There are many ways to make money from property, and in many cases your approach to maximising any investment will need to change as the economy does. For example, at the moment, you may make far more money by buying new property to rent out than you will through buying older properties and doing them up to sell on, and in the majority of cases the former option will be far less hassle.
No matter whether visiting estate agents in North West London to buy property to let is the most economically attractive solution or whether you simply wish to buy a portfolio of property to develop and sell on, the most important thing to look at will be location. It is worth remembering that the best deal won’t necessarily be the property that is the cheapest, but instead will be the one offering you property in a promising area that will be attracting more and more people over the coming years. This can be even more important for those looking to rent our property since the cost of rent in a developing area can jump a huge amount in a very short space of time.
For those who have no experience with the property market other than moving from one place to another, it will also be important to start small to test the water. Rather than giving over vast amounts of money to a property developer, it will make far more sense to buy one or a very limited number of properties from estate agents in Central London. Not only is this going to limit your potential loss if you get things wrong with your first investment, but it will also allow you to see if the approach of making money through property is right for you, and to see if the work involved is something that will ultimately appeal to you in the long term.