Investing in property is still one of the best ways to make money. Whether you are buying to let, buying a new build to sell on or want to develop a property yourself, investing in property can be your ticket to financial freedom.
You should consider your investment criteria and why you are investing in property. This can help you evaluate different property types and decide what might suit your needs best.
It depends on the type of property you buy, as some sorts of homes will be more in demand in certain areas than others. The rent you can charge and how it changes will also impact.
While the property market still continues to grow, it’s a good time to invest in buy-to-let properties. With rent and house prices rising, many people still can’t afford to buy, so there’s plenty of demand for homes to rent in most areas.
Advantages of buy-to-let
Buying a house is the biggest investment most people will make, and it can be a good one too. In the last year, the average property in Scotland increased in value by 7.3%. On average, if you sell within 10 years of buying your home, you should see a profit.
One of the best ways to boost your profits as a landlord is to take advantage of a low buy-to-let mortgage rate, which means your monthly payments are lower. A lower monthly payment as a buy-to-let investor will help you increase your profit margin.
If you own a second property, you may be able to offset some of the costs against your income for tax purposes. This includes Council Tax and bills, maintenance and repairs, letting agent fees and the cost of advertising your rental property. You could also claim for replacements of domestic items, such as beds, sofas and carpets. But do check the rules before filing your tax return, as different elements are subject to different rules depending on when you bought it and how much it costs.
Buying a new build to sell on
A new build property can be an excellent investment. Buying a new build, off plan, means before it’s been completed by the builder, which could make you money if its value has gone up from the price agreed at the outset by the time it’s finished. You can then sell it to make a profit. Plus, you may be able to add value to the property by decorating it.
Property development
If you fancy yourself as a property developer, there’s no point in investing in a property that will cost a lot to refurbish or renovate and sell on. You need to know how much work needs to be done and how long it will take. Invest for Profit is a tool that helps you determine what sort of returns you can expect from various renovations so that you can choose wisely.
Property development is a great way to add further income to your portfolio, and the popularity of home-buying shows has led to a boom in property development as a means of investing.
Buying an Allanwater Home
We have some sound investment properties whether you are buying to let or buying off plan to sell on.
Invest for Profit – We have some sound investment properties, whether you are buying to let or buying off plan to sell on. We can recommend independent financial advisors who can help you plan for your investments, take the worry and stress out of owning property, and ensure that you get the best returns on your money.
Our one and two bedroom apartments in Stirling are a perfect investment in an ideal location, close to Stirling University and great rental accommodation for young professionals and students.
Check out our three bedroom homes at Haddington, a very popular market town, which would make a great investment for renting or selling.
Or check out our new homes at Chryston, close to Glasgow city centre and offering an ideal investment for rental or selling at a profit.
Visit our sites and speak with our development sales managers to find out how we can help you with your investment.
