When a property is purchased by someone with the intention of renting it out to tenants, it’s known as a ‘buy-to-let’ property, and provided you have a Building Surveyor in Southampton carry out a professional survey to assess it, it can be a lucrative investment.
Naturally, when buying a property that you will live in, you’ll want to purchase somewhere that meets your personal requirements, but if you plan to rent it out, you’ll need to think about all of the things that make a home attractive to potential tenants.
With this in mind, here are 11 factors to consider when purchasing a buy-to-let property:
- Location
Key points to consider are how close the property is to local amenities, such as schools, shops and supermarkets, GPs and links to public transport. If your tenants are likely to be students, then the property should be as close to their college or …