FIND YOUR NEW HOME BUYING WITH US OUR CUSTOMERS SCHEMES BE INSPIRED CHARITY CONTACT US FIND YOUR NEW HOME Development list by region HOME/ BUYING WITH US/ INVESTMENT OPPORTUNITIES INVESTMENT OPPORTUNITIES Whether you’re looking to buy a second home, a home to let or strengthen your investment portfolio, property offers many long-term investment opportunities. Whether you’re buying your second home or your adding to an already vast portfolio, investing in property requires a methodical and calculated approach together with a clear strategy. Although there are no hard and fast rules to property investment there are a number of actions you can take to improve your success rate. Below are four areas worth considering before you take on the responsibility of an extra home, each designed to maximize your return, drive growth, and make your investment worthwhile. RESEARCH YOUR MARKET AND LOCATION If you're looking to rent your property, location is everything. Before you buy, it pays to get to know a little more about the area you are interested in. That includes finding out more about the rental market and your prospective tenants. It's also worth looking at the competition and the homes already available to rent. This will give you an idea of the average rent and type of property the area’s tenants are interested in. It will also give you a clearer steer when it comes to furnishing your property. DON’T UNDERESTIMATE THE COST OF OWNERSHIP Buying a new home can be more expensive than you think. If you need to arrange a mortgage you'll need to factor in arrangement fees, stamp duty and all of the other costs associated with buying a new home. If you're looking to rent or own a second home for a long period of time, it's important to factor in ongoing maintenance costs, before you buy. You'll also need the funds to cope with major repairs, such as a new central heating system or a leaking roof. IMPROVE YOUR CREDIT RATING Reducing your reliance on credit cards and loans is not only good for your cash flow, it could help improve your credit record and make it easier to secure loans and mortgages in the future. YIELD IS KING As every successful property investor will tell you, your yield, or return on investment, is key. Before you buy any property you should do a few simple calculations. These should cover the following areas: Your projected annual rent The home purchase price Your initial acquisition costs Your initial deposit Your projected interest charges from any loans or mortgages Any expenses incurred in securing tenants, maintenance, and administration Any tax you will be liable for as a result of your investment To find out more about current investment opportunities and our full suite of investor services, please speak with a sales advisor. There are a host of reasons buying a new-build can make sense. LINKS RELATED TO THIS PAGE Top Ten reasons to buy a new home RELATED PAGES YOU MIGHT LIKE First time buyers Persimmon Pledge Your mortgage options Your buying journey Moving in day Solicitors, contracts and completions FINISHING TOUCHES Create a look that's as individual as you are. Add the finishing touches to your Persimmon home. Find out more SUPPORTING YOUR COMMUNITIES Our Community Champions programme was established in 2015 and has already donated more than £3 million to over 3,500 good causes across Great Britain. Every month whilst the programme is running, our 32 regional businesses together give away 64 donations of up to £1,000 each. It's easy to apply for your local good cause. Persimmon Homes is delighted to be joining forces with Team GB: the Great Britain and Northern Ireland Olympic Team run by the British Olympic Association, to give away an amazing £1 million to support children across England, Wales and Scotland. Building Futures Our hugely successful Community Champions programme has already donated more than £1 million to good causes in England, Wales and Scotland. Every month we give away 60 donations of up to £1,000 each to local groups and charities. Community Champions SHOWCASE YOUR STYLE Why not share your own photos on Instagram using #lovemypersimmonhome for a chance to win a £100 Next voucher. Visit our Facebook page for terms and conditions. #lovemypersimmonhome Powered by Curator.io FIND YOUR NEW HOME Development list by region Find your new home Buying with us Finishing Touches About Persimmon Our Customers Corporate Careers Leasehold News Privacy Policy Accessibility Emergency Cookies Modern Slavery Statement 2021 Consumer Code Terms & conditions Images shown are for illustrative purposes only. Elevations and treatments may vary. The prices shown are correct at the time of being published but are subject to change without prior notice, please contact our Marketing Suite for accurate price information. Site layouts are intended for illustrative purposes only, and may be subject to change, for example, in response to market demand, ground conditions or technical and planning reasons. Trees, planting and public open space shown are indicative, actual numbers and positions may vary. Site plans does not form any part of a warranty or contract. Further information is available from a site sales advisor. The dimensions shown are approximate and the precise measurements may vary. For full details on the HM Government-backed Help to Buy: Equity Loan scheme please visit www.helptobuy.gov.uk. Every effort has been taken to ensure the information provided here is accurate however, particulars regarding local amenities and their distances are for general guidance only. Where schools and other educational facilities are mentioned they are intended to highlight their distance from the development and don’t represent a guarantee of admission or eligibility. Travel times and distances assume journeys are made by car. Times are likely to vary according to travel conditions and time of day. Copyright 2021 Persimmon plc. All Rights Reserved. Persimmon plc, Registered Office: Persimmon House, Fulford, York UK, YO19 4FE. Registered in England No. 1818486