Todays article looks at the size of property you should invest in. There are lots of choices on the market, 2 bed, 5 bed, studio, 3 beds but which one do you pick?
The first question is what is your budget? Ultimately the size of property will be dictated by your budget. However, if you have your heart set on a freehold house but you have a budget for a 1 bed flat then you'll have to look at alternative means. Purchasing property at auctions can potentially get you a bigger property for your budget.
The next thing to look at is the current state of the market, there is a lot of building of apartment blocks all over the country. However, the building of houses is limited and there is a general demand from families to rent a house. So if your budget allows a freehold house would help this demand and potentially reduce the risk of void periods. Particularly if you purchase a 2 or 3 bedroom house as there is an extreme shortage of these sized properties.
For more information on investing in buy to let property then give Martin and Co Southampton City a call on 02380 988881.