What to Look for Before Buying Rental Property?

Rents for over a third of tenants residing in the south-east England and London are increasing overwhelmingly in the last year or so. You can understand the severity of the condition in the fact that: inhabitants have to pay more than 50% of their take home to the renters every month. The average of renting a typical flat in London has risen 5.8% over the last year. As you can understand it is a taxing situation for the people living in rented residential places.

So, if you have long term engagements or want to live in the great city of London then buying London apartments for sale is a wise option. Before you take a final decision on buying rental property in London there are certain aspects that you have to check. 

·         Location: Make sure that the London apartment for sale in placed at a good location. The schools, market, shops and restaurants should be in close proximity.

·         Transportation: Part of the city where you intend to buy a rental property should be well connected through transportation links. The place should have bus routes, trains and tubes. Judge how long it takes to travel from the rental property site to the city centre.

·         Neighbourhood: This is also a very important consideration. Judge whether the houses and streets are well maintained. You can opt for a upcoming area too.

·         Crime Rates: Always probe into this point. You would be residing with your family. There are many areas in London that are not the safest to be residing in due to their high crime rates. So, research well into this fact. 

·         Refurbishments: Make sure while buying rental property that it does not fall into Conservation Area. There are many restrictions on conversion in such areas.

·         Other Facilities: You should also assess whether the property needs electrical systems installations, central heating or plumbing. The prices should be lowered by the property owner based on these criteria.

·         Kitchens or Bathrooms: Before buying rental property in London make sure that the bathroom or kitchen is well maintained. This is where your hygiene needs come up. 

Always create a checklist before you venture into the market to buy London apartments for sale. Such a checklist helps you get best properties at best prices.