Purchasing property has been the hot financial topic and means in which to have a significant yield each year, since the mid-1990s. Many commentators have argued during the last 30 years that the property market will crash and investors in housing will consequently lose their hard earned savings. Well, this is actually happened despite the so-called experts analysis of the property market is to be an extremely strong investment opportunity. Put simply, if a person has a significant amount of money to invest, then property can still be an extremely lucrative to take. Obviously, as with all investments and opportunities to make money, caution must be taken. It’s not quite as easy as they make out on homes under the hammer, whereby you simply turn up at an auctio without viewing the property, for your bidding on the house that you see and six months later you have made a 25% yield on your investment. What needs to be demonstrated in programs such as this is the complexity of purchasing new properties and the additional fees, costs and in many circumstances emotional investment that goes with trying to make money in the housing sector.
How can you make money from property?
So how is money made in property in 2019? There are many routes you can take when looking at increasing your return on investments and you’re looking at investing this into bricks and mortar. The most obvious and most lucrative way to make money within the property sector is to invest in houses that need some tender loving care; purchase the property for £80,000, invest £20,000 in new kitchens, bathrooms etc and then relist the property £120,000. This culminates in a rapid £20,000 profit and you are unable to make this kind of return in any other financial sector. No need to know that it isn’t as simple as this when you are looking at property investments; in fact, if this was the case everybody would be running to the estate agents to invest in “doer uppers.”
What return on your investment can you make?
The key factor you need to consider when looking at investing in the property market to ultimately make a return on your investment is to know your market. Have a power team of builders, painters and decorators, plumbers, electricians etc on hand ready to be able to move on your chosen property. Always read the legal pack when looking investing in properties. No the area that you are investing in and get an idea of the house prices in properties that are in good conditions. The houses are for sale on the market, need to be research carefully and assessed how long they have been sitting waiting to be sold; has that has been on the market for too long should signal investment opportunities for nearby houses as there is a reason the house cannot sell. But he continues to be incredibly useful form of investment and can yield positive returns if the investment is made in the correct type of property. As with all investments, an investment in the wrong area, the wrong kind of property or a money pit style house will ultimately impact on any percentage yield an investor hopes to have returned.