Financial Mole

Don’t be tempted with plays from estate agents, or the way the house really reflects you! Focus on your target market and the task at hand; pick an investment and don’t make this a personal purchase.

It’s easy to do. You arrive with the estate agent to view a potential buy to let property. The agent can see the excitement in your eyes, and turns the charm factor up a notch. You start chatting as you enter the house, and you mention that you’re a first time buy to let investor. Already, the agent is clicking his heels, judging you to be an easy client to please.

Don’t be. Investigate every nook and cranny, and ask every question you could think of. Find yourself thinking of the living situation your targeted tenants are going to be living in, and if the property works for that kind of client. Don’t kid yourself that your property is suitable for all kinds of home seekers. Concentrate on the market you want as a tenant, and find a property that suits them.

Even if you think you have found the perfect home, shop around, you could still be surprised by the price, layout, or general feel of a home. Do the same with your buy to let lenders, to make the most of your money.