Posts Tagged ‘tenanted property’

There are many benefits involved in purchasing tenanted property for investment purposes. If you’re debating this investment possibility, then here are five good reasons why you should consider buying tenanted property.  

1. You don’t have to worry about finding tenants as they come with the property sale.

 This is a major factor in purchasing tenanted properties and one of the big bonuses that buyers gain. As tenants are already firmly in place, you won’t have any void periods where the property is empty. From an investment point of view, this means you get guaranteed rent from day one and make money straight away.

2. You’ll gain useful information about the track-record of the tenanted property.

For investors, it’s very useful to be able to get a track record of the buy-to-let property. For example, you’ll be given information about how the current tenants look after the property, what their rent history is (any changes in how much rent they’ve paid over the years or if they’ve ever stalled on payments), their credit and employment details, as well as the property’s maintenance records.

 3. You don’t have to worry about furnishing or decorating a property.

Compared to purchasing an empty property, if you’re buying a tenanted property, you’re unlikely to need to initially worry about furnishing it or decorating it, which can save a lot of time and money.

 Of course, over time wear and tear may occur and you might want to do some decorating, but it’s not likely to be as high on your agenda as if you buy a non-tenanted property. 

 4. The price for a tenanted property may be lower than the usual market value.

 Another major benefit for property investors is that the price of tenanted properties is often below the market value. This means that you get a much better deal for an investment property, plus you get the benefit of ready made tenants too.

 5. It can be a quick and easy way of making a property investment.

 If you use an experienced specialist company, such as HBF Investments., purchasing a tenanted property can be a quick and easy way of making your property investment. Experts will help guide you through every stage of making your purchase and the deal can be clinched quickly and painlessly.

If you’re keen to get on with the process of being a landlord, and of earning money from your investment, then buying tenanted property is a great option to consider.

Source:  David Coughlin – HBF Investments