Property Buy to Let Guide

Galliard Homes has extensive experience of the London buy to let marketplace and below you find a brief rundown of the key issues that need to be addressed by every property investor:

Choose your location carefully.
Take your time to choose a good rental area and find the best buy-to-let deals. Look at how close the property is to local amenities. If you are aiming to let your property to a family, how close are the nearest schools? If you want to develop a property for young professionals, are transport links, cafes and restaurants nearby?

Seek specialist buy-to-let advice.
Letting agents, such as Galliard Residential are the best place to get advice on the best area and type of property to invest in. If you would rather research the market yourself, you could gather information from estate agents, local papers and existing landlords.

Don’t develop for yourself.
Once you’ve chosen your location and purchased your property, always bear your target market in mind when renovating. Many novice property developers make the mistake of creating a home to suit their tastes and not the requirements of potential tenants. It is also important to remember your property should have features that are attractive to would-be tenants, rather than would-be purchasers. Galliard Homes has been developing units that rent well for 2 decades, why not take a look at one of our developments in your chosen location

Budget wisely.
Realistically, there will be periods when your property will be empty so you need to budget for this eventuality. Similarly, unless the market is buoyant, don’t expect to gain massive profits if selling your property on. Also, don’t forget to set money aside for repair work. One way to minimise void periods is to employ a good professional letting agent, Galliard Residential can help you achieve the maximum rent for your property and even can employ experienced contractors to renovate and repair should your property require it.

Decide on your level of involvement.
Property investment doesn’t begin and end with a purchase. You can either rent it out yourself or more preferably get an agent to do so. Property management and letting companies, such as Galliard Residential Ltd, will deal with any problems and have a good network of tradesmen if things go wrong. You can make more money by renting the property out yourself but be prepared to give up weekends and evenings on viewings, advertising and repairs.

Galliard Homes has nearly 20 years’ experience in helping clients with all aspects of buying property to let in London. To learn more about Galliard Homes and how we can help you with buying to let in London, call us now on +44 (0) 20 7620 1500.