Property is renowned for its reliability when it comes to guaranteed ROI. However, ventures are never without their risks. Making money on property isn’t quite as simple as signing on the dotted line and enjoying guaranteed returns years down the line. We’re helping Brits make smart decisions when it comes to property, with our in-house guide to minimising risk.
Buy in an up and coming area
When it comes to ROI buying in an up and coming area is a virtually failsafe way of securing an increased resale price. Look closely at growth statistics regarding population, property prices, commercial developments, small business numbers and so on. Look for trends and keep in mind that while impressive figures may not have arrived, they could be on their way.
Kent is hailed as one of the UK’s most promising commuter hotspots, with fantastic public transport links to London. This has gone hand in hand with a glut of new developments in local townships, including the £75 million Elwick Place leisure complex in Ashford. Kent’s popularity is only set to grow, with the commuter craze continuing to transform small country towns into thriving urban hubs.
Look for a flourishing property market
Taking a close look at the current state of the property market is a savvy way to maximise your chances at positive ROI. Keep an eye out for steady price increases, both small and large. Ultimately, an in-depth understanding of market dynamic is the key to making a profitable purchase.
Once again, Kent blows the competition out the water with towns that are rapidly climbing the property ladder. In 2015 Rochester and Dartford were named as two of the top ten areas for property price increases, putting them on par with some of London’s most coveted boroughs.
Secure a suitable lender
Choosing the right mortgage provider is an integral part of ensuring that you receive as much return as possible. The market is flooded with choice which means opting for a broker is usually the optimal way of securing the best option for your venture.
Commission an independent property inspection
Avoid any disasters by commissioning an inspection from a private entity with no commercial interest in whether or not the property sells. They’ll look for any issues that may not be visible to the naked eye, including structural damage, pests, building materials, sewerage systems and so on.
For more expert advice on maximizing your chances at capital growth give our CDS property investment team a call to chat about your options.