Running a commercial enterprise can be a trial by fire for many reasons. Nothing else compares in terms of the challenges business presents and the way it forces one to grow and evolve. There comes a point in the life of most businesses where a very important question must be asked – should my business continue leasing premises or is it time to purchase something more permanent?
Are you thinking about investing in property? It may seem easy, however there are a number of points to consider before you dive into a long-term commitment, to ensure security, success and a strong return on investment.
Property is, without question, one of the more popular areas of investment at present. It has long had a reputation for outperforming the stock market and equities in total net returns, and the difference is especially marked at present. Seasoned investors and newcomers are increasingly turning to bricks and mortar as a source of investment income.
Is it more advantageous to let an investment property in a furnished or an unfurnished state? Answering correctly is essential in terms of achieving the highest rental yields, appealing to your desired market sector and ensuring your property is let on a continual basis. While it is not possible to give a single definitive answer, an analysis of the fundamental factors that must be taken into account can be provided. The overview of common considerations set out below will help you determine the best course of action.