When the time comes for you to move on from your current home, there are several options available.
Some choose to rent, whilst others opt to buy or invest – dependent on personal circumstances, finding the best option is the first major step that you must take.
A very attractive strategy which has become increasingly popular in recent years is to become a landlord and rent out a flat or house to tenants.
But how does one go about this? In addition to the increase in revenue, what are the benefits of buying or investing in a flat? And which is the best route for you?
Although becoming a landlord may seem like a confusing or daunting concept, now more than ever, and increasing number of individuals are turning to this lucrative scheme. Take a look at our handy guide below – it may be simpler than you think.
Investing – What’s It All About?
Investing is a term which is often heard yet not properly understood by many.
In its simplest form, investing is when the individual places finance into various schemes, such as property or shares.
The motivation behind this is to generate profit from your initial investment which, if done correctly, can earn the individual a hefty amount of extra revenue.
In terms of property, this can be achieved by purchasing a flat or house and renting it out.
There are several benefits to purchasing a flat or house and subsequently becoming a landlord.
First and foremost, the owner of the property can benefit from an income each month, with next to no input or concerns to worry about.
At Fisher Wrathall, we offer a complete service supporting you at every stage, from helping you to buy, finding you the perfect tenant, and also providing block management, so that the entire process is as easy for you as can be.
With Fisher Wrathall, our wealth of experience and fantastic reputation gives you peace of mind with such an important financial decision.
Bevan House and Nightingale House
The building, which is made up of 24 spacious apartments, is central to Lancaster yet boasts a close proximity to the countryside too, meaning that your tenant can benefit from the vibrant city centre whilst also appreciating the natural beauty of the surrounding landscapes.
If this wasn’t enough, the building is impeccably linked to all major transport routes and close to all desirable amenities, making the property very attractive to potential tenants and certifying the investment as a confident one.
Like what you see? Contact one of our expert and friendly team members today to discuss your options – you won’t be disappointed.