As experts in property investment in Glasgow, we work with many clients getting into the property market for the first time. It has always a pleasure to be able to guide new investors through the early stages of their new ventures, then help them go on to build strong portfolios consisting of as many properties is they can comfortably handle. We would be happy to help you with your Glasgow property investments as well.
If you're new to the property market, be aware that there is a lot to learn.
Here are the top four property investment considerations you should be thinking about as you get started:
The primary goal of any investment is to turn a profit. The return on investment (ROI) principle is as vital to property as it is to stocks and shares. Therefore, the first consideration is always sale price. How much will you pay for a new property as opposed to the amount of rental income it will generate? Paying too much at the point of initial investment could mean struggling to make a profit for years.
The rental value of any property plays a key role in determining how profitable the investment is. Furthermore, the location of a property is a crucial factor in what the rental value will be. First-time investors need to learn where to find the best performing Glasgow neighbourhoods for the kinds of properties they want to invest in are. Purchasing property without considering location and without local knowledge is a recipe for disaster.
Opportunities for property investment in Glasgow are such that properties can be found in a multitude of price ranges. There are some really cheap properties out there for investors not afraid of renovations. That raises the question of how much you are willing to invest in those renovations. If renovations scare you, it might be worth spending a little more on properties that are in "turn-key" condition.
Lastly, investment property can be financed in a number of different ways. The most common financing method is the standard buy-to-let mortgage. Such mortgages can be obtained as an individual landlord or as the manager of a limited company holding a portfolio of multiple properties. In cases where a buy-to-let mortgage is inappropriate, investors can use bridge financing, peer-to-peer financing, or any number of other options.
There is a lot to think about before you begin investing in property but the above items are certainly a good place to start.. Domino Estates would be happy to help you with these early considerations and then taking the next steps to becoming a property investor. The combined knowledge and experience of our staff makes us the perfect choice for partnering with you in your new venture of property investment in Glasgow.
For more information on our Property Investment service and to arrange a free consultation click on the link below.