According to the latest figures, parents are willing to spend out considerable sums of money to ensure their children get into the right school. As such, landlords with houses in popular catchment areas are enjoying higher than average rental yields; proving just how lucrative it can be to cater for the family rental market.
If you’re thinking of investing in buy-to-let property for sale, then renting out for families with kids, here are some important things to consider.
Renting to Families – The Importance of the Local School
Reports show that a quarter of British families will move house to make sure they’re within the right catchment zone. This is often despite added financial pressure – which highlights just how important schools are to parents that rent.
When considering which area to invest in, do your research. Get online and read the latest Ofsted reports. Find out which schools are over-subscribed. Talk to local parents if possible, to get the insider’s view as to which schools are desirable. In short, take the time to swot up carefully; as choosing the right area could result in serious financial rewards.
Other Factors That Appeal to Families
It’s not all about the school. Here are some other things that renting families value:
The Buy2Let Shop
If you’re thinking of investing in UK property, and want to find out more about choosing the right buy-to-let property for sale, get in touch with The Buy2Let Shop. Our team of property investment agents are on hand to help with all aspects of your investment, including buying a house at auction. To find out more, visit The Buy2Let Shop website today.