Gill Fielding’s top things you should look out for when looking for properties to invest in
26 March 2019 2894 Views
Property expert and entrepreneur Gill Fielding has been investing in property for several decades; long before the term ‘property investor’ was even coined.
With a wealth of property knowledge Gill Fielding is passionate about sharing her story and inspiring others to take action and follow in her footsteps. Gill founded the property investing training company, Fielding Financial, in 2009 and welcomes anyone who wants to improve their financial situation into her family.
Gill knows that when you invest in property professionally and with the right knowledge you can unlock huge potential.
So, what are Gill’s top tips for investing in property? Keep reading to see what makes a good investment and what you should steer clear from.
Gill Fielding’s top things you should look out for when looking for properties to invest in:
Noise: Nobody wants too much noise, so avoid the neighbours from hell, the local nightclub and the end of airport runways.
Small, cramped rooms that make a tenant feel closed in and claustrophobic. Everybody wants to be able to swing a cat from time to time, so a tenant will appear happier if they feel they have space to breath.
Dirty, rundown areas make people feel threatened and vulnerable, and a tenant won’t stay with you as long if they don’t feel safe and protected in their own home.
A major road being too close can be very noisy and positively dangerous if you are letting your property to a young family with small children. Everybody needs to be close to communication links, but not too close!
Flats above the chip shop or any other fast food outlet is a definite no-no because fast food will encourage nasty smells at certain times of the day and, of course, lots of food rubbish which in turn may encourage rats.
Structural problems in any property will always drain cash and will always take longer to resolve than you imagine so don’t buy property with these challenges (unless of course you are a structural engineer, and this is your investment strategy)
Garage blocks at the end of the garden can be hotbeds of local unrest, and where the local teenagers hang out, and consequently they may make a tenant feel threatened. Avoid them.
A residential property situated in a commercial or retail area may be cheap to buy but will also be difficult to resell and potentially a let-down because
ofa section of the population won’t like living there. So, stick to the norm.
Low lying or exposed to any other environmental challenge. These properties are difficult to insure, difficult to let and difficult to resell – so stick to the higher ground. The local authority housing department will have a map of low lying or floor pain areas in their district.
Properties with open rear access where a vehicle can park also are vulnerable to burglaries and break ins. Make sure the property is well secured all round.
Environment issues such as pylons, incinerators, aerials, phone masts, landfill sites and so on, have very bad publicity and although their health impacts may not be a problem, many people would never buy a property near or under one of these – so your potential ‘customer’ base (i.e. tenants and buyers) is consequently restricted. Don’t ever buy anything that limits the number of potential or future customers.
A school next door may be lovely but even for young families, I would avoid these as parking is a nightmare at 8:30am and 3:30pm each day, and you’ll never have any glass in the back windows. Buy a property at the end of the road instead.
Properties that are listed or require other planning consents should be avoided. The intention as an investor is to have a property that is easy and quick to move as a potential product, and this is impossible with a listed property as there are so many restrictions to accommodate in terms of building, refurbishment and developments.
To download the full guide, click here.
So, if Gill’s tips for investing in property have been helpful why not attend one of our FREE Property Investing Seminars!
We offer training nationwide including, London, the South West, the South Coast and Northern regions. Our seminars are suitable for all levels of experience whether you’re looking to invest in your first buy-to-let or have a couple properties under your belt and are looking for inspiration on how to expand your portfolio.
Alternatively, if you are already a landlord and want to gain the knowledge to become a Professional Property Investor, we run our 3-Day Property Investing Training courses across the country and on a regular basis.
Our courses and training are delivered by an experienced faculty who have an intimate understanding of buy-to-let, HMOs and lease options, they understand the challenges professional property investors face and want to share their personal experiences and knowledge with you. Courses and training are reviewed on a regular basis to ensure that training materials provide students with the most up-to-date policies, legislation and guidance on how to become a successful property investor in today’s changing market.
So, if you want to transform your life and start the journey towards financial freedom, invest in your learning and attend one of Fielding Financials’ FREE seminars which are designed to teach you how you can get started as a property investor.
Click here to book your place and get started today!