Quick Poll: Should You Invest In Houses Or Flats?
I ask because I recently had two blog posts sent my way, one urging investors to buy flats, the other saying, nah, don’t be daft, it has to be houses.
In the flat corner is Robin Bowman of Property Secrets, who argues:
“There is almost always rental demand for good flats in good locations, which are generally what renters will be looking for rather than houses. Larger, family suited apartments also. Provided there’s no oversupply.”
But David Lawrenson, over at Letting Focus, reckons the typical leasehold flat can sometimes be a bit of a headache:
“If the management of the block is good, the lease is well drafted and there are not too may other flats in the local area then flats are OK. But often this is not these case.
“If you are thinking of buying a flat, think about noise and inconsiderate neighbours. In converted flats, noise is always a real problem because the properties were never built to be soundproofed in the first place. In the long run, properties that are freehold and have gardens will always keep their price – just as long as they are in decent areas.”
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Related Tags: Property Investment, Poll, Buying & Selling, Houses, FlatsRelated Posts:
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Having just voted in your poll and seen the results I am surprised at the outcome I won’t spoil it for others, they will have to vote to see the result!
I think for buy to let purposes flats are better
Below Market Value Property
Sell and Rent Back