Investing in Property: A Guide for Beginners

Welcome to the rollercoaster ride of property investment! If you’re just lacing up your boots to climb the property ladder and wondering, “How to start investing in property?” consider this your trusty guidebook. As seasoned property surveyors, we’ve had front-row seats to the thrilling highs and nerve-wracking lows of property investment. We know that taking the first step can feel like standing at the edge of a bungee jump platform. That’s why we’ve brewed up this guide to help you master the basics and leap into action. You can shower us with thank-you notes later!

In this article, we’ll cover:

  • Understanding Property Investment
  • Research is Key
  • Financial Planning
  • Choosing the Right Property
  • Making the Purchase
  • The Role of Property Surveys

Understanding Property Investment

Property investment can feel like trying to solve a Rubik’s cube blindfolded. But let’s simplify it. Think of it like growing a money tree. You start with a seed (your initial investment), water and care for it (manage your property), and over time, it sprouts money leaves (returns on your investment). In property investment, your ‘seed’ is the capital you invest in buying a property. The ‘watering and caring’ is managing the property effectively, and the ‘money leaves’ are the rental income or the profit from selling the property.

Research is Key

Just as a gardener needs to understand the soil and climate to grow a prize-winning rose, a property investor needs to understand the property market. Digging into market trends, property prices, and rental yields in different areas can help you spot the golden opportunities. It’s also crucial to understand the different types of property investments – residential, commercial, and industrial – and decide which one suits your goals and risk appetite.

Financial Planning

Before you plant your money tree, you need to ensure you have enough water and fertiliser to nurture it.

Before diving headfirst into property investment, it’s crucial to have a solid financial plan in place. Assess your financial situation and determine how much capital you can comfortably allocate to investments. Consider speaking with a mortgage advisor to understand your borrowing capacity and explore various financing options. Furthermore, account for ongoing costs such as property maintenance, insurance, and taxes when evaluating the profitability of an investment.

Choosing the Right Property

Choosing the right property is like picking the perfect spot to plant your tree. You want a location where your investment can grow and flourish. Factors to consider include the property’s location, its condition, its potential for rental income or capital growth, and how well it fits with your overall investment strategy.

Making the Purchase

Once you’ve found the perfect patch of land for your money tree, it’s time to make the purchase. This involves making an offer, haggling over the price, and closing the deal. It’s important to have a solicitor or conveyancer to help you navigate the legal jungle of the purchase.

The Role of Property Surveys

A property survey is like a health check for your tree. It helps you uncover any potential issues that could affect your investment. As experienced property surveyors, we can’t stress enough the importance of a property survey in the investment process. It can help you dodge costly surprises down the line and ensure that your investment is as sound as a pound.

Final thoughts…

Starting your property investment journey might seem daunting, but with the right knowledge and preparation, it can be a rewarding experience. Remember, every successful property investor started with their first property. So why not take that first step today? And when you do, remember that a property survey is a valuable tool to protect your investment. Happy investing!

How to Start Investing in Property

Article by Blaker Collins

TrustPilot Review

Blaker Collins

Customer Reviews

AnnieC 08/02/22

Very professional but also very calm and kind advice. My house purchase was not subject to a mortgage so this was a first for me to source my own House Survey. Sophie was very approachable and explained things clearly and in a Jargon free way without being condescending. She kept me updated throughout. I recommend this company for home surveys.

Alice 10/02/22

I was in contact with both Sophie and Gavin - I found them both to be extremely helpful and efficient. I wouldn’t hesitate to use Blaker Collins again and would recommend them to anyone looking for a homebuyers survey! Thank you both!

HG 13/02/22

Very professional, thorough and detailed report. No stone left unturned and Sophie was able to give us a verbal summary over the phone immediately to address main points. Very happy!

Hannah James 17/02/22

Sophie has been very quick at getting back to me and super helpful and clear in terms of the findings of the survey. Would highly recommend using Blaker Collins.

Harry 04/03/22

Great communication and speedy turnaround on the report!

Rory Golding 22/03/22

Very friendly, helpful and professional company and very good customer service ! We recommend highly