Buy to let properties are best solution for long term investment because there are no chances of loss in this. You can buy the property and then you can give it on rent according to your choice. You can also run it as your side business and you will not have to take pain of this business. Even you can also give these properties on rent to home care services UK. If you are resident of UK then you can also search on internet buy to let properties UK. But here are some tips that you must consider before purchasing buy to let properties.
If property is legal:
Before purchasing any property you must make sure that if the property is legal. For this, you can also check the documents of property if it is legal or not. You must check license of the person who is selling property. If there is any specific scheme then you must make sure about that scheme and you must know about its registration.
When you are going to purchase property then you must make sure about the location. The location of property matters a lot. If you want to start any sort of business on that place then it grow only if the location of this place is best and customers can easily reach to that location. You must consider this location for reselling of property.
Price of property:
Before purchasing property you must make sure about the price of property. You must make sure that if the price is negotiable or not. And also check that if the price is according to property or not. Means if the seller is not overcharging for the property. So you must take care of price of property.
Know about your rights:
Before purchasing property from anyone, you must know about the legal matters related to property. If there is any dispute after purchasing the property then you must know that how can you deal with it through legal matters.
When you are purchasing any property then you must do paperwork and there should be legal agreement between two parties.
Presence of witness:
When you are giving them money and purchasing your property then you must make sure that if witnesses are present there or not. These witnesses will help you in the case of any dispute related to property later.