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Property Investment, Investment
Getting into Property Investment? Start Here
Getting into Property Investment? Start Here If you’re just getting into property investment, it’s important to take your time, do your research, and make sure you’re ready. While it can be a lucrative, exciting, and often low-risk investment, there are plenty of pitfalls that can catch first-time investors off guard. In this short post, we’re sharing our top tips for getting into property investment as a first-time investor. Our Top Tips for Getting into Property Investment 1. Start Following Property Trends Before you even think about making your first investment, you should get into the habit of tracking property trends and the health of the housing market, both locally and nationally. That way, you’ll have more confidence that your investment will see a return in the long run. Note: When you work with Cairn, we provide expert analysis of industry data, alongside in-house and subscription data covering property prices and market trends. Find out more about our investment services here. 2. Only Invest What You Can Afford The next step is to review your current and short-term financial situation to get a handle on your budget. It’s often a good idea to hold some money back for any unforeseen expenses, such as repairs or renovations. And you’ll also need to factor in the additional costs and taxes associated with investment properties, including Stamp Duty, Income Tax (if you’re renting the property), and Capital Gains Tax (the tax paid on any profit generated when you sell the property down the line). 3. Make Sure You Understand Your Legal Requirements & Responsibilities Becoming a buy-to-let landlord comes with extra legal responsibilities, so it’s vital that you know what you’re getting yourself into early doors. Landlords must ensure: The property is safe and hazard-free That they are registered to be a Landlord. All gas and electrical equipment is safely installed, maintained, and inspected regularly Smoke and carbon monoxide alarms are fitted and tested, and all fire safety regulations are followed to the letter Working with a property management agency (like Cairn) can help you make sure your property adheres to these requirements. 4. Focus on ROI When you’re viewing possible investment opportunities, you need to overlook the aesthetics and focus on the revenue-generating potential of the property. Wallpaper and layout can be changed, so try not to get hung up on the little things. Instead, consider the rental income and the likelihood the property will appreciate in value based on the demand in the area and those property trends you reviewed earlier. 5. Know When to Exit The property market has a habit of fluctuating, and the best investors know when to ride out the lean years and when to sell to make the most profit. Of course, no one’s born with this level of intuition — it takes years of experience to spot those opportunities. Luckily, working with a property investment agency like Cairn lets you tap into that experience as and when required. We’ll keep you up-to-date on current and future trends and help you offload investment properties at the optimum time. Getting Into Property Investment? Work with Cairn Our experienced team are on hand to provide guidance at any stage of the investment process. From supplying valuable insight into current market trends to advising on legal requirements, we’re with you every step of the way. Contact us today to learn more.
Property Investment, Buy To Let, Edinburgh, Investment
Why Invest in an Edinburgh Portfolio?
Why Invest in an Edinburgh Portfolio? Want to invest in an Edinburgh portfolio? Discover the reasons why Scotland’s capital is the place to be. With a thriving economy, six universities and a growing population that could reach 600,000 within the next 10 years, it’s no surprise that Edinburgh is considered one of the best places for buy-to-let in the UK. And high demand for properties means higher rental yields, allowing you to receive healthier returns on your investment! Read on to discover the top reasons to invest in a buy-to-let portfolio in Edinburgh. 4 Reasons to Invest in an Edinburgh Portfolio: 1. A Booming Economy Edinburgh, the capital city of Scotland, is the powerhouse of both the Scottish and wider UK economy. Consistently one of the most prosperous parts of the country, it has the strongest economy of any city outside London. A booming economy means more jobs, resulting in a greater need for housing as more people move to the city. And not only does the city have a healthy employment rate of 76%, but around 40% of the workforce are in high-skilled (well-paid) jobs. 2. Rising Population Another reason to invest in buy-to-let in Edinburgh is the city’s rising population. A new report shows that it grew by 12.3% in the ten years to 2020, up from an estimated 469,930 to 527,620. This figure is expected to rise to over 600,000 by 2035, potentially becoming more populous than Glasgow in the near future. More people means greater demand for housing stock, which is great news for buy-to-let investors. Read more: Edinburgh Property Investment: Is It Worth It? 3. A flourishing student market With six universities and three colleges, Edinburgh has a flourishing student market. The city is home to students from across the UK and around the world. Thousands come not just for its elite educational reputation, but for its rich and fascinating heritage, architecture, and food and drink scene. Since full-time students comprise over 12% of the population of Edinburgh, there’s a huge need for quality rented accommodation. HMO student accommodation is particularly sought after in the city. This is because it’s generally more affordable for students since several people will be splitting the rent, and it also offers a more social experience. Since the universities aren’t going anywhere, investing in a student HMO is usually a sound investment. Some of the key areas for student property investment are Abbeyhill, Marchmont, Balerno, Chesser, Bonnington, Currie, Dalry, Gorgie, Juniper Green, Haymarket, Fountainbridge, Polwarth and Slateford. Read more: Buy-to-Let in Edinburgh: Where to Look? 4. High rental yields With so many reasons for people to live, work, and study in Edinburgh, it’s no surprise that property here is in such high demand. As well as local residents and the huge student letting market, there’s also a flourishing tourist and holiday letting market. This has become particularly attractive for Edinburgh landlords in recent years, resulting in the city boasting some of the highest rental yields in the country. According to Totally Money, Edinburgh buy-to-lets can offer excellent yields of well over 6%. Next Steps: Find an Edinburgh Portfolio We’ve written previously about how to find a property portfolio for sale in Scotland, so you may want to continue reading there. Or, if you’re ready to invest in an Edinburgh portfolio, we’re here to help. We have a proven track record in helping investors secure profitable buy-to-let investments, with multiple portfolios sold within the last six months alone. Get in touch to learn more.
Property Investment, Edinburgh, Investment, Property Partners
Why Use Our Property Development Services in Edinburgh?
Why Use Our Property Development Services in Edinburgh? Are you looking to invest in property in Scotland’s capital? If so, Cairn can help. We offer a range of property development services in Edinburgh, helping our clients maximise their investment. Whether you’re an experienced investor or new to the game, we can provide the guidance, support and assistance you need. Read on to learn more. Cairn’s Property Development Services in Edinburgh: 1. Free guidance, analysis, and recommendations Firstly, our experienced team are on hand to provide guidance at any stage of the development process. From supplying valuable insight into current market trends to advising on legal requirements, we’re with you every step of the way. Our team can also carry out a full assessment of your property in line with market standards, advising on the type of work required to maximise letting potential. And we can even provide estimates and suggest options to help you stay within budget. 2. Complete project management Secondly, when you use our development services in Edinburgh, you’ll benefit from complete project management. We can handle every part of your project, from providing a detailed plan of the required works to receiving quotes from approved contractors (and even negotiating contracts). We can agree on timescales to reflect your needs and negotiate fixed prices to improve budget management. We’ll inspect the work as it’s being carried out and later arrange a snagging inspection to ensure that high standards of workmanship have been maintained throughout. And anything which hasn’t been completed to the specification agreed can be rectified as quickly as possible. 3. Preparation of planning permission and building warrant applications Property development often requires you to get planning permission and a building warrant before you carry out work. This can include converting, altering, extending or demolishing any part of a property. At Cairn, we take care of the paperwork for you. We complete all forms and drawings to a professional standard and with the highest level of accuracy. And that’s not all. We can also help you apply for the Completion Certificate – a key document that confirms work has been carried out in agreement with the approved plans and specifications, as well as Building Regulations. 4. Carrying out design improvement to your property Finally, our work doesn’t always stop once the building work is complete. If required, our development services can also include cosmetic improvements to your property, helping to increase both its value and letting potential. Our in-house team of designers deliver eye-catching, trendy interior design. We’ll provide expert guidance on everything from picking fixtures and fittings to choosing the perfect finishes for your property. And everything we suggest will meet with current regulations and reflect your investment profile and budget. Learn More About Our Property Development Services in Edinburgh Cairn has been delivering property development services in Edinburgh for many years. Whether you’re searching for new investment opportunities or need help maximising your returns, our team of experts can help. Get in touch to learn more.
Property Investment, Buy To Let, Glasgow, Hints & Tips, Investment, Student Accommodation
Why Work With A Glasgow Estate Agent To Buy Property For Your University Bound Child
Why Work With A Glasgow Estate Agent To Buy Property For Your Uni-Bound Child An expert Glasgow estate agent can help you find the best deal for a second property — especially if it’s for your student-aged child. More and more parents are choosing to buy property for their children as they head off to university in Glasgow. And while this might seem like an extravagant move, it can be a wise long-term investment that benefits your family long into the future. Glasgow estate agents can help you find suitable properties at surprisingly affordable prices. Read on to find out why working with an estate agent to buy your child a property to live in may be a better option than renting student accommodation. Why Buy Property for a Student: Glasgow Estate Agent Advice 1. It’s a long-term investment Buying a property in Glasgow remains a fantastic investment. While it’s one of the least expensive cities in the UK to buy property, house prices here are increasing year on year. In fact, the average house price soared by a massive 14% in the last 12 months alone. There’s also a huge rental demand in the city, making it the ideal place to buy to let. With that in mind, you could opt to rent out spare rooms in the property to help pay the mortgage and other costs. A good Glasgow estate agent can help you select the right investment property in the city. 2. Help your child avoid sky-high rents According to Rightmove, the cost of renting in Glasgow has rocketed by 10% since the coronavirus pandemic started, with the average rent in the city now £992 per month. This is well worth considering when deciding whether to buy your child a property while studying at university. Buying a property is likely to be much more cost-effective once the initial costs have been paid, with average mortgage payments often significantly less than average rent payments. Read more: Why We’re the Best Glasgow Letting Agents for Students 3. Help your child onto the property ladder early Helping your child onto the property ladder at an early age will benefit them long into the future. Although property values may drop over the course of the mortgage, they’re still likely to rise overall. Therefore, if you buy your child a property while house prices are lower, the value in the house will increase as the market recovers. And if they get on the property ladder at 18, they stand to have considerable equity in their property by their late 20s and 30s. They are also more likely to be mortgage-free at an early age, giving them greater freedom to retire early if they choose to. Buying Property for the Student in the Family? Use a Reputable Glasgow Estate Agent Knowing where to start when buying a property for your child can be difficult, particularly if you don’t live in the city. That’s why many parents choose to work with Glasgow estate agents with expert knowledge of the different properties currently on the market. A local estate agent can help you find the right property for your child, helping to secure an investment that benefits your family long into the future. To buy your child a property to live in while studying, contact a leading Glasgow estate agent (like Cairn!). We can help you find a suitable home in the city at the right price. Get started here.
Property Investment, Hints & Tips
How to Find New Property Development Opportunities
How to Find New Property Development Opportunities Identifying property development opportunities can be challenging, whether you’re an experienced investor or you’re new to the game. To succeed, you’ll need to learn how to recognise those hidden gems in the property market. This could involve snapping up a rundown house ready for major refurbishment or finding a flat in an area that will soon be regenerated. The trick is to spot those qualities that will ensure a property sells for more than you paid for it. Read on for our top tips. Cairn’s Top Tips for Spotting Property Development Opportunities 1. Find public land for sale Finding public land for sale can be a good option for developing property. When land is put up for sale, it’s advertised in the public domain, with the government and local councils not legally allowed to sell sites off-market. Transparency is required throughout the sales process. To find out about land for sale, check out your local council’s website. 2. Visit property auctions Property auctions can be good places to find development opportunities. Since you’re likely to face less competition than when buying in the traditional way, you may be able to secure property at a discount. You can save a lot of money when buying at a property auction — however, there are a few things to be wary of. One of these is to always visit the site before committing to a sale. If you don’t, you could find that there are issues that could prevent you from maximising your investment potential. Most importantly, you’ll need to be sure of your decision before you bid. Once the gavel falls, the deal is finalised, with no requirement to exchange contracts. 3. Identify regeneration hotspots When looking for property development opportunities, it’s a good idea to keep tabs on those areas which are set to undergo regeneration works. Investors should always be on the lookout for regeneration hotspots since they signify future growth and demand. Urban regeneration usually leads to better amenities that attract new residents. Identifying homes in areas that are undergoing development often allows you to make a significant profit once local property prices have increased. Read more: Edinburgh Property Investment: Is It Worth It? 4. Work with an estate agent to find property development opportunities Of course, one of the best ways to find development opportunities is to work with an estate agent who is experienced in property development. This can save you a lot of time while also gaining expert insight into the local property market. Maintaining and developing a solid relationship with an estate agent puts you in a good place to hear all about great property development opportunities before they become public knowledge. Working with an estate agent is particularly advisable if you’re looking to make your first property investment. Read more: Buy-to-Let Glasgow Hotspots For expert advice in identifying property development opportunities, get in touch today. Our team are highly experienced in assisting property developers in Scotland, making us best placed to help you find the right opportunities to maximise your returns.
Property Investment, Buy To Let, Glasgow, Landlords, Property Finance
Glasgow Property Investment: 5 Reasons Why You Should Invest in Glasgow
Glasgow Property Investment: 5 Reasons Why You Should Invest in Glasgow Interested in Glasgow property investment? You’re in the right place. Glasgow has become an increasingly popular option for buy-to-let investors in recent years. As well as benefitting from surprisingly affordable house prices and high rental yields, landlords are also attracted by the city’s booming population and thriving economy. Read on to find out why Glasgow property investment is such a good idea. 5 Reasons for Glasgow Property Investment 1. Population size With Glasgow City Council recently approving its ‘City Centre Living Strategy’, the population of the city centre is set to grow significantly in the coming years. The aim is to double the number of people living in the area, with a target of 40,000 to be reached by 2035. To achieve this, vacant commercial space will be converted, brownfield land developed, and new public spaces created. This is great news for landlords since a higher city centre population means an increased need for quality rental properties. 2. A growing student city Approximately 67,000 people – more than 11% of Glasgow’s total population – are enrolled in higher education. In addition to prestigious universities like the University of Glasgow, Strathclyde, and Glasgow Caledonian, there are many other top colleges and specialist learning facilities. People come from all over the world to study here. And, of course, all these students need somewhere to live, leading to high demand for rental properties. Glasgow plays home to a lucrative HMO market which our team of specialists can help you navigate. To rent a property to 3 or more persons the Landlord must have an HMO licence in place to cover them as Duty holder and the property. We will take you through the HMO application process and procedures to ensure a full 3 years licence is achieved. Licences must be renewed every 3 years and properties can be inspected at any time by an HMO department or Fire Scotland. Maintaining a good property history is crucial both to passing inspections and ensuring your licence is renewed. We will carry out an initial inspection to advise you of any remedial works need to bring the property up to HMO standards our inhouse maintenance team will organise competitive quotes. Student property can be an extremely lucrative investment opportunity for landlords. In a recent report carried out by BVA BDRC on behalf of Paragon Bank, it was revealed that landlords who have student buy-to-lets in their portfolios are consistently achieving higher rental yields compared to those who don’t. 79% of the landlords surveyed said that high rental yields are what make letting to students so appealing. Read more: Buy-to-Let Glasgow Hotspots: Where to Look? 3. Thriving economy Glasgow’s is the fastest growing economy in the UK, significantly outperforming other core cities in recent years. Its industry has evolved greatly over time, moving on from its shipbuilding past to become a leading hub for sectors including technology, finance, sciences and tourism. More than 48,000 businesses (making up 28% of Scottish companies) call Glasgow home, providing more than 856,000 jobs (34% of the Scottish total). The city’s thriving economy is one of the biggest reasons many buy-to-let landlords choose to invest in Glasgow. 4. Future infrastructure developments Glasgow will soon be an even more desirable place to live, thanks to future infrastructure developments. The City Deal will fund several major infrastructure projects, with £400 million set aside to upgrade and regenerate the city centre, Sighthill and the canal area, Calton and the Barras, Collegelands, the Clyde waterfront and the West End. 5. Affordable house prices and rising rents According to statistics from Zoopla, in November 2021, the average price for property in Glasgow was £214,765. This is significantly less than the UK average of £264,000. When you couple this with the fact that rents are rising at the fastest rate ever recorded, this makes Glasgow a highly desirable option for landlords. The city has some of the best yields in the UK. As you can see, there are so many reasons for landlords to invest in Scotland’s biggest city. To learn more about the best Glasgow property investment opportunities, talk to one of our experienced team today.
Property Investment, Buy To Let, Hints & Tips, Investment
How to Find a Property Portfolio for Sale in Scotland
How to Find a Property Portfolio for Sale in Scotland Read on to discover how to find a property portfolio for sale in Scotland. Some investors choose to buy a single buy-to-let property. Others, meanwhile, opt to build a full-blown property portfolio — and with good reason. There are several potential benefits to building a property portfolio. You can gain access to multiple income streams and achieve longer-term financial security. And if you’re looking for a property portfolio for sale in Scotland, it makes sense to work with a knowledgeable local estate agent. Find a Property Portfolio for Sale with Cairn When buying a property portfolio, working with an expert local estate agent is the best place to start. Estate agents often have multiple property portfolios for sale and can offer you expert advice and guidance to help make sure an investment is right for you. At Cairn, we’ve sold 24 portfolios to investors throughout Scotland in the last six months, making us best-placed to help you acquire successful buy-to-let properties. Here’s how we do it: We help you identify your goals When looking for a property portfolio for sale in Scotland, you first need to think about what you want to achieve. Do you want to benefit from an increase in property prices over time? Or are you eager to boost your earnings through rental income? Chances are, it’s a combination of the two. An experienced estate agent can help you identify your goals and suggest properties that fit your long-term plan. This can reduce the chances of any expensive mistakes further down the line. You can tap into our expert local knowledge One of the biggest reasons to buy a property portfolio with our help is our excellent local area knowledge. We know what has been sold locally (and for how much) and what is due to come to the market in the near future. This means you can quickly snap up profitable properties for your portfolio. We can also provide you with key information about a particular area, such as whether it’s safe and desirable to potential tenants. The end goal: maximise your rental income We’ve worked with many buy-to-let investors to ensure they get the best possible yield for their properties. We can also advise on how to minimise void periods between tenancies. Any good estate agent knows that keeping your property occupied means more rental income for you. Our buy-to-let team makes the process of letting your properties easy and stress-free from the outset. We go above and beyond for our clients, often achieving rents in excess of the regional average. Find Property Portfolios for Sale with Cairn As one of Scotland’s leading local estate agents, you can feel confident we can help you build and expand your property portfolio. We have a proven track record in helping investors to secure profitable buy-to-let investments, with multiple portfolios sold within the last six months alone. Get in touch to learn more.
Property Investment, Buy To Let, Hints & Tips, Landlords, Property Partners
Looking for Portfolios for Sale? 4 Things You Need to Consider
Looking for Portfolios for Sale? 4 Things You Need to Consider Interested in portfolios for sale? Read this short blog post for advice. Building a property portfolio can take time, money, and know-how. The best property investors and buy-to-let landlords have built their mini-empires with patience and hard work. But there is a faster way: you could simply purchase a ready-made property portfolio. However, finding portfolios for sale requires careful planning, and in this post, we share 4 important questions you need to ask before you start moving money around. Portfolios for Sale: 4 Questions to Ask 1. Have you done your due diligence? No matter the size of the property portfolio in question, the biggest mistake you can make is rushing in. Prior to investing, you must evaluate the portfolio to understand its true commercial value and potential, and also uncover any risks involved in the purchase. When you work with Cairn, we carry out a review of the cost/benefit opportunities against the investment profile to make sure you’re making the right financial decision. 2. Are the properties tenanted? Buying a portfolio with tenants in situ means you can start making rental income without skipping a beat. It also saves you from the hassle (and expense) of having to market several properties at once, vetting and placing new tenants. Here at Cairn, we specialise in the sale of tenanted properties, so we know how to handle the ins and outs of this process, keeping everyone happy and informed. 3. What developments are planned nearby? Another key consideration when purchasing a property portfolio is to understand the wider landscape in and around your investment. Will new developments (housing, bars, restaurants, schools, transport links, etc.) affect the value of your property in the short and long term? On the one hand, more amenities could make your new portfolio more desirable to potential tenants. However, new housing popping up right next door introduces more competition and could make it difficult to place and retain tenants in the future. In short, make sure you have all the facts before pushing ahead. 4. Do you require HMO licenses? Finally, will your new portfolio allow you to rent one property to more than 3 unrelated people? If so, you’ll need an HMO (House of Multiple Occupation) licence. HMOs are an increasingly attractive property investment idea, boosting yields and spreading risk across multiple tenants. We offer a number of HMO development services, helping you assess your properties for compliance with HMO regulations. Find Portfolios for Sale with Cairn Our property investment services are second-to-none. We can help you assess your objectives for any property investment or development, taking budget, yield, and capital growth expectation into consideration. And once you’ve secured your new portfolio, we’re on hand with a range of property management services to ensure your properties are compliant and maintained to the highest standards. Get in touch to learn more.
Property Investment, Buy To Let, Glasgow, West End
Property Investment in Glasgow: Where to Spend Your Money
Property Investment in Glasgow: Where to Spend Your Money Interested in property investment in Glasgow? Here Cairn profiles the most popular areas of the city. Investing in buy-to-let in Glasgow is a no-brainer. A bustling, modern European city with a vibrant student population, a thriving economy, vital transport links, and huge rental demand, Scotland’s largest city represents a golden opportunity for property investors. But where should you spend your money? Let’s explore Glasgow in a little more detail. Property Investment in Glasgow — Area by Area Glasgow Fast Facts Population: 633,120 (2019) House Price Avg: £193,000 (2020) Monthly Rent Avg: £636 (2020) Rental Yield Avg: 7.8% (the UK average is 4%) 1. The City Centre Home to both traditional properties and modern new-builds, Glasgow’s city centre boasts plenty of choices, no matter your target market. Although many people working in the centre prefer to live outside of its boundaries, many more call it home. This is especially true of Glasgow’s student population. The fashionable Merchant City is worth exploring if you’re looking to rent to young professionals, while areas like Townhead, Charing Cross, and Cowcaddens are all within walking and public transport distance of the city’s universities. 2. The West End The best West End estate agents rarely have trouble letting properties in this stunning part of the city. Popular with young families thanks to its green space, young professionals thanks to its transport links, and students, thanks to its bars, cafes, and proximity to Glasgow University, demand for rental properties here is through the roof. Of course, this level of demand has a knock-on effect, with many of the properties in the West End among the most expensive in Glasgow. But if you find something that works for your budget, you could be onto a winner. Consider areas like Hillhead, Kelvinside, Dowanhill, Yorkhill, and Partick for any of the target markets mentioned above. 3. The East End Home to Dennistoun, recently named the 8th coolest neighbourhood in the world (the WORLD!), the East End of Glasgow is chock-full of character. From the iconic red sandstone tenements to thriving independent businesses, the East of the city is particularly popular with students and young families. Thanks to regeneration activities brought about by the 2014 Commonwealth Games, the East End is beginning to catch up with other parts of the city after years of neglect. Yet it remains cheaper than the city centre and the West End, so you could nab yourself a buy-to-let bargain. 4. The Southside When you venture south of the River Clyde, you’ll find a mixed bag of property investment opportunities. A traditionally industrial area of the city, riverside regeneration has brought a modern feel to many areas, while others remain affected by social problems. Areas like Govan, Ibrox, and the Gorbals offer a variety of affordable property types boosted by vital transport links. Meanwhile, the likes of Shawlands, Newlands, Queens Park, and Langside have a trendy vibe popular with young families and professionals. These properties are pricier, but always in demand. Cairn: Property Investment in Glasgow Whether you’re looking east, west, south, or central, you’ll have plenty of choice in Glasgow Do you want to learn more about investing in buy-to-let properties in the city? Get in touch with our property investment experts today. We’re here to help!
