Whether you’re an established landlord or a first-time investor, you’ll probably be thinking about what to buy: a ready-to-go rental or a doer-upper. Which one should you pick?
Currently, lots of changes are being made around rental rules, and reports claim that many landlords are selling up. However, there are still plenty of investors making their move into the rental space. And with the UK facing a possible decline in house prices, now may be the right time for you.
But what do you buy?
A turnkey rental is one that is ready for tenants to move into once the sale is complete. A renovation project is a property that needs repairs or extensive decoration to get it ready for new tenants.
Both have their pros and cons, and in this quick read, we explore them in more detail.
