than more person. Simply converting all of the major rooms into bedrooms will allow occupants to have their own space, whilst sharing a kitchen and bathroom(s).

Location

The type of property you are looking to invest in will determine the appropriate location. If it’s for your own personal use, the area is completely down to your own preferences. However, if you’re buying with the aim of renting it out, you need to think more carefully. It’s important to keep in mind the purpose of your house, and not only consider the town or city itself, but also how close it is to amenities.

People like convenience, and are usually more likely to pay a little more for something that is situated near to where they want to be – whether for work, school or to explore a city.

We hope that these tips will help you to find the perfect property, in the right location. If you’re on the lookout to buy, sell or rent, we may have what you are looking for. Head over to our site to see what’s on offer in the market at the moment.  

View all posts by Gwen Kaye


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