Over the last few years we have
seen a substantial increase in the number of second, third and fourth houses people are buying just to rent out. These are properties which are rented out through us to provide a
source of income in the short term and capital growth in the long term. Many are bought to as an alternative to a pension.
The investment potential has gained in importance so much that the buying of a property
is a good alternative to pensions and other savings vehicles. We beleive that this trend is set to
continue. This has been helped by the change in law when the Housing Act 1988 came into
force making it easier for landlords to regain control of their properties and setting out
the details for a much simpler and easier to understand Tenancy Agreement.
Over the last number of years interest rates have been very low enabling a good return on your investment. There has always
be a need for affordable housing in East and West Sussex due to its close proximity to
London , Gatwick and the Coast.
Stanley
and Partners are able to help with:
1. (a) Advise you on the type of property to buy according to your available
finances and based upon our considerable experience of what lets well. We can recommend Estate Agents and
Solicitors who can assist you on the purchase of the property.
(b) The amount of rent you are likely to achieve for that property
(c) We can tell you of all the local amenities which will attract certain types of
tenants.
(d) We can advise you of the appropriate (if any) improvements which may be
required within the property to make it suitable for renting out, e.g. Whether to leave it
furnished or unfurnished, consider the state of decoration and carpets it is in when you
buy it, how to achieve the maximum rent from rearranging the use of the rooms/ furniture
within the property.
(e) We will advise you of your legal responsibilities when carrying out repairs,
the safety of Gas and Electrical appliances, and that any furniture you leave in the
property meets fire safety regulations.
2 . Advise you of the amount of income, expenses and tax you are likely to have to
pay out of any income received from the renting of the property.
3. We can find suitable tenants for you, obtain full references on them.
