Monthly Archives: May 2018

Archive of posts published in the specified Month

May
10

Top 10 Tips for Buy to Let Property Investments

Why buy-to-let?

Despite some recent changes to lending rules, buy-to-let property is still an extremely popular way for people to invest their money. There are many obvious reasons why, considering the current housing shortage and the low number of new builds that are not coping with the demand of the rising population. Some people are uncomfortable with putting their money into stocks, bonds, shares, ISA’s that may be confusing and don’t have the stable feel to them that good old bricks and mortar have, and prefer to invest in housing. Buy-to-let properties can have excellent long term returns, but like all property investments there are risks and there is no guarantee a property is going to make money. So to avoid this and to maximise your profit making potential, we have put together a short guide to help you on your way to becoming a successful, wealthy, landlord.

Researching the market & choosing the right area

The amount of research you do before making an offer on a property is crucial in how successful it will be. Fortunately the internet provides a wealth of data that you can use to help narrow down your search. To get a grasp on average prices/rents and trends take a look at The Home Let Rental Index and property portal sites such as Zoopla and Rightmove. These will give you an idea about what areas offer and their amenities – sites like Property Detective and Dataloft are good for that also. Try contacting other landlords or letting agents who can advise you. This can be done in person, but again the internet provides forums where people can meet and share information. Lastly, nothing beats getting off the computer and visiting physical locations where you will be able to get a true feel for any potential areas you are thinking of investing in.

 

Calculate how much you want to spend & shop around

This is a crucial step so take your time in calculating as accurate a budget as possible. There may be additional costs and factors that may not have occurred to you so make sure you are aware of all of the expenses. There are also handy online calculators that can give you estimates. Some of the factors to keep in mind are:

Maintenance – You will set a certain level of maintenance in the tenancy agreement but you are required to keep the property in good order.

Letting agent fees – Handing over the running of the property to an agent will free up your time and lower stress levels but that peace of mind comes at a cost.

Other costs include insurance, survey fees, and how much of the appliances you want to supply and maintain. All have to be factored in when choosing rent levels and weighing it up against mortgage payments. There is a wide variety so shop around for best deals and see what other landlords in the area offer.

 

Weigh up the pros and cons

There …

May
9

4 Considerations When Buying Industrial Parts

If you’re in the market for industrial parts, you might be a little wide-eyed at all of your options. Here are just a few ways to narrow things down and find a part that’s truly right for you.

1. Price

Since this is one of the most important questions that you’ll have to ask, it should also be the first. How much can you afford to spend on industrial parts? What’s the maximum limit of your budget? Have you included things like delivery and assembly in those price projections? You might want to run the numbers two or three times to ensure that you have them right.

2. Product Type

It doesn’t matter if you’re searching for lift conveyors or deaerator trays. No matter what you’re seeking, make a list of the specifications that matter to you. If the product needs to be a certain size or operate at a specific capacity, don’t waste your time with items that don’t fit the bill. Stick to the brochures and blog categories that will get you what you need.

3. Brand

Big brands are the most well-known, but they aren’t necessarily offering the finest products or the best deals. You’ll want to compare and contrast between brands to make sure that there isn’t a competing company with a better offer right around the corner. If you can find a headier discount, take it!

4. Warranty

Many industrial parts come with an warranty, but read the fine print before you blithely accept its terms. It might say that you have to pay for return shipping charges if there’s a defect with your item, or it might not cover replacement parts for certain types of damage. These are the kinds of things that you’ll want to know in advance, so always read the entire warranty.

These are just a few tips for buying industrial parts. It might seem like a lot, but it’s better to weigh your options and work out the details before you hand over your credit card, especially if you’re purchasing something big and expensive. Happy shopping!…