Maison Estates Ltd

Good Rental Property You can Afford

Sep 12, 2014   //   by mecadmin   //   blog  //  No Comments

Investing in a good rental property is a very big decision to ponder indeed, as the experience can be stressful, time-consuming and the market can be too competitive. So, we would like to offer you some advice that will make it as painless as possible. The decision in buying a good rental property within your means can take time, effort, focus and commitment. Please do take your time to research as much as you possibly can and write down your maximum purchase limit, maximum available deposit, location, affordability and most importantly all your concerns. Here is our handy question list:-

 

It may take 15 or possibly 25 views, trust us as there is one out there for everyone. When viewing properties, be more optimistic to properties that didn’t pass your standards. Properties with slight issues can be more affordable than those that are newly built. But be cautious though as you may end up investing more than you bargained for. Invest good time in viewing properties and make sure to take a lot of pictures. Check each nook and cranny and be diligent in checking each fixture. 

  1. What is your maximum purchase price?

    In these turbulent times, please do not exceed 3X your annual or joint salaries.

  2. What is your maximum deposit?

    Wherever possible, please save your deposit and do not borrow it as it will cause you or your partner additional pressure that you could do without, especially first time buyers. The actual mortgage is pressure, in itself. Why not make the experience adventurous, exciting and enjoyable?

  3. Where in Coventry is the ideal location?

    Set aside your weekends and free time to drive around to all the places that you yourself would like to live in. Additionally, a good rental property is ideal within close of proximity of school, shopping centres, sports facilities and nights out. This will ensure that you will have an ample choice of tenant ranging from students to grad school and professionals.

 

It may take a lot of property viewing to find the most ideal property for rental. When viewing properties, be more optimistic and open minded to properties that didn’t pass your standards. Properties with slight issues can be more affordable than those that are newly built. But be extra cautious though as you may end up investing more than you bargained for. Invest good time in viewing properties and make sure to take a lot of pictures. Check each nook and cranny and be diligent in checking each fixture.

Maison
15 Allesley Old Road CoventryCV58BU UK 
 • 01442 233 345

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