Additional Income – Rent
is a great way to make regular ‘passive’
income that can also cover your mortgage repayments
at the same time.
More Reliable Market –
Buying to let is a more reliable way of making
money as it’s not massively affected by
fluctuating house prices and people are generally
more willing to rent.
Maintenance - You are responsible
for maintaining the property, which can be a
constant cost. Help make it more affordable
by investing in specialist
furniture and insurance deals that can help
you to cover any damage or repairs while the
tenants are living there.
Managing Tenants – Either
you or your estate agent needs to manage contracts,
costs, queries and complaints from tenants.
Agents will of course deduct a percentage fee.
crucial aspect that will affect your decision
is the timing of your investment, as the condition
of the property market could significantly sway
your choice. Assess what is the most profitable
by comparing various factors and seeking out
advice from reputable estate agents and reliable
websites to help guide you.