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There are 4 things to consider when looking for the next area to invest in.

  • itsimplecap
  • Nov 27, 2019
  • 1 min read

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Strategy - The strategy you set will determine where you invest. For example, if you want to do single lets for the rental income they generate then you want to be investing mid to north of the country where house values are relatively lower and yields higher. On the other hand, if you want to do flips then you want to be investing in areas where first time buyers want to live in, and house values might not necessarily be low.


Where are you based - Before you start looking for other areas consider the area you currently live in. It’s much easier and more efficient to invest in your local area. This is because you already know which are the good and bad streets and you can more effectively build your power team.


Drive for dollars - And trust your gut feeling! The best way to get an understanding of the area you want to invest in so to actually go and see it in person. You can tell a lot by walking and driving around your investment area, and you will get a better understanding than by just looking at photos on rightmove. Having said that, always look at the numbers too.


Research local plans – this is very powerful. Most local authorities have a regeneration plan for the local area, it is incredibly useful to look at these to get an insight into the future potential of your investment area.

 
 
 

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