The Sunday
four 2012 Sunda The Times
about theyoungGroup The Young Group spans the entire investment cycle fromidentifying opportunities and financing their acquisition, throughtomanagingthe asset, regularly reviewingthe performanceofthe property holdings andadvising on strategic direction, throughtorealising returnsinthe most tax efficientmanner. YoungGroup delivers day-to-day asset management through younglondon,its lettings andmanagementagency,which haswon multipleawards fromThe Times, TheSunday Times,Bloomberg andHSBC for thequality of itsservice.Young London is afinalist at PropertyWeek’s inauguralRESIAwardsas AssetManagerofthe Year andLettingsAgencyofthe Year andmostrecentlywon SundayTimes and
guralRESIAwards as
TheTimes LettingsAgencyof theYearAwardsfor Property Management,Customer Service,Marketing andLondon Agency.
neil Young
Wacky decormay not appeal to everybody
monthly costs and if they are ignored or forgottenitcan lead to anegativemonthly
cash flow. GettheriGhtadvisors Aregulated financial advisor cansecure the best financial opportunitiesfreefrom fees andaligned to your investment strategy. Good letting agents will minimise anyvoidperiods,provide tenants that are fully referenced and credit checked, negotiatethe termsofthe tenancyonyour behalf and, if they alsomanage the property, liaise with thetenants in addressingany propertymaintenance issues thatmay crop up.
TheDon’Ts don’texpectto‘Getrichquick’ Renting will notprovide youwithaquick injection of cashbut,overthe long-term, property investment has outperformed allother asset classes. With aproperty investment youcan expecttobuildasustainable andappropriately geared portfolio that will provide solid returns
over a number of years. neveriGnorethebasicsofsupplyand demand Speaktolocalagentswho will be able to provide informationonthe specifics of property supply andtenantdemandthat
Flat Living Autumn2012
applytoyourchosenarea. Themarkets forone- bedroomflats andfour-bedroomhouses do not
follow the samepatterns. don’tbeinfluencedbyyouremotions You will notbethe onelivinginyourinvestment property so be objectiveinyourdecision
making.For instance,itisbest to decorate andfurnish at an appropriate levelofquality andwithaneutral stylesothatithas abroad appeal. It is also a good idea not to be tempted to furnishthe property toocheaply as then youwillnot be able to attractorretain quality tenants. This is afalse economyascheap furnishingswillhavetobereplacedona moreregular basis. Spending alittlemorethe first timeroundislikelysaveyoumoney in thelongterm. Adequate investment in the property fromthestart will go alongway to
providing greaterreturns forthe future. neverbeswayedbyGimmicks Be wary of incentives like‘nomoneydown’ deals, getrich quickschemes or developmentswhereyou are underpressure to secure the‘deal of theday’. Never buy an off plan or newproperty without theguarantee of either anNHBC or Zurich 10
year warranty. neverpayovertheodds Avoidpaying
Your aimistobuy an investment that will generate long- termwealth
finders fees, commissions or subscriptions to agents or advisors priortocompletion. If the investment propositionisasound onethen there should be no reason to pay fees up front. With the continuing growth of demand
for properties within the Private Rented Sector (PRS), especially in London, nowis a good timeto invest. Immediatelyfollowing the credit crunch, investors were frustrated by thelackofnew investment opportunities and the dearth of mortgages available to them.But thelandscape is nowchanging with moredevelopmentfinancebeingmade availablefor theconstructionofnew homes whichispresentinginvestorswithadditional opportunities. Remember anyone with finance in place
canacquire abuy-to-letproperty; your aim is to buy an investment that will generate long- term wealth.Ifyou follow theseten pieces of advice,thenyou should be armedwiththe knowledgetofind aresidential property asset to provide you with solid long term returns.●
neilyoungCEO, Young Group tel 020 7531 7700 email
info@younggroup.co.uk websitewww.younggroup.co.uk
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