Purchasing a buy-to-let
can be daunting, especially if it is your first time. I have many first time landlords come to see me
for advice and I find the initial questions they usually ask me are “where can
I look for a property” and “where in Exeter should I buy”.
Martin & Co and the
majority of other Exeter estate agents market their properties first on
OnTheMarket.com, so setting up a property alert on this site will ensure you
receive properties as soon as they are available.
When considering where to
buy, first ask why people may be moving in the first place; are they relocating
for work, are their children now going to school or are they upsizing for
example. Once you have considered why
people may move, you can start to think about where they will want to move to,
for example if they will be working at the hospital, Wonford would be
convenient or if their children go to school in Clyst Heath, Kings Heath may be
of interest. Using this thought process
you can close in on areas that can support the type of tenant you are looking
for.
It is also worth
considering if the property is near good transport links, is there furniture
and is it fire safe, and does it currently hold all the necessary certificates
such as a landlord gas safety certificate, electrical certificate and an HMO
licence if applicable.
If you can purchase a
property with a tenant already in situ you will benefit from receiving rent
from day one.
If you are considering
purchasing a buy-to-let property please feel free to call me on 01392 254488 to
discuss the tenanted properties we currently have for sale or visit our office
on South Street and we can discuss your personal requirements.
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