Monday, 19 May 2014

Derbyshire buy to let rule three

Rule # 3 - Keep Your Figures Realistic

People need a lot of money to afford a deposit at the moment, so many are renting instead. This means there’s good demand for rental property, and we lettings agents can rent most things, often for a premium. 
However at some point this will change. As such don’t assume that just because you can currently rent a tatty property, that will always be the case, and don’t assume because some estate agent is promising to get you £x in rental, that it will rent at that price for ever. 
Do your figures on a worst case scenario and you should end up with your expectations being exceeded, not unrealised.

No comments:

Post a comment