Top Strategies to Find Biggest Property Bargains

Property investment in the UK comes with various benefits. A lot of us know that an increase in the value, along with the rental income makes the property an ideal investment. What a lot of us don’t know is that numerous investment properties in the UK are available at heavily discounted rates. Getting a hold of biggest bargains amplifies your profit.

Many homeowners struggle to get the asking prices. As time passes, they reduce the price in a bid to sell faster. Let’s have a look at sourcing strategies that come with the biggest bargains.

 

1. Repossessions: Buy a property at Below Market Value (BMV) when the sales are enforced by lenders to recover their money.
2. Cash Deals: Many properties come at heavily discounted rates if you purchase them for cash.
3. Buy, Refurbish, Sell: The homes that require refurbishment are often available at Below Market Value (BMV). Buy such a property, improve its condition, and sell again at a higher price.
4. Auction Listings: Numerous properties listen on auctions are sold at lesser prices than the market value.
5. Short Lease: Purchase the properties whose lease is going to expire in a few years. Increase the value by extending its lease.

Other effective strategies include New Builds, Licensed HMOs, and properties that are back on the market for sale.

 

Use Deal Finder tool by Property Deals Insight to find investment properties at a fraction of prices. Read more about this advanced tool from here: https://www.propertydealsinsight.com/deal-finder/.

Buy-to-Let Property Investments: Things You Must Know

Generating a regular income through buy-to-let properties has remained popular for the last few decades. If you are interested to earn through buy-to-let property investments, you must be aware of all significant aspects.

In this post, you will learn key aspects to be considered when making buy-to-let property investments.

Income streams

There are two income streams associated with buy-to-let properties.

1)     Rental yield

It is the return that an investor receives on a property by renting it. The calculation is done after deducting maintenance charges and other expenses. To calculate it, deducting the annual expenses from the annual rental income divided by the amount invested in the property multiply by 100.

2)     Capital growth

The increase in the value of the property when you plan to sell it is referred as capital growth. The factors responsible for increasing the value of a property include:

●       Rising demand for the residential properties

●       Development of the area in which it is located

●       Growth of the population

●       Increase in the cost of construction due to inflation

Cost of Buying

Apart from the cost of property, there are some additional fees you need to pay when buying a property. This can include survey fees, stamp duty land tax, solicitor’s fees. You also need to pay the commission to the real estate agent.

Insurance to secure your investment

1)     Landlord insurance - 

Protect your investment with a good policy, although this isn’t   legally required.

2)     Building insurance -

You need Buildings Insurance in case you opt for a buy-to-let   mortgage. 

Future of buy-to-let properties

According to the Office for National Statistics, the population of the UK is expected to reach 71 million by 2031. The demand for accommodations will also rise due to this population increase. The buy-to-let properties will meet the demands of property in the upcoming years.

Targeting older renters

As per the English Housing Survey 2018-19, there is a rise in the number of individuals in the age group 55-64 years who rent private accommodations. From 2008-09 to 2018-19, a three per cent rise has been observed. This is why an investor should focus on this age group too, along with renters in the age group 25-35 years.

Importance of property valuation

Before buying a buy-to-let property, you must consider getting an online property valuation report. Doing so gets you the information about accurate valuation of the property, along with information on rental yield, annual costs, and annual cash flow. Investment decisions get easier with an online valuation tool.

Finding discounted properties

With an online tool like Deal Finder by Property Deals Insight, you can find hotspots of buy-to-let properties with some amazing deals. Strategies like repossessed property, short-lease, and others can enable you investing at fraction of the usual price.

Get more details from here: https://www.propertydealsinsight.com/deal-finder/

Top Features of A Rental Property

Finding an investment property in the UK can be daunting for the first-time investors. But if done right, it can reward you with regular income.

There are certain features you must check when looking for a rental property. The essential ones include:

Type of neighborhood

The types of renters that show interest in your property depends on the neighborhood. For example, a property near a university attracts more students. The professionals usually prefer homes near business parks and corporate hubs.

Transportation

The tenants prefer a house in an area that’s well-connected. The properties in the inner areas of a city must have bus stops nearby. Before investing in a property, check modes of transport.

Amenities

The amenities like schools, hospitals, parks, restaurants, and health centers also attract renters. Many investors tour the neighborhood to gain this information. Others take the support of online resources and estate agents. You must also check the same to ensure you are buying a “hot property.”

Average Rent

It goes without saying that you need to identify the average rent of the location where your property is situated. A reliable online valuation tool helps you in determining the average rent.

Pet-friendliness

For many renters, pet-friendliness is one of the essential factors when searching for a home. When listing your property for rental purposes, don’t forget to mention this feature.

As discussed above, you can identify the average rent of an area through a robust online tool. The automated valuation tool by Property Deals Insight offers insights on the rental yield of a property, along with details like valuation confidence, annual cash flow, and similar properties. Find more information here: https://www.propertydealsinsight.com/property-insights/

Choose Online Tools to Cut Short your Property Investment Life Cycle

Buying an investment property involves a lot of stages:

• Searching for a house in the right area
• Valuation of shortlisted homes
• Due diligence of shortlisted homes
• Negotiation with the homeowners
• Exchange of contracts
• Completion of sale

It takes months or even years to find a property that precisely matches your needs. As an investor, it is not feasible to spend so much time just searching and analyzing properties. After all, time is one of the valuable assets of the investment business. Experienced investors share the stories of how they missed some great deal in their initial days just because of time issues.

A set of reliable online tools like the ones offered by Property Deals Insight cut short the duration of most of these steps.

Such portals let you discover multiple investment properties that suit your budget and other expectations. You can also perform an online property valuation to derive instant reports. 

In the comfort of your home, you can get a list of suitable properties situated at the other end of the UK. And these aren’t just random homes on sale; instead, they deal with affordable prices and the potential of reaping a better yield over a long period. 

Run an instant analysis to get a detailed report on the homes you like. You can also obtain an instant valuation of the shortlisted homes. While doing so, compare the similar properties to choose the one that looks most promising. 

Now comes the most crucial step: calculating the time it will take to get your entire money back. Don’t worry! With robust online tools, it can be done in almost negligible time.

The entire process will not take more than a few minutes. While your competitors might be stuck in the initial stages, you can make an offer to the home seller. That’s what a smart investors do in the current era. 

Learn more about online property valuation by Property Deals Insight from here: https://www.propertydealsinsight.com/.

Art of Negotiation can Make you a Better Property Investor

With exceptional negotiation skills, it is possible to save lives during the toughest situations in life. By mastering this skill, you can get more than expected in almost every walk of life. And this is true even in the world of property investments in the UK.

As an investor, you can get maximum value in every deal by sharpening your negotiation tactics. Don’t worry; this isn’t rocket science. A majority of seasoned investors have acquired these skills over time.

We have discussed some useful negotiation skills to help you create favourable situations.

Don’t use the word ‘No’

When your counterpart makes an offer that you don’t like, don’t say no directly. Instead, use a calibrated question like “How can I accept your offer?” Such questions give them an illusion of control. They will start thinking about solving your problem, which is usually done by making a better offer.

Use non-round numbers

Various employees use this tactic to get a salary they desire in a new company. Using a non-round number such as 101,500 can prove to be advantageous. The other parties assume that you have reached this calculation after doing a lot of research and calculations. As a result, they will take it more seriously.

Put forward non-monetary terms

This strategy is applicable when your counterpart is not ready to decrease the price. For example, you can ask them to make improvements on the property. Home inspections are beneficial for this strategy.

Go with a property valuation report

When you present data from your property valuation report, it gets difficult for the homeowner or agent to counter your statement. After all, data doesn’t lie. Just make sure you get this valuation from a reliable source.

Property Deals Insights is a reliable portal that offers online property valuation service. Find more details from here:  https://www.propertydealsinsight.com/.

Top Advantages of Hiring a Property Valuation Service

If you have ventured into property investments, you can’t ignore the importance of valuation. The professional valuation services offer comprehensive reports with information and details about a property.

The benefits of getting a property valued are plenty. We have discussed the essential ones below:

Identify Potential Issues

Buying a property with potential structural defects isn’t a good investment idea. Surveyor’s / Structural report often includes the details of such issues. You also learn about planning restrictions, issues with vehicle access, and traffic congestion.

Use it in negotiation

When you derive a property’s current worth, it gives you an upper hand over the sellers. If you feel that the homeowner is making a highball offer during negotiation, you can counter with a realistic price. You will not even require a negotiation specialist if you already possess abundant information about the property.

Ask a fair rent

As a homeowner, you can ask for an economically competitive rent when searching for tenants. You can also utilize this service to update your rent in the future.

To secure business loans

Various lenders use a property valuation report when offering a business loan. The reports give lenders a ballpark of the present market value of the place, which enables them to lend the money accordingly.

Get a reasonable price when selling a home

Getting an estimation of your property’s current worth makes it easier to market your home. You can put a price tag on your home accordingly when listing it online or hiring a professional for this purpose. Negotiation with the buyer becomes easier, a concept we have discussed above.

Automated property valuation

Property Deals Insight offers instant property valuation and comparisons through millions of data points. As a part of the report, you receive property valuation, rental valuation, yield, and valuation confidence. Get more details from here: https://www.propertydealsinsight.com/.