How Does Property Investment Work?

“The main concern most of us have for your retirement is: when we stop earning a monthly salary, where is our regular income going to come from? Well, depending on what you buy and how you let it, property can deliver anything from a pension top-up to a monthly income that exceeds what you earned as an employee. That’s why increasing numbers of people are now using property as their primary investment vehicle.” – Nick Fox

If you’re interested in making a financial investment in property, then we have a little introduction to what’s involved.

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A Handy Guide to the New Rules on Houses of Multiple Occupation (HMO)

From the first of October, changes have come into force on how HMOs are regulated, including the definition of houses of multiple occupancy.

Now, an HMO is defined as any property which is occupied by 5 or more people which form 2 or more households. There is no reference made to the number of storeys in the building in question, as was previously the case.

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Renting Your HMO to a Student Market

According to a YouGov poll, 40% of landlords wouldn’t rent their property to students, presumably due to the fear that the stereotypical student party lifestyle would result in damage and the hassle of frequent repairs.

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Top Tips on how to Renovate Property for Profit

There are many different reasons as to why you would consider renovating your investment property, including being able to make more rental income (e.g. if you were converting it to a house of multiple occupation – HMO) or if you were planning to sell it on for profit.

So where do you begin as you start to plan the project and what issues do you need to be aware of?

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