Buy-to-let new homes
If you are looking to invest in property, a new home may be the ideal solution.
More people than ever are buying properties to let, either to provide them with additional income or as an alternative to pensions. And developers of new homes can offer investors a range of extra benefits.
- Investors buying early have the pick of the developments.
- Maintenance charges will usually be lower and be more predictable than for most second-hand properties
- Tenants may prefer to rent a new home. And there is much less to do in a new home in terms of getting your property into a condition that will allow you to get the possible rent for it. Fitted kitchens and bathrooms come as standard, everything is new and conforms to high standards.
- Mortgage lenders prefer to lend on homes that are covered by warranties such as Buildmark, because they know the home will have been built to high industry standards.
- With the National House Building Council’s Buildmark guarantee, and other warranties on new homes, you will be sure that your new home is built to high standards and is insured. This provides important peace of mind about your investment.
- More developers are introducing a range of incentives to reduce the initial costs and hassle of buying investment properties.
- Many new homes are built on brownfield or recycled land and are near shops, public transport and other amenities that tenants value.
If you decide to buy-to-let, treating it as a medium to long-term investment will allow you to reap the full benefits of such an investment strategy.