How To Enhance Your Property Investment
Expanding your portfolio can be daunting. You may have questions about rental trends, where to invest, what to look for, how much to spend, etc. Before you start, here are a few questions to ask to ensure you get the most out of any additional outlay.
Should I buy a renovation?
The best deals are the ones that require investment. You can find these at auction, or even on the open market. Consider a renovation project to ensure you maximise your capital gains, not just your monthly yield. It’s crucial to ensure you make plans and have trusted tradespeople in place before you commit to ensure the work is completed to a high standard and you don’t have to instruct further tradespeople to rectify their work.
At John Shepherd, we understand the importance of delivering exceptional results. We’re not only judged on our own customer service and output but the quality of our trusted tradespeople’s work. That’s why we only work with the highest quality tradespeople in the West Midlands. We have built a catalog of trusted contacts that we know will complete your work to the finest standards and in a timely manner. From carpenters and plumbers to painters and electricians, our team is well-versed in delivering top-notch craftsmanship. Contact your local branch and we would be happy to share our advice and details on reccomended tradesperson to assist with your property renovation.
What should I prioritise?
Time is of the essence when it comes to property renovations. Before purchasing a property, you have to understand the significance of minimizing downtime and maximizing rental income. Any period of time without a tenant in, is time your investment is not earning money. By coordinating the various tradespeople, overseeing the workflow, and addressing any unforeseen issues promptly, we keep your project moving along seamlessly.
Once I have completed the renovation, what next?
It's not just finding tenants quickly that you should consider. Finding reliable tenants is just as important. We vet our tenants to ensure they have a strong track record of looking after a property and paying their rent on time. You can’t put a price on peace of mind.
From marketing to photography, to conducting viewings and background checks, at John Shepherd we handle every step meticulously. Our in-depth knowledge of the West Midlands property market allows us to identify potential opportunities and set competitive rental prices, optimising your investment returns.
As a landlord, you may encounter various challenges and questions related to your property portfolio. John Shepherd provides ongoing support and expert advice to address any concerns you may have. Whether you need guidance on property regulations, rental market trends, or maintenance issues, our experienced team is always ready to assist you. Please reach out to your local branch today to begin the search for your next investment.
We’re not just an Estate Agent, we’re your partner. We’d love to assist you in building your portfolio. Please reach out if you’d like to invest in a renovation property, and we’ll guide you every step of the way. From consultation, to purchase and renovation, and to letting the property at the end.