Property is always a good long term investment option - with a wealth of options of what you can do, have you ever wondered what type of property would be best suited to you and your portfolio?
Residential or commercial
If you are serious about property investment, then answering the question “residential or commercial” is a great first step to growing your portfolio.
Residential property investment is often done by individuals or couples with a smaller portfolio – where most people start off with purchasing a second property to let.
Commercial property, on the other hand, is often purchased by a business or investment group.
Will you be buying-to-let?
Are you looking for a long term investment that you will let? In these buy-to-let investments, your tenant pays rent which you then put towards any repayments and other costs. As you hold onto the property, you will accrue equity as the mortgage is repaid and with time the property rises in value.
Are you interested in renovating and flipping?
Flipping houses has become increasingly popular in recent years – the ability to completely transform a run-down house into something spectacular and sell it for a profit. This type of investment is a great short to medium term investment with the possibility of an excellent rate of return.
