Checklists
Checklist provided by Useful articles: |
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Set clear objectives for your property investment. | |
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Work out how long you can tie up your money for, eg 10 years, 20 years. | |
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Research demand and supply for property to rent now and in the future. | |
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Sign up to any local authority landlord accreditation scheme. | |
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Make sure yields are 7%+. | |
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Decide on a exit strategy via a financial and property tax specialist. | |
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Find five potential properties to buy and let. | |
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Compare the financial returns for each property. | |
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Check out what buy to let mortgage deals are right for you. | |
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Make an offer (try to secure 10% below market value). | |
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Organise a buy to let survey. | |
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Understand what is required to legally let the property. | |
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Organise specialist buy to let insurance. | |
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Ensure you have an EPC available for viewings. | |
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Appoint a NALS letting agent/start advertising the property. | |
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Do a credit check on potential tenants. | |
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Get an inventory done on the property. | |
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Secure the deposit in a tenancy deposit scheme. | |
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Sign contracts. | |
