Making sure your potential investment is located in a good area is critical for successful buying, selling and renting. The key is to ask the right questions to get the facts about the areas you wish to invest in. Below are a list of questions you should find the answers to in establishing a sound location for your investments.
• How well is the local area serviced by transport i.e. motorways and train stations?
• Which schools are within the catchment area?
• Are there any plans for major regeneration in the near future?
• Is the local economy dependent upon a major manufacturer?
• How close are the major retail parks?
• How close is the city centre?
• How easy is it to get to local amenities like libraries, leisure facilities, parks etc?
• What is the level of crime in the area?
• Is the area predominantly rental or owner occupiers?
• Is the area vulnerable to flooding?
• Is there an over supply of a particular type of housing in the area?