Property Solutions

Buying a house to rent

Posted on October 16, 2017 at 2:07 pm

It’s not uncommon to hear people getting on the property ladder, with the intention to rent the property out. Many homeowners are choosing to buy a small second property to rent out, bringing in a second income.

For some this option is unfeasible and with mortgages becoming more and more difficult to obtain, buying one house is hard enough. You may be able to find a large property at a reasonable buying price if the building required some renovation. Renovation projects can be a fun and exciting experience, and once complete can bring you in a better monthly income for rent or a better selling price if you put it back on the market.

There are other reasons for buying a house to rent out though. For those looking to go travelling, renting your property while you are away it is a great way to bring in a steady income to support your finances during your travels.

Posted in Property Solutions