In both the past and present people have always looked for opportunities to increase their income and improve their assets. This desire has been supported and encouraged by our society, which over the years has produced numerous investment schemes. With an ever expanding range of options it can be hard to decide where is best to place your money, to ensure you’ll get the best outcome.
Property investment is one of the most popular types of investment, due to its proven ability to be both reliable and rewarding at the same time. Whilst there are risks, as with any investment, the benefits far outweigh them; that is why property has been used throughout history as a means of investment and remains to be one today, having stood the test of time.
Once you have decided to invest in property, there are two routes you can take, each leading you to more money. Buy-to-rent is an option that does exactly what it says on the tin, you buy a house and then rent it out. One of the many benefits of this method is that the tenants’ rent will cover the mortgage payments (if you have one), and any remaining money goes straight into your pocket. Aside from giving you more dispensable income, this spare money could to help you invest in another buy-to-rent, or might even become your primary source of income. As a landlord you will reap the benefits through being your own boss; meaning no more 9 to 5 and a lighter work load, which will likely never be anything more than small maintenance issues. The biggest perk of this option, is that if you decide to sell the house at some point, you’ll get a lot more back than what you paid for it. With your tenant’s having paid off a large chunk of your mortgage, you could potentially double (or more) your original investment.
If you don’t fancy renting and are up for a bigger challenge, that’s where our other option comes in. When you flip a house you’re also making a commitment that you have to see through till the end, and while this requires a more effort on your side, it can be just as gratuitous, if not more. Buy-to-flip works on the concept of investing in a run-down property and changing it so it will resell for a higher price, giving yourself a healthy profit. Having a good eye is essential for this, in order to spot a property with potential and a stunning design plan that will interest the customers. The biggest benefit of this approach is that whilst you don’t shy away from a challenge, others do; plenty see the stress of moving big enough and are willing to pay extra if it means they can avoid a property that needs fixing up. This means there’s plenty of customers wanting to buy your property, you just need to finish it first!
Like the sound of it?
As previously mentioned, property investment is one of the most successful means of investing, and isn’t going anywhere anytime soon. More and more people are investing in property as the UK property value only continues to rise, this meaning that as an investor you could be set to make a huge profit. We are helping individuals to invest their money in property, and to ensure that they get the best outcome possible. Feel free to get in contact if you have any queries about investment, or simply want to hear more about how we can help.