Property Health Check
Whether you're a first time property investor or looking to expand your buy to let portfolio, a shrewd approach is vital. Although you may be keen to keep your financial outgoings to a minimum in order to maximise your investment returns, it is important to understand the importance of employing certain professional services.
Instructing a survey on any potential property investment before you buy could save significant future expenditure and will help prevent you from making an uninformed purchasing decision and an unwise investment. Similarly, ensuring your current portfolio is in sound structural condition by instructing a survey will make you fully aware of any problems, allowing you to rectify them and ensure your tenants are housed safely.
Countrywide operates the largest surveying and valuation practice in the UK and can help you make sure the properties you own are safe for your tenants and represent a sound investment opportunity.
Rental property must be in good condition and safe for tenants. If you purchase an investment property without being fully aware of its condition you may uncover problems after you've bought it. If this happens you will need to rectify the issues before you let the property and this could prove extremely expensive. Uncovering any faults before you buy will put you in a strong position with the vendor and could allow for cost effective negotiations.
There are two main types of survey to choose from:
Designed for standard properties, this survey type provides information on the market value and general condition of the property, identifying any matters for concern.
This is an in-depth analysis of the property designed for those looking to buy an older or unusual property and can be tailored to your individual needs.
As a landlord you will also need to consider the new legislation surrounding energy efficiency. It is now a legal requirement to provide all potential tenants with an Energy Performance Certificate (EPC), further information can be found in our EPC section.
Remember Countrywide can also help with all of your buy to let mortgage requirements, visit our buy to let mortgage section for further information.
part of the Countrywide Group
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