Property Investment
STEP 1
Research
➮ Identify target properties based on client needs. Investment property types include: apartments, terraced houses, and semi-detached houses. Common investment areas: commercial districts, school zones, and transport hubs.
STEP 2
Viewing
➮ After consultation with the advisor, collaboratively shortlist 3 to 10 suitable investment properties and begin arranging on-site viewings. A property viewing report will be provided to the investor.
STEP 3
Selection
➮ Based on the report, select the property to invest in. Key considerations include: price, location, layout, local amenities, parking, privacy, natural light, floor plan/size, and renovation condition.
STEP 4
Exchange
➮ Submit an offer for the selected investment property. Once the seller accepts the offer, both parties exchange solicitor details and the legal conveyancing process begins.
STEP 5
Completion
➮ As the purchase process nears completion, both solicitors agree on the completion date and key collection time. At the time of key collection, utility meter readings are provided, and the property transaction is finalized.
STEP 6
Inspection
➮ After receiving the keys, inspect the property for any undisclosed defects or discrepancies from previously agreed conditions—for example, whether the property has been cleared out and whether the agreed-upon furniture has been left behind.
STEP 7
Bills transferred
➮ After confirming ownership of the property, the new homeowner must transfer all utility and tax bills into their name based on the water, gas, and electricity meter readings provided by the seller.
STEP 8
Renovation
➮ To increase rental income, the property can be renovated or refurbished before finding tenants. Common renovation items include changing locks, painting walls, installing flooring, replacing carpets, and upgrading bathroom fixtures.
STEP 9
Decoration
➮ After completing interior renovations and confirming that no additional structural work is needed, you can begin furnishing the space by purchasing furniture, curtains, appliances, and more. Renting out the property unfurnished is also an option.
STEP 10
Letting
➮ Once all renovations and furnishing are complete, you can appoint a local letting agent to find tenants. The landlord is responsible for covering the agent’s tenant-finding fee and the monthly management fee.