YOUhome Blog

Our industry's most popular research indicators are all telling us that buying to let and letting to buy another property are all popular investment decisions. Bournemouth & Poole are very much reflecting this national trend at present.

Increasing demand for good quality rental property across Bournemouth & Poole will see landlords obtaining the maximum benefit from their rental investments. Whether you are looking ahead to retirement funds or you are adding to an already established portfolio, you will need to consider several key points to ensure that you achieve the maximum return from your property investment. If you are looking at property to buy across this area, follow our simple checklist:

1) Do the maths first - ask a letting agent what the rental value would be on a property BEFORE you consider buying it. Does the monthly rental income give you a substantial enough yield to ensure you are making a profit from your investment? Based on this valuation, decide whether the outgoing costs per annum are covered. (i.e. maintenance, ground rent, mortgage)

2) Understand what drives tenant demand in the area where you are looking - is it large businesses, education or holidays for example?

3) Look at it from a tenant's perspective, not a personal perspective. This is a business opportunity and spending a lot of money on expensive renovations, to your personal taste, may not prove lucrative.

4) Renovate to a good standard to ensure you get tenants quickly and minimize void periods. You do not want your property to be empty for long periods of time. 

5) Look at it as a long term investment opportunity every time you consider buy to let

You will find many estate agents flag properties that represent a good investment opportunity. YOUhome has several investment opportunities currently featured on our website, along with an indication of rental yield values. Research is always a solid first step to successful property investment. 

Key words: Bournemouth & Poole, property investment, valuation, tenant demand, investment opportunities, research