Good investment ideas | Infographic
Are you looking for good investment ideas to make your money work harder for you, but don’t know where to begin?
Here is a round-up from Experience Invest of some good investment ideas to provide a passive income and important factors to consider before you invest.
Invest for an income
Property prices may go up and down but investing in buy-to-let property in a good location has the ability to provide long-term rental returns.
Buy off plan
Buying off plan can allow investors to secure brand new property at today’s price, meaning that you don’t need to worry about rising property prices and it becoming more and more expensive during the time a property is being built. It may even present possible capital growth potential.
Fixer uppers used to be the norm but now more and more investors are buying new build properties. According to HSBC research, brand new or refurbished properties can on average attract yields 1% higher than non-renovated properties.
Think outside the box
Non-traditional assets such as student accommodation, care homes and commercial property can offer higher yields than mainstream buy-to-let. Consider what asset will provide the best ROI.
Being a landlord doesn’t have to be time consuming
If you don’t have the time to manage your investment, why not purchase through a specialist property investment company? They will be able to perform the relevant due diligence checks, appoint a management company and may even assure your returns for a predetermined amount of time.
Safeguard your money
Do your research. If you are buying off plan, check planning permission is in place. Check your Legal Contracts maximise investor security. Ensure that your deposit is held in the developer’s solicitor accounts and are only released upon Architect Certification.
Checking all the boxes before you hand over your money will help safeguard your investment.
For more information about opportunities which tick all the boxes, simply contact Experience Invest.