When it comes to investing your money, one of the most reliable investments you can make is in a nice home or two. The hard part is turning that brick and mortar investment into some reliable rental income. There are a number of factors involved that determine if the property will be a good sound rental income investment or not.
What that means is that you need to get the best advice possible before you start sinking money into the wrong area or paying too much for a home. To find the best property investment areas just continue to read our article.
It is filled with some of that top advice as well as the best places to invest in property 2022.
Just like any real estate market, there are some good areas to invest in and some not so good areas. Sometimes it takes some sound advice to see the difference and make the right purchase.
Here are some pieces of advice to guide your best property investment efforts:
A professional estate agent will be glad to fill you in on where you should or should not invest. On top of their help, do your own research. You may find some very impactful news that the estate agent may not know about.
That news may change your direction and location a little bit.
While a home may be selling at a bargain, there may be some hidden issues that turn that bargain into a money pit. You have to watch out for structural issues and other hidden expensive problems.
Also, you need to look for sections of the house that may add value with a little renovation effort.
While fixer-uppers are the rage, they do not generate any income right away. It may be months down the road before you see any return on your investment. Try to find those homes that are ready to move into or almost ready to move into.
Or if you want a project, buy one that is close to your primary residence. You will want an easy drive to view the progress and keep an eye on your workers.
There are two good options you need to choose between You can choose the buy to let option which is in the middle of a strong market currently. Or you can choose the buy-to-sell investment option.
Either way is a good option but you should choose one or the other for better investment strategies.
Not all will finance a home with enough of a mortgage to cover renovation costs. That means you need to find a specialist bank to help you get a bridge loan to cover those expenses than can be transferred to a regular buy-to-let mortgage and so on.
When you are looking to invest, you need to pick those areas where people want to live. One way to get a list of those areas is to talk to the local estate agencies and see what the demand is, how the trend is moving, and other important details.
But for now, these are the best areas for you to invest in currently.
Nottingham- is currently helping investors earn up to 11% on their investment. The best zip codes to invest in are NG7 & NG1.
Manchester & Leeds- these are top student towns and investors can earn up to 20% on their investment if they are careful.
Liverpool- is considered one of the safest places to invest in homes. This city is one of the most affordable cities in the UK to live in.
Sheffield- its property values have risen by 8% over the previous years making it a home hotspot that may be worth investing in. This city has great universities and transportation hubs.
Belfast- this city is making a comeback after a devastating crash. Over the past year, house prices have risen by just over 7%.
Derby- another very affordable city to live in. Its house prices have risen almost 11% over the past years. It is home to the highest wage earners as well.
Newcastle- its growth rate so far is a small 5.2% but it is getting better. It is the 8th largest city in the UK while being next to Liverpool as one of the most affordable places to live.
Edinburgh- its constant price growth makes this an excellent investment opportunity. There is fewer tenant overturns in this city meaning that you should have some long-term rental income.
Right now the following cities are not the best place to sink your money when you are thinking of doing some real estate investment. It should be noted that not all the zip codes in these cities are bad and need to be avoided.
You may find some gems in other parts of these cities that may bring you a good return on your investment:
Guildford- GU10
Hemel Hampstead- HP9
Ilford- IG4
Watford- WD7
Chelmsford- CM4
Birmingham- B93
St. Albans- AL4
Kingston- KT13
You never know when things change in real estate and some of the worst places to invest can turn into an up and comer or a city to watch.
Finding the best places to invest in property in 2022 may take some doing. To get the right guidance, simply call our estate office. Our company has over 10 years of buying and selling homes and we know the right areas for you to invest in
All it takes is one phone call to our office to make an appointment with one of our professional estate agents. They will be glad to offer any help they can so your investment is profitable.
Call us today before those great investment opportunities are sold.
A step by step guide to acquiring your property in London. Speak to one of our London experts if you need more information.
Learn MoreA step by step guide to selling your property in London. Speak to one of our London experts if you need more information.
Learn MoreHere are our area guides that will allow you to choose the most suitable area for your tastes. Speak to one of our London experts if you need more information.
Learn MoreHere are our development guides that will allow you to choose the most suitable development for your tastes. Speak to one of our London experts if you need more information.
Learn MoreBy clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site analytics and advertising efforts.