Whether you have decided to purchase your first investment property or whether you already have a portfolio of properties, WSP Solicitors is your local firm with a team of experienced and approachable professionals who live and breathe the local and regional property market.
Here at WSP Solicitors we pride ourselves on offering a bespoke service to our clients with excellent local knowledge. Clients will work with the same Conveyancer for every transaction from start to finish ensuring a great client and conveyancer relationship.
Top 6 Factors to Consider When Selecting the Best Investment Property
- Location – things like nearby schools, shops, universities, and transport links can make a property more desirable
- Age of building – older buildings will probably require more maintenance and listed buildings may restrict you making improvements
- Fixtures and fittings – a property with a modern kitchen and bathroom will attract a higher rent. Decent water and electricity fittings will also keep maintenance costs down
- Type of building – this might influence the type of tenant you get. For example, a house with a garden is more likely to attract a family
- Energy performance – the law requires landlords to have an Energy Performance Certificate rating of at least an E. Without this, they are unable to provide tenancies
- Resale value – resale value is a big part of an investment. You want to purchase a building that not only brings you profit while owning it but also when you sell the property too
How we can help with Existing Investment Properties
WSP Solicitors can offer a wide range of legal assistance for clients existing properties, including:
Our Conveyancers will work closely with clients and their accountants to establish the best outcomes for clients and help identify any tax liabilities.
Buying a Commercial Investment?
As well as having an expert team of conveyancers in our Residential Property Law Department, WSP also offers a bespoke service if you have any commercial property investments with Amy Leviers heading up the Commercial Property Department. The team can lend their expertise on matters including:
- Sale & purchase of commercial property
- Property development
- Commercial leases
- Commercial property disputes
- Landlord & tenant matters
- Planning & environmental law
- Secured lending
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
