Looking for an investment opportunity – Ever consider buying a property to rent?

With the current financial crisis worsening as time passes by, home owners have opted to rent property instead of buying. With fluctuating interest rates and the cost of living increasing drastically, it is seen as a wise option. With the present rental market classes as being "buoyant" if you are in an affordable position to invest, it is the perfect time to put a house up for rent in London.

All major property management firms have published record figures stating an increase trend in rental properties, showing that there is a wider rental market available at the current time. This shows that putting up a furnished or unfurnished house for rent in London is much easier. There are various factors you should consider when choosing to invest in a property. Each factor plays a key role in the rental price that you can charge and also the time turn around it would take to rent that particular house. It is important to choose the best area to rent out a house in London as some areas such as Kings Cross and Kingston Upton Thames are known to have higher popularity amongst the tenant market. When deciding in which property to invest, we recommend speaking to a variety of letting and estate agents, such as Black Katz. They will be able to give you a more professional and up to date "reading" of where the best area to put a house for rent in London is. Some important considerations that you should look out for, before deciding on the house you wish to invest, would include, close by transportation links, close proximity to major universities/businesses and shopping centres.

Once you have spoke to a number of letting/estate agents, your next step would be viewing the properties in person. This will give you a good idea of the type of property you are after, whether or not a furnished or unfurnished property would be more ideal and also to see if it fits within your desired budget. We do recommend consulting a financial advisor in relation to the payment/mortgage of the house you plan to invest in.

Another key aspect to remember before choosing to put a house for rent in London, is are you going to be managing the property your self or will you hire a respected estate agent to do so for you? Please see our article, Using a Lettings Agency.