5 Tips to Make You a Better Property Investor

Mary Youlden
Authored by Mary Youlden
Posted: Thursday, November 11, 2021 - 14:51

Property investment can be a lucrative field if you possess the finances, passion, and know-how. However, to develop an extensive portfolio, you will need to buy the right properties at the right time and find reliable tenants or buyers to grow and protect your finances.

It doesn’t matter if you are a first-time investor or a seasoned expert; there are always ways to increase your return on your investment. Read these five tips that will make you a better property investor.

  1. Purchase Properties in Up-and-Coming Areas

A boost in popularity can increase property values in an area. Identifying the hotspots in advance could increase your ROI and help you attract many high-calibre tenants. Predicting hotspots is never easy, but there are tactics to increase your chances of success. For example, look for areas surrounding improved transport links or local infrastructure, as it can lead to extra investment and a rise in property prices.

  1. Factor in Your Time and Energy

Most successful property investors will consider various factors when buying property. In addition to monitoring the market, reviewing prices, and estimating the potential resale or rental value, they will factor in their time and energy.

As you will need to find, buy, market, and rent or flip a property, you will need to inject a great deal of hard work and effort to secure the building and generate a big return. For this reason, you must weigh up the time and energy it will demand against your potential return on investment. Remember, you could receive your money back in the long term, but you can’t claim back lost time and effort.

  1. Complete a Property Investment Education Programme

Both beginners and experienced investors can benefit from one of the many property investment education programmes available. You can complete quality courses, webinars, workshops, or self-study platforms, which will help you make safe investment decisions.

When you are not busy learning from successful property investment experts, you can embrace various networking opportunities to mix with like-minded professionals. For example, learn more about a 4-step property education programme at assetacademy.co.uk, which can increase your investment confidence and income.

  1. Spread the Risk

A diverse property portfolio is a smart financial decision for most investors. It allows them to spread the risk into different types of properties, which may protect their capital.

If you want to develop a healthy property portfolio, invest in a mix of:

  • Houses
  • Flats
  • Student properties
  • Houses in Multiple Occupations (HMOs)
  • Commercial buildings
  1. Maximise Property Space

Once you have purchased a property, you must aim to maximise its rental or resale value, which means maximising the space. For example, if you want to attract families to rent or buy the property, consider adding an en-suite into the master bedroom or renovating the kitchen on a budget. Also, you could add thousands of pounds to the property’s value by building an extension to create a larger living area or adding an extra bedroom.