If you are even considering Buy-To-Let (BTL) property investment, then congratulations are in order! Well done for making it into this new and exciting area and being a small percentage of people in the world able to be in such a position. BTL is a growing way of investing into your retirement, all the while, ensuring an increasing income and appreciation in value of your investment property.
More and more people are trying their hand at property rental because of the attractive nature of the industry. All things being equal, you are afforded an annual income which in time will exceed your monthly mortgage repayments and start producing an income stream where you’re netting the income. The climate is definitely ripe for anyone who has disposable income to take advantage of the benefits the property market can provide.
It still maybe a little confusing why exactly you would want a buy-to-let property.
If you are individual who prefers the tangible nature of property, and enjoy a vehicle which will, more than likely, appreciate over time, then, property investment is a safer option, and reserved for those who have the financial flexibility to handle the initial top up usually needed to cover the mortgage payments offset by the income.
While it is true that property prices can indeed fall, trends indicate that over a longer period of time prices will appreciate. Property being a great store of value can be sold for a profit or can be held to generate income and investors can enjoy preferential loan rates from the bank usually based on the expected rentals.
To ease the whole process of managing your property most realtors and letting agencies provide management services for a fee, which facilitate the more laborious tasks that come with Buy-To-Let, like tenant evaluation and income collection.
They will keep you in the loop every step of the way bringing any issues to your attention as soon as they arise. Many great relationships have been formed with letting agents, who are very interested in taking admin side of things out of your way.