Reynolds said that a regular question that crops up is how best to maximise a property investment, whether it be a primary residence or an investment unit.
“On the whole, the idea is to create space and light in your home, by opening up wherever possible to maximise flow,” said Reynolds. Outdoor open spaces such as a patio or level garden area, even if modestly proportioned, make a property more appealing. From a finishing perspective, said Reynolds, bathrooms, kitchens and built-in-cupboards can certainly add value to your property.
“From a broader perspective, if you’re looking to invest in property generally, then you will need to consider both your potential returns as well as the potential capital growth on your asset. Your strategy may be to buy, renovate and flip, or it may be simply to buy and hold either to live in or rent out for additional income and as an investment property.”
“Sometimes one-bedroom units actually generate higher yields, so I would prefer to have two one-bedroom units than one two-bedroom unit.” Getting the best deal on your bond is a crucial part of maximising the return on a buy-to-let investment, and you’ll need a home loan specifically designed for buy-to-let, said Pam Golding.