There is so much uncertainty currently.
The Trump: Biden standoff, not only an unseemly moment for the USA but for Democracy globally.
Due diligence can reduce uncertainty when investing in residential property by spending a significant amount of time researching and doing analysis before jumping to site visits.
• Can the area deliver your target yields and capital growth aspirations?
• If it can, is this likely to attract your ideal tenant type?
• And can you afford the type of property you want, whether it be freehold or leasehold, or number of bedrooms?
If you are in rush to beat a deadline, what about the sale status e.g. is there a chain? Has the vendor got other options which means they might be less flexible on price?
All of this before physical site visits, which – for me – are not only to view properties but also to see how professional the estate agent is when conducting the viewing. Are they adhering to best practice Covid guidelines? I tend to use this as a proxy for professionalism. If they’re professional during the sale, they are likely to be professional management agents and serve you well during a lockdown.
If you would like help finding the right buy-to-let properties for you then please get in contact.
My business focuses on helping time-strapped expats and busy business people who don’t have the local presence, or capacity, to acquire the targeted amount of properties for them. Property Venture® is an award-winning, Boutique property consultancy that finds the right investment properties for clients.
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Tags: Due Diligence, Expats, Risk & Reward, UK