It may still be a few months' time until Christmas, but with retailers starting to stock chocolate Santas, it may be time to consider what would be on a property investor's wish list this year.
Judging by some of the most recent news pieces tidy tenants would be top of most investor's wish list. Whilst few would concern themselves with teh day-to-day running of the household, investors and landlords like to see their properties returned to the initial state when tenants move out.
And many tenants - keen to receive their deposit back - return their flat in perfect condition. However, approximately five percent hand over 'complete wrecks'. Nearly four in ten landlords have had to fully refurbish a flat after tenants moved out and ten percent said their repairs bill topped £2,500.
Joint second on our wish list are flats and terraced houses, as Paragon Mortgages reports that 16% of landlords are looking to increase their portfolio. According to their survey, flats and terraced houses appear much more popular than HMO properties which are typically shared by students. 58% of landlords are looking to invest in the former, with only 6% interested in the latter.
It's an interesting figure, especially considering the substantial returns achieved by well placed student flats in Edinburgh which have historically outperformed one and two bedroom flats for rental growth and occupancy.
Therefore, for Edinburgh property investors we'd like to add traditional four and five bedroom flats popular with students to our wish list, followed by a good choice of competitive finance products.
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