The nuts and bolts of property investing in 2017

There is no such things as risk free investment, but property investment is still considered a safe haven and a more attractive option, compared to other asset investments. However, property investment is increasingly becoming the realm of the professional investor, with the accidental success of amateurs becoming less commonplace.

With this said, there is still a housing supply crisis, the highest number of first time buyers in nearly a decade, increased demand for rental properties and property prices continue to rise. A general consensus of UK property market commentators predict a rent rise of 2-3{1973852c3d03fa9c7b89cf4e32c90950349d2a7529a1646edaa4b9e79bec0c07}.

This shows that property investing in 2017 could be lucrative, as long as you understand the nuts and bolts of property investing.home

Property investing education

This leaves new would-be property investors and buy-to-let landlords with an education deficit. This deficit will have more weight placed alongside it during 2017, with tougher affordability checks for buy-to-let mortgages and the commencement of the phased roll out of tax relief reductions on mortgage interest.

Attending a property training course or seminar is an essential first step in learning the nuts and bolts of property investing in 2017. Many of these do not demand an attendance fee and can be a useful networking event that can put new property investors in touch with mentors, development finance and joint investors.

To be successful, new property investors will need to learn everything from how to create an investment plan to understanding the implications of the addition of Stamp Duty on second properties, introduced in April 2016.

With taxation under Section 24 changing for individual landlords, you will need to know whether you should buy as an individual or company and consider the pros and cons of single lets versus Houses in Multiple Occupation (HMO).

Understanding where the property market is heading is essential and becoming a successful property investor in 2017 will largely be aided by having the right strategy and the right support.