Important Investment Factors
POTENTIAL RETURN ON INVESTMENT (R.O.I)
It’s understandable that investing in property is measured by gains and yields. However, it is a common occurrence for these to sometimes be exaggerated and unachievable. We pride ourselves on our honest approach to inform you of all costs involved before going ahead with any investment. We can illustrate all the purchase and managements costs and ensure that you head into any purchase with all the relevant information to hand.
COSTS OF MAINTAINING A BUY-TO-LET
It is an ideal scenario when investing in property to sit back and watch the income roll in. However, with any property investment there are responsibilities for the landlord to maintain the property to ensure it is habitable for any prospective tenant. Some of these responsibilities are obligations by law and some are sporadic and considered to just be good practise.
Many maintenance issues we experience are minor faults, such as a small leak or a drop in boiler pressure. These can be simple fixes that our in-house maintenance team can deal with. There are of course, larger issues that may affect the return on your investment, these are issues such as a new boiler replacement, a damp proof course or replacement roof. Therefore, it is important to carry out a survey before any purchase to determine larger issues in the future.
Please note, Seven Keys cannot control maintenance issues that arise during your investment whether they are required by law or are unpredictable such as a leaking bath or boiler fault. However, we can assist you in the management of preventative maintenance and carry out annual services, such as boiler services to reduce the risk of further issues.
Why Invest with Seven Keys
COST OF PROPERTY vs POTENTIAL YIELD
Please click on the below property purchase values to see a realistic percentage return on investment (ROI).
GET IN TOUCH
Ask our friendly team about Property Sourcing, Lettings or Management for helpful and experienced advice. Call us on 0191 497 1797, or simply send us a message and let’s get things moving…