There is no doubt that the current housing maket is in a state of flux with many investors feeling nervous. It might be easy to assume that many will cut and run but recent figures published by Paragon suggest that landlords are becoming more inclined to retain their properties.
Several underlying factors may be responsible for the decision to retain properties; not only do they provide a steady income source for future security, there is also increased demand for rental properties and with rents increasing steadily owned rental properties are a steady long term investment. With this, the need to ensure each property is completed to a high standard presents itself and so landlords need to discover how to do this at affordable prices.
Companies like Lodge Furniture offer fantastic furniture packages for the buy to let market with a high quality finish, and the need to please. As well as this the furniture packages are very affordable and buying furniture as a pack saves both time and money compared to buying separately, a real dream for budget conscious landlords.
Although long term capital investment is currently unstable, historical recoveries shows that in five years time, house values will have increased by over 25%, a huge increase over a not so huge period of time. Savvy investors are sitting tight, weathering the current storm whilst maximising their returns through quality rentals.
Returns remain attractive and strong tenant demand encourages landlords to retain property but with this comes huge responsibilities for landlords. To ensure an easier ride through the credit crunch, landlords need to consider a top quality finish to their properties, including quality landlord furniture, modern appliances and good presentation.
Companies such as Lodge Furniture offer all of this, and on top of that, host a forum where landlords can spread knowledge, providing each other with hints and tips. And just in case you doubt Lodges’ understanding of the current market, on site you will find they are launching 'Lodge Properties' this gives the investor the chance to jump in on ready made deals, and buy below market value.
This leads us to the opinion that over the coming months, the buy-to-let market will be a vital source of stability in an uncertain housing market may not be as far fetched as first thought.