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