The Ideal Location For Care Home Investments In The UK

Why Are Care Homes Good Property Investments?

Care home investments are one of the quickest growing sectors in property investment within the UK property market. Many investors are seeing the traditional buy-to-let market decline in demand, consequently giving investors a lower rental yield than ten years ago. Because investors are always looking for the most profitable investments, many have decided to venture out and diversify their portfolio by investing in a care home unit.

Care Homes Are High Yielding Investments With 10% Net Yields Annually

The Health and Social Care Industry is worth billions, which further confirms the high demand for care home properties and residential retirement homes. The demand is so high because the UK is experiencing the effects of an ageing population. The life expectancy has increased over the years and the UK has had to adapt to these changes by giving retirees more options when it comes to residential properties and specialist health/social care. The best option for the rising demand is to build more care homes to cater to the older demographic across the country.

Because the demand is so high, investors and developers are seeing a gap in the market. There aren’t enough residential options for pensioners who want independence, but still need care. Although the demand for care homes is acknowledged, the NHS hasn’t been able to keep up with the elderly’s needs.

As a result, private investors are putting their money into care home units to get a rental income from a high demand property. The high demand and low supply means the industry is less competitive and the rental yields per annum are very high at 10%. For an investor used to average buy-to-let yields of 5-6%, this is a massive opportunity for high profits.

care home investment

How To Find A Good Care Home Investment Location

When it comes to care homes, the location is very important. With such a specialist commercial investment, it will only be successful if you choose an ideal location for your property. For a care home investment, the most ideal location will have:

  • A high population of elderly people (over 65’s)
  • A high demand that is not being met (not enough care homes in the area)
  • A good quality care home development that appeals to the elderly (generally countryside locations near the coast)

A lot of the times, a new investor will assume that they can make the most return on investment by purchasing at a cheap price. You can purchase at a low price, but because you didn’t consider location there may not be any tenants at your door, reducing your chances of making a profit even more. However, if you consider location and how it will affect your prospects and in turn, your income, then you will see that the cheapest property won’t mean the most profit.

Locations such as the south west, more specifically Cornwall, Devon and Somerset have a high population of elderly residents. Out of those many people, there will be a lot who need health or social care as well as their own place that is provided in care homes. Areas such as Manchester and Liverpool (where student and buy-to-lets are popular) won’t have the same demand for care homes because there are a higher density of young people populating those areas.

Where To Invest In A Care Home

If you are experienced in property investment, you may have a contact with a developer or other investors who can get you care home investment opportunities. In this case, you won’t have to go far. For those who are less experienced in property or are new to care homes investments, you will need the help of a property investment company. A property investment broker will be able to offer you valuable investment opportunities without you needing to deal with the ‘middle man’.

A property investment company will give you investment opportunities at a discounted price. This is because all the maintenance, repairs, tenant sourcing, and health care is included in the investment price. For a fixed amount, you can have a long-term, high yielding, hands-free investment.

Because the property is for elderly people, the care of the tenants won’t be your responsibility. There will be trained staff hired to look after the residents, maintenance, medical, repair and operating costs.

A care home investment will make a good addition to any property portfolio, especially for those looking to diversify. A care home can be a good alternative to buy-to-let which are decreasing in rental yield as property prices increase. A property broker can give you information on the financing, deposits and legal requirements involved with this type of investment.

How To Find A Good Deal On Care Home Investments

A care home investment is much less popular than a traditional buy-to-let investment so you may not know someone who can get you a care home unit to invest in. However, that doesn’t mean that there aren’t any care home investment units on the market. A lot of property investment companies will realise the potential in a care home investment, so they offer profitable deals to their clients. The key is to find a property investment company that you can trust.

A property broker that specialises in commercial property investments is a good place to start. Care homes are a specialist commercial investment, so you need to go to a property investment company that covers those types of investments. They will be able to give you professional advice on care home investments as well as the profits you will receive, the property management involved, the legal paperwork needed and more. Also, they will be able to tell you about the exit strategy, which includes selling the property if the time comes.

Once you have chosen a property investment company that you can trust, you should be able to explain what you are looking for in the investment whether it is a passive income, more money aside for your retirement, or an investment to pass on to your children. Once you both have a grasp of the investment, you can begin the exchange of contracts and the keys will be yours.

What to Consider when Hiring an Property Management Company

A. Oxley & Son Building Contractors Ltd

Builders in Manchester
112 Urmston Lane
Stretford, Manchester,
M32 9LN
UK
Phone: 0161 635 2016

 

Tips For Finding The Right Estate or Property Management Company


There is no dearth of property management companies advertising their services but choosing the right property management company is not an easy task especially for those who have never hired the services of an property management company. Here is a list of some of the factors you need to consider to ensure that you have chosen the right company for managing the estate.

On of the most important things you need to consider is the knowledge of the local market. If the professionals working in the company have no knowledge of the local market, they won’t know the exact things that tenants are looking for. A professional company that has a lot of experience in this area will be aware of the various factors that tenants usually look for when renting a property.

The professionals in these companies should have the experience and knowledge to make some smart recommendations to cut down on the cost and increase the rent rate thereby leading to increase in overall return. The main goal of the management company is to ensure that the property remains competitive in the market.

property management company

You should also ask the property management to give you the name of at least three references. After all, no one else can give you a better picture of the service offered by the company than a current client. Ideally, the management company should give you name of at least three clients with similar type of properties. It is important that you get in touch with these clients and ask them about their experience of working with the management company. This will give you a good idea of the strengths as well as weaknesses of working with the management company.

Customer service is extremely important as you will need to get in touch with the manager on a regular basis. Some of the management companies are never available when you need them the most. It is important for a management company to keep you informed and maintain constant communication. The manager should keep you apprised of the happenings in the market and the way property is being managed.

Since these management companies usually collect rents within the first five days of each month, it should hit your account within a short period of time. Some of the management companies collect the rent but do not deposit it in the account of the property owners for some time. In other words, the money that belongs to you earns interest for the management company instead of earning money for you. Therefore, you should really ask the management company when they are going to deposit the rent money in your account.

A management company also needs to have good accounting practices as you will need the income and expenses for filing the taxes. All the income, cash flows and expenses should be easily available to ensure that you can properly file the taxes.

Overall, these are some of things that you need to consider while hiring the services of an property management company. A Manchester building company will help you get your property managed.

Essex Plumbing And Drain Services From A Professional

DrainFix Services Ltd

Drain Experts in Essex
Unit 11,
Robjohns Road,
Chelmsford, Essex,
CM1 3AG
UK
Phone: 01245 403057

 

 

Many industrial places and residential houses in Essex have trouble with clogged drains. Clogged drainage may be caused by excessive hair, grease, opinion, soap scum, and many numerous reasons. A clogged drain can really hinder your plumbing system, and may result in foul smells along with other inconveniences. As opposed to letting your drains get completely clogged and from control, call your plumber to go over drain cleaning solutions. Unclogging your drains may be a simple job for a plumber and they might have the knowledge to do it securely and properly. A lot of the procedures that are used to purge drains are quite safe not only to individuals and creatures, but also safe into the environment.

No severe chemicals can be poured down your drain nor can any other dangerous methods be utilised. Plumbers have developed very safe methods of clearing completely or partly clogged drains. Many of those methods may include utilising sodium carbonate, Saleratus, or the method may simply involve a bodily removal of the congestion. When your drain is totally clogged, and it looks like nothing will help, one support a plumber can supply is to disassemble the whole drainage system, and clean it out so. This is earmarked for just extreme cases of clogging. In some industrial institutions, big drains may require chemical industrial remedies, however this is earmarked for worst case situations only.

essex plumber

Your plumber will constantly try the most effective and safe method before leading to more aggressive means of unclogging your drains. Most individuals will of trying to unlock their drains without so the help of a pro, with conventional products, however this frequently doesn’t work properly. Typically this will partly free the drain up, but not totally fix the problem. To save your plumbing pipes, it’s best to consult a pro. Using professional solutions can also help you from having to constantly try and unclog your drain, wasting a ton of cash on products you find at so the store. Preventative measures can be taken to help keep your drains from clogging. You can rent a plumbing service which comes in a keeps your whole system running properly in order that you conserve money on your water bill and conserve money on pricey repairs down the road. An Essex plumbing company can help you with any plumbing repairs you may need.

Common Basement Waterproofing Problems

UHM Basements Limited

London Basement Company
Unit C220A,
Trident Business Centre,
89 Bickersteth Road,
London,
SW17 9SH
UK
Phone: 0208 516 7751

 

A wet or leaky cellar and cellar flooring can be a problem. Do you know the kind of foundation wall that you wwill need and which materials you will need? There are various potential ways that water may get in and flood or wetting only the basement floor regardless of foundation type. There are ways that water flood or wet the cellar floor Irrespective of base type and can get in. Basement waterproofing solutions ensure the prevention of damp walls and basement flooring and solves the water problems.

What’re the components that create or contribute to a water problem or flooding in the cellar? Build-up of water around the walls and floor of the cellar or semi-basement that may happen because of static strain is a factor in whether your cellar flooring become wet and damp or will remain dry. This unseen and unobserved water build-up causes upward strain on the base. This strain causes water to be pushed through the base to seams and cracks. Static pressure on the cellar foundation’s end result is a basement flooring. Wet basement floors due to This Sort of problem can be solved with even a cellar drainage system or a sump pump.

Basement waterproofing

With a deluge of rain, all of that water runs directly for the cracks in dry, compact soils. The dried out ground isn’t capable of handling the sudden influx of water and provides very little absorption until it really becomes wet and almost saturated. Regardless of what kind of foundation you can have, it might be predisposed towards cracking and that might make it susceptible to water intrusion. Poured concrete has enhanced the quality of basements over the past sixty years. Poured concrete does tend to crack.

Foundation cracks are perfect paths for water, soil gases, insects, etc. Since foundation and floor cracks may create a real difficulty in the basement, it’s never a bad idea to have the cracks professionally sealed. Basement windows, particularly those below grade come using the high likelihood that water can fill the exterior wells and lead to water infiltration throughout the windows. This kind of issue can be addressed using a brand new window well or exterior drainage. It’s best to have one of our staff come out and execute a cellar assessment to determine the best course of action.

Home Organisers

 

If you have clutter of any form in your home, you can be certain that you have some junk that you can get rid of. While it may not seem like ‘junk’, it may no longer be useful and holding onto it can be deadly, because you don’t know if you will ever need it again. Making the decision to get rid of your old things is actually one of the hardest challenges of decluttering. Like most people, you are probably having trouble with throwing away something you spent your hard-earned money on. On top of that, you may not want to throw things away because they hold more than monetary value, they hold sentimental value. These real and valid feelings make it challenging to part with our things.

This is where a professional organiser comes in. Home organisers understand the feelings of stress, frustration and anxiety of getting rid of old things and can help you get through the process of organising your home in a way that suits you. A home organiser can work around you and your goals, whilst giving you a new perspective into organisation and decluttering.

A team of professional home organisers can help you tackle the clutter with the following tips:

The 80/20 Rule

With many things including clothing, books, DVD’s, toys and many more, we generally only use 20% of what we own 80% of the time. The rule helps you to figure out what you don’t use 80% of the time to prioritise what you should keep and what you should give away.

Does It Still Work?

If you have items that you haven’t used in a while or once loved, find out if it still works and can be used. If there are missing parts, broken pieces or it has no use, then they should be thrown away. If it can be fixed, then you should fix it now rather than letting it sit in your house to collect dust. home organisers

Think About When You Last Used It

Many of our belongings are from impulsive purchases or only have a onetime use. In these cases, you should probably get rid of it, unless you are certain that you will need it again in the near future. If you find something and think to yourself, “I’ve been wondering where this was”, or “I didn’t know I still had this”, then it is a sign that it needs to be gotten rid of.

Clear Flat Surfaces

Areas in your home like counter tops, desks, tables, shelves, and TV stands are places where a lot of clutter can build up without you realising. You may place something on your desk and forget that it is there, never coming back to it again. These clutter-magnet areas pile up with mail, bills, magazines, cups and random junk that have no other place in your home. Although it is alright to have a few things on your counter tops – after all that’s what they are for – freeing up space will allow you to use the area in a more productive way.