Tip 1
When you begin the search to find properties for sale, you need to do your research thoroughly.
This means that if you are buying to invest then you need to find out where the up-and-coming areas in Manchester are.
One particular area will be Wythenshawe and areas where people can commute to the rapidly expanding Manchester Airport and the surrounding areas where there are business parks being established providing growing employment opportunities.
And if you are looking to buy cheap property in Manchester to live in, then these areas will offer better opportunities since the properties are likely to grow in value more quickly than in other areas.
Things to look out for include:
• Excellent infrastructure investment
• Planned infrastructure investment, such as the expanding tram system in Manchester.
• Good local facilities such as shops, restaurants, parks and schools.
Tip 2
The second tip is to budget carefully and not start ‘running before you can walk’ and this is where the expertise of reputable letting agents in Manchester can really pay dividends.
Firstly, the friendly team of Bergins can help you source quality family homes and properties for investment in Manchester and also help you find quality tenants to ensure your investment pays the expected dividends.
The team is looking after property worth more than £20 million for a range of clients and they offer a professional and unrivalled service. This could be something to consider when you are investing from another area.
That's because Manchester, as well as the North West of England, has regularly been pinpointed by property experts as being the best place for property investment in the UK.
Tip 3
If you are new to property investment, then it may be wise to seek expert advice if, for example, you want to buy a 2 bed flat to rent in Wythenshawe.
Again, the team at Bergins has local knowledge about where the best places to invest in two bedroom flats will be and they will be willing to offer help and advice to ensure your investment is a success.
There are a lot of things to consider; the ongoing costs of investment property since you need to pay for maintenance and repairs, and the prospect of having a void period when there are no tenants paying rent and your rental property is empty.
If you are not living in the area, then you'll need somebody you can rely on to engage local tradespeople to carry out repairs and have experts source tenants without leaving the property empty for long periods.
When it comes to finding properties for sale in Manchester to either invest in or buy as a family home, then it's worth your time speaking with the friendly team at Bergins to see what opportunities are available.
