If you are looking to buy property in Mansfield as an investment, then these 3 handy tips will help you choose the right type of property, ensuring a good return on your investment.
On average, landlords can expect between a 7 and 12% return each year on their rental properties, and at the lister group we always aim to advise our clients down a path that results in the highest possible return for their investment year on year.
- Choose with your head – So many people end up buying with their heart when it comes to investment properties, you have to remember you are buying this to make money – not to live in! We often locate and visit properties on behalf of our landlords so that we can look at it from a business point of view, and not envisioning where the settee could go and which wall your mirror would look best on.
- Do your homework – Many properties in areas like Mansfield are near areas that are soon to be regenerated thanks to grants from the government, investing in a property in one of these areas can be affordable, and can become an amazing investment if the surrounding area is improved, therefore raising the value of all properties in the area.
- Don’t take on too much – We see a lot of people that come into an amount of money, and want to invest it into properties. They are already juggling jobs, kids, elderly parent care, hobbies, and then try and take on a rental property themselves including all the maintenance etc. This is a surefire way to burn yourself out and be unhappy. At the lister group we can source and fully manage your rental properties, leaving you free to get on with your life.
We cover the entire spectrum of property related services, domestic and commercial and have experts on hand to advise and assist you in your future property investments.