Making Money from Property Quick Quide

Checklists

Checklist provided by 

www.propertychecklists.co.uk

 
Work out how long you can tie up your money for, eg 10 years, 20 years.
Research demand and supply for property now and in the future.
Work out what time you have for property investment.
  Compare what financial returns you can make.
  Seek independent financial advice.
  Plan your exit strategy.
  Understand the tax implications of your property investment.
Compare five property investment options.
Make sure you calculate the costs of the investment over the lifetime of ownership.
Try to secure the property for at least 10% below market value (ie not the market price).
Make sure you have a RICS independent survey – whatever the property’s condition.
Organise specialist insurance.
Carefully plan any renovation, eg budget and timescales.
Track your investment returns every 6-12 months.

All our information is brought to you by Kate Faulkner, author of
Which? Property books and one of the UK's top property experts.
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