It's important for landlords to remember that their properties are not their homes. Make sure you take your time when searching for buy-to-let properties and decide whether you want ready-to-rent properties or ones that need renovations. It is important to speak with an agent who knows what you are looking for as well as how to maximize your earnings.
After taking taxes and other expenses into account, you can still earn a respectable income if you watch your pennies and don't spend too much on décor and furnishings.
In addition it's best to be picky with your financing options, If you're borrowing to finance a buy-to-let purchase speak to an independant broker that can offer the best advise and search the whole market for the best deals. Check out our friends at Home of Mortgages
In the wake of the pandemic, the property world was turned upside down. There was a sudden decline in rental demand within Norwich City, while rural and suburban areas such saw an increase. Since people couldn't move around, vacant properties remained vacant.
People are returning to work, the UEA is open and students are looking for housing as the country tries to return to normal. This is the perfect time to get into (or back into) the game. There will always be a demand for rental properties in Norwich, but for now, it seems like rental prices are staying high.