Although right now the property market is massively inflated, there is still a lot of money being invested in theproperty market in Bury. So, buying the right property at the right price has never been more important. And, athats where we cam help just come to a Local Estate Agent in Bury. Specifically, Cardwells want to highlight the proven ways to make profit from property.
To give you a brief background on us, Cardwells have been letting, selling and estate agents Bury. By covering every aspect in the property process, this has allowed us to become a hugely established name. This is why we aren’t just commercial estate agents Bury, Cardwells also cover Bolton, Walkden and surrounding areas.
Property Market in Bury
Buy and Resell has always been the traditional way of profiting off of property and it still works. With a simple renovation job, you can typically make in and around 10% – 15% on the property. However, you can potentially double this if you really know how to invest in extensions for example.
Improvement to Properties
Not exactly the same but along the same lines, repair and redesign is even easier just not with upside. Ultimately, this depends on the state of the property but with a typical one you will be stuck at the same percentage. Yet if the property is dilapidated and has had its value ran into the ground, this percentage can skyrocket.
Rental Yield from the property market in Bury
Earning from rent income can be a slow process, but the results are undeniable. Best of all, this can always be an asset and potentially be inherited and stay in the family. but property management Bury is vital. Gross Yield is the most important thing to focus on because some of the profit will have to go back into the property.
Capital Growth
Playing the long game may be the option for you if you don’t mind the waiting game. By using many yield strategies you can add the value onto your property and with current prices is a very smart move.
Secured Interest Income
Despite not having the biggest financial upside, making money on mortgage interest is a simple way of making money. Fund Managers allow you to buy bonds in buy-to-let mortgages, and being able to make 4% per annum. However, you will have to lock up your investment for at least five years before making money back.
Local Estate Agent for Property in Bury
Cardwells are both estate agents Bury and letting agents Bury, so we can cover both sides of the coin. Our aim is to make the whole buying and renting process as simple and smooth as possible. No one knows more than us about the local area, you may just uncover a bargain in the Bury area.
Now is the best time to get in touch with Cardwells Bury, as there is plenty of property out there. No matter if you need support managing property or aim to invest, Cardwells will find a solution. Begin as simple as scrolling our website for a taste of what’s on the market right now.
Afterwards you can get in touch by filling out the contact form on the Cardwells website. This will allow you to tell us your enquiry and leave your contact details, so click here.
