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If you’re investing in property in the UK and developing a property portfolio, it’s likely you’ll have a strategy in mind. Whether you’re as financially savvy as a Lannister in Game of Thrones, or as focused as a candidate in the Democratic Party in the lead-up to the 2016 elections – chances are you’ve got an established way of identifying suitable properties and securing a great price.

Whilst it’s great to have a strategy in place, it’s important to remember that flexibility can be beneficial. The UK property market is always changing, and an adaptable approach can offer distinct advantages. Here’s a few strategy tips to help you.

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  • Be an Amazon, not a Netflix. When developing a property portfolio, look to Amazon Inc. for inspiration… rather than Netflix. Although Netflix are successful, lack of diversification has put a ceiling on their potential. By continually seeking new opportunities in new locations, retail giants Amazon have emerged as clear winners!

You may have a certain type of property in mind when you’re hunting for buy-to-let property for sale. However – it pays to explore other avenues. For example, branching out into HMO property may boost your rental yield. Developing properties may offer better capital growth. Be open-minded and keep your eyes open for new property investment opportunities.

 

  • Be a researcher, not a blind follower. Whilst it’s good to seek advice from others about investment properties for sale, you should always adopt an active approach and research the market as thoroughly as possible. Download house auction catalogues. Attend property investment seminars. Contact property investment agents and ask for their advice. Above all else – never rest on your laurels!

 

  • Be a forecaster, not a live-in-the moment investor. Good strategies always focus on the future – and not just the immediate future. Identify key areas that are due to undergo regeneration in the UK – they may be the property hotspots of the future. Examine what’s happening to house prices in certain locations, and use this information to make predictions for 5 years down the line. Don’t just focus on areas that are performing well now – always keep an eye on the bigger picture.

 

  • Be an open book, not a Panama Papers. With any form of investment, it’s important to be honest with yourself. What can you realistically afford to invest at this current moment? Based on your projected returns, what do you anticipate being able to afford three, five or 10 years down the line? Don’t conceal what you can afford from property investment specialists – remember, they’re there to help you find the best buy-to-let properties for sale, with the best returns.

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Need help creating a winning property strategy? The Buy2Let Shop can help. Our team of professional property investment agents are qualified to help you find property investment opportunities not currently on the market, and we also offer help with buying a house at auction. If you want to boost your knowledge of buying property, we also host regular property seminars in London.

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