Buying an investment home has been a dream come true for me. Make no mistake – it has been hard work and at times I have wondered if it has been worth the effort and financial outlay but, all things considered, I would recommend buying to let to any other ambitious person with money to invest.
It is important that you choose wisely; do your homework and find a sound property in the right location. Be prepared to put in some hard work preparing your property for letting and keeping up with the daily running of your investment. By taking your time and considering your options carefully, buying to let should provide you with an exciting opportunity and a viable financial asset.
This book can only be read as a guide because, of course, everyone’s circumstances and financial position will be unique to them. Updates are made frequently with regard to tax and other financial aspects of owning and letting a property, and you should keep this in mind if you are intending to venture into the letting business.
Remember, you are in control of your letting business. Only you can decide if buying a property to let as a holiday home is a viable option for your own personal circumstances. There is no room for complacency in the property
market and it is paramount that you seek professional advice relevant to your own personal circumstances.
Always remember, although property is often seen as a sound investment prices can – and sometimes do – go down as well as up!
Allison Lee