Whether you are looking for a rental property for the 1st or 100th time, there is a lot to do. With the real estate market becoming more competitive, buying a house is indeed a daunting business. One needs to be wise if they are looking for a house to put on rent as there are numerous points to focus on. Listed in the slides that follow are few of them.
5 Vital Points To Focus On While Looking For Property To Let In Bath
1. 5 Vital Points To Focus On While Looking For
Property To Let In Bath
2. Whether you are looking for a rental property
for the 1st or 100th time, there is a lot to do.
With the real estate market becoming more
competitive, buying a house is indeed a
daunting business. One needs to be wise if they
are looking for a house to put on rent as there
are numerous points to focus on. Listed in the
slides that follow are few of them.
3. Neighbourhood
• The neighbourhood quality affects the type of
tenant it will attract and how frequently you
might face vacancies.
• If the house is near a university, most of the
tenants it can draw will be students (You might
even face vacancies every summer when
students go back home!)
4. Property Tax
• Calculate the amount you have to pay as
property tax before estimating the rent of the
house you are buying to rent.
• Paying high taxes is profitable if the house can
attract long-term tenants.
• Have a clear conversation with other house
owners in your community or visit the town
assessment office.
5. Schools
• If you are willing to offer your Property to let in
Bath to a family, look for properties situated
near schools.
• Just having a school isn’t enough. You need to
check whether its quality will affect your
investment.
6. Crime
• Attracting tenants for a house located in the hub
of criminal activity is really tough.
• Instead of asking the seller, go to the local police
station and enquire about the crime statistics.
• Also, check how frequently local police visits
your neighbourhood.
7. Job Market
• Tenants get easily attracted towards houses
located in areas blooming with employment
opportunities.
• If a big company is planning to shift in your area,
you can stay assured that workers (tenants) will
follow too.
8. Be Wise While Gathering Information
You can no doubt have a face-to-face chat with
the seller, but the best is to talk with other
renters in the neighbourhood. They can provide
you with sufficient information even about the
negative features of the area so that you can
make your investment decision accordingly. For
more information visit https://goo.gl/BEkyR1.
