Once you have made the decision to invest in a buy to let property, what’s next?
You now need to identify the type of property you want – what is best for you and what is best for the type of tenant you want?
Think practically when choosing the property - if you are aiming to rent to a single person, a one bedroom flat with no garden may be better than a three bedroom house.
Select a property that can easily be resold if you no longer want the property.
Think about the age of the property - an older property may need work carried out before you can let it out.
Also think about the location of the property – the needs of a tenant who is a student are different to corporate tenants or families.