Apartments as an Investment
Investments Guildford Surrey
Why should anyone think of buying property as an investment?
Ever heard the phrase ‘it’s as safe as houses’?
There is your answer. You are investing your money in bricks and
mortar which will earn money for you while it is yours, and which
should almost certainly sell for dramatically more than you originally
paid for it when you sell on.
How is the money earned … well, go to any major city, to
any university town, or any seaside resort, and there is the source
of your income working in offices, studying at the university
or taking their holidays. Simple, really.
It makes more sense to buy a flat or an apartment than a house
– smaller units are easier to rent out, and the maintenance
bill should not be so severe. Owners of the other flats will have
their share to pay of the really major bills, like roof repairs.
Flats and apartments cost less to buy,
so you buy two or more small properties for what you would have
paid for a single unit and have two or more sets of tenants paying
their rent to you.
It also makes sense to buy new – people are much more willing
to rent a new property than an older one. In general new-build
flats are attractive, contemporary and sought-after. They have
been designed and built with the working professional in mind,
and have all the features that these tenants are looking for.
The higher quality let that you go for, the more discriminating
the tenant – different nationalities look for different
features and insist on finding them if they are to pay you rent.
These features are designed into new property.
Maintenance costs are considerably lower, as well – it
may seem a good idea to buy a large property and divide it into
flats, but this can end up being a lot more costly and less effective.
Another thing that has to be taken into consideration is the
area you are buying in. Surrey is a particularly good area to
invest in; it is close to London with excellent transport connections,
so there will be no shortage of tenants. Property prices in Surrey
are increasing faster than the national average – the ripple
effect means that as property prices in London have increased
to more than most people can afford, London workers are looking
further and further out for their homes and commuting in to work.
Guildford lies well within the commuter belt, so some people
will want week-stay accommodation there and travel back to their
main homes for their weekends.
A lot of ‘plus’ signs on your list when you are considering
putting your money into bricks and mortar!
Click here to view our investment apartments
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