Property Selection - Due Diligence

Once we have decided a particular location is right for property investment we then have to decide which particular properties are best for sound investments. We have in place a system that enables us to select the very investment properties available whilst discarding the properties which do not meet our strict due diligence research. For commercial reasons we can not divulge our full system but rest assured it has been finely tuned with the experiences gained over many years, of both buying and selling investments properties, by our directors. The important headings are:

Aspect of Research Due Diligence investigation
Legal aspects Can we guarantee all legalities are in place to ensure full ownership free from all encumbrances
Planning Permission Is firmly in place and the property has been built to the plans submitted?
Experience Of the builder or estate agent that we are dealing with? Do they have a history of delivering this quality of product on time and to the right specification?
Price Comparison to other similar properties in the vicinity?
Supply and Demand Can the area sustain demand for the planned development supply?
Quality Are we happy with the specifications and build quality?
Re-sale demand Will the properties be easy to sell on ?
Accessibility Distance and ease of travel from airports and amenities?
Capital Gain History
and Forecast
What has been the recent movement in prices and what is the forecast for the future?
Rental demand What is the current and likely future demand and rental figures being obtain for similar properties?
Purchasing Deal Is the purchase deal attractive in terms of discount, low deposit, rental guarantee and/or other package from an investor’s point of view?

Finally
Would we stay in the property?
This is a subjective view point but one that we always take time to consider. All the due diligence in “numbers” may be very positive but the litmus test is “do we like the property enough to stay in it”? If we can answer “yes” then we are happy that others will also and we are finally ready to recommend the properties to our investor clients.

“Over the years I have resisted the blandishments of many overseas property companies seeking to have their wares displayed at my office but having seen what Invest in Property 4 Less have to offer I am happy wholeheartedly to endorse their service.”
“Having for many years been looking for an investment property in Spain and having viewed properties in Costa del Sol and the Costa Blanca with many agents large and small, I am overjoyed to have found a local agency I could trust. ”
- Stephen Price