A local chap came into the office recently to discuss investing in a buy-to-let property. He was thinking about buying off plan and wanted to discuss the investment potential.
Tenants love new build property and will often pay a premium for them in the right location.
House developers build for a profit and charge a premium for their product, so after buying, the prices may fall or hover around their sale price for a year or two and then start to rise in line with the rest of the market.
However for new owners there are advantages to new build properties. They come with guarantees and when minor problems crop up much work can be done under warranty (such as a problem with the newly installed cooker, extractor fan or the odd leak which appears as a snagging issue)
However pay attention to service charges, these can dent rents.
Belvoir Lettings Falmouth don’t sell property - we are lettings specialists, but we do give advice on what might make a good buy-to-let property in Falmouth and the surrounding areas. We don’t charge for this service but we would like to manage your property or help you find great tenants!
