22 December 2008
Property Checks
Full Article:
Renting
Residential or Commercial
Properties?
When you buy a property with the
intention of letting, whether it's a residential or
commercial property, you need to do some thorough checks
before you sign on the dotted line:
- Is there a market for the
property in the area for the type of property you
have in mind - when you put it on the market will it
let, will there be sufficient demand for the property to
give you a reasonable return on the rental income?
- Is the property in good and
sound condition - free from structural and other
defects such as wet or dry rot, insect infestations,
subsidence and landslip etc?
- Area there any environmental
factors that detract from the investment in the
property and present you with additional risks for the
future?
- Are there any future
developments planned for the area which may affect
your market long-term - motorways, airports, shopping
centres etc?
Please enter the postcode of the property you wish to research.
© LandlordZONE® 1999-2010 All Rights Reserved - never rely totally on our standard answers and general content which relates primarily to England & Wales. Before taking action or not, always do your own research and seek appropriate professional advice with the full facts of the case and all documents to hand. LandlordZONE.co.uk®
Related Topics
