iiinova — where your digital self keeps evolving

ThatPropertyFellow @thatpropertyfellow.bsky.social · 05/01/2025

The 3rd Sunday Dream Home (SDH) sees us travel to the tropical waterfront of Miami, FL, with this $135mil, 11,855 sq ft architectural masterpiece. 13 beds, 18 baths, direct ocean views & the finest amenities the world has to offer. Your dream home? 🏠🔑 www.zillow.com/homedetails/...

zillow.com

3585 Anchorage Way, Miami, FL 33133 | MLS #A11614931 | Zillow

This 11855 square feet Single Family home has 13 bedrooms and 18 bathrooms. It is located at 3585 Anchorage Way, Miami, FL.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/12/2024

2nd instillation of Sunday Dream Home is this spectacular $150,000,000 (🤯) 11,535 sq ft duplex penthouse in New York, where you can have a bath at 1,386 feet overlooking Central Park! 🤣 What would you change to make it your home?! 🏠 www.zillow.com/homedetails/...

zillow.com

217 W 57th St #127/128, New York, NY 10019 | MLS #S1710866 | Zillow

This 11535 square feet Condo home has 8 bedrooms and 10 bathrooms. It is located at 217 W 57th St #127/128, New York, NY.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/12/2024

Introducing Sunday Dream Home! Each week I will showcase a stunning property to inspire and motivate. First is this 4,400 sq ft beauty in London with swimming pool, sauna, gym and tennis court: rightmove.co.uk/properties/141… What are some of your dream home features?! 🏡🔑

rightmove.co.uk

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 10/12/2024

EGs closure a shame, but opens opportunity for new media coverage of UK commercial real estate news. www.egi.co.uk/news/eg-anno....

egi.co.uk

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 03/12/2024

10. Location, Location, Location: Always consider the location and market conditions. What adds value in one area might not in another, so research local house prices and buyer preferences, and seek advice from local agents.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 03/12/2024

9. Energy Efficiency: Improving your home's energy efficiency, such as adding insulation or upgrading to double-glazed windows, can make it more appealing to buyers and increase its value.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 03/12/2024

8. Smart Home Integration: Incorporating smart home technology can make your property more attractive to tech-savvy buyers and add value.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 03/12/2024

7. Adding an Extension: Whether it's a double-storey or single-storey extension, adding more square footage can increase your property's value by up to 20%.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 03/12/2024

6. Restoring Period Features: If your property has period features, restoring them can add up to 30% to its value. This includes fireplaces, cornices, original floorboards, and wooden beams.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 03/12/2024

5. Kitchen Renovations: A new kitchen can significantly boost your home's value. Updating worktops, cabinets, and flooring can add around £15,000 to the value of a property.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 03/12/2024

4. Garden Rooms: Adding a garden room can provide extra living space and add around £10,000 to the value of your property. It's a great way to extend your home without the need for planning permission.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 03/12/2024

3. Open Plan Living: Knocking down walls to create an open plan kitchen and dining area can add substantial value. It's not just about the added space, but also the modern, spacious feel it gives to the home.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 03/12/2024

2. Off-Street Parking: This can add significant value, especially in city locations. Buyers often see off-street parking as a must-have, and it can make or break a sale.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 03/12/2024

1. Loft Conversions: Adding an extra room in the loft can increase your home's value by up to 15%. It's a great way to create more living space, especially in urban areas where space is limited.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 03/12/2024

🏡 Property Development & Adding Value 🏡 Looking to add value to your home? Here are some of the improvements that can add the most value…

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

Development can certainly be another great avenue for additional income if you’re able to take a more hands-on approach! More skills, awareness and knowledge required for redevelopment projects, but that’s why there can be greater returns. Something I’ll certainly talk about more in the future.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

14/ Questions about Buy-to-Let? Drop them below, and I’ll do my best to help. Or share this thread with someone curious about property investing in property! 💬

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

13/ Thinking of Starting? Here’s your to-do list: 1️⃣ Research target areas. 2️⃣ Use online tools (e.g., Rightmove, Zoopla) to assess property prices and rental yields. 3️⃣ Consult a mortgage broker and tax advisor for guidance. 4️⃣ Start small and scale as you gain confidence.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

12/ Is BTL Still Worth It in 2024? Despite taxes and regulations, BTL can still be profitable if approached strategically: ⁃Do thorough research. ⁃Run the numbers carefully. ⁃Plan for the long term. It’s not a get-rich-quick scheme but a stable, long-term investment.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

11/ Diversification Instead of pouring all your resources into one property type, consider: ⁃Investing in different regions ⁃Exploring property types like HMOs (houses in multiple occupation) for higher rental yields. This spreads your risk and can boost returns.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

-Tenant problems: Non-payment or damage can be costly. ⁃Regulatory changes: Laws around energy efficiency (EPC ratings) and tenancy agreements are tightening.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

10/ Risks to Watch Out For BTL has its risks, including: ⁃Interest rate rises: Especially relevant now with rates climbing. ⁃Void periods: Keep a financial buffer for empty months.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

9/ Self-Managing vs Letting Agents You can either manage the property yourself or use a letting agent. ⁃Self-managing: Saves money but takes time (you’ll handle finding tenants, maintenance, and legal issues). ⁃Letting agent: Costs ~10-15% of rent but saves you hassle.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

Aim for at least 6-8% gross yield, and remember to consider costs like maintenance, agent fees, and insurance.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

8/ Rental Yield: The Key Metric Rental yield shows how profitable your property is: Yield = (Annual Rent ÷ Property Price) x 100 Example: A £200,000 property renting for £10,000/year gives a 5% gross yield.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

7/ Choosing the Right Property Research is essential. ⁃High demand areas: Look for cities with strong rental markets ⁃Proximity to transport and amenities: Tenants love convenience. ⁃Property type: Flats, terraced houses, and HMOs all appeal to different tenants

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

⁃Mortgage Interest Relief: Only a basic-rate tax credit (20%). ⁃Income Tax: Rental profits are taxable at your income tax band. ⁃Capital Gains Tax: Up to 28% when selling the property. An accountant can help you structure your investments tax-efficiently.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

6/ Watch Out for Taxes! UK BTL investors now face a tougher tax environment: ⁃Stamp Duty: A charge on top of standard rates for second homes. What you’ll pay based on purchase price: £0 - £250,000 - 5% £250,001 - £925,000 - 10% £925,001 - £1,500,000 - 15% £1,500,001+ - 17%

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

5/ Mortgages BTL mortgages in the UK typically: ⁃Require a 25% deposit. ⁃Are based on your expected rental income, not personal income. ⁃Have higher interest rates than residential mortgages. You’ll need rental income to cover 125-145% of the mortgage payments.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

4/ The Challenges of BTL BTL isn’t without risks. You’ll face: ⁃High costs (interest, maintenance, agents fees). ⁃Void periods (when the property is empty). ⁃Taxes (stamp duty, income tax, capital gains). ⁃Regulations (energy efficiency standards, tenancy laws).

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

3/ Why Invest in Buy-to-Let? ✅ Steady Cash Flow: Regular monthly rent. ✅ Property Value Growth: House prices historically rise long-term. ✅ Pension Alternative: Many see property as a stable retirement plan. ✅ Leverage: Mortgages let you invest with less upfront capital.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

2/ What is Buy-to-Let? BTL means purchasing a property with the intention of renting it out. You make money from: ⁃Rental income l. ⁃Capital growth (the property increasing in value over time). Let’s explore why it’s such a popular investment strategy.

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 29/11/2024

1/ Considering Buy-to-Let (BTL) investing? 🏠💷 It can be a great way to earn passive income and build long-term wealth. But it’s not as easy as just buying a property and collecting rent! Here’s what you need to know. 🧵👇

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 27/11/2024

For anyone unsure what capitalisation rate is: Cap rate = Net Operating Income (NOI) ÷ Property Value. It’s a key valuation metric showing the % return on investment. Higher cap rate = higher risk/reward, lower cap rate = lower risk/reward. $50K NOI ÷ $1M value = 5% cap rate.

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Jonathan Miller @jonathanjmiller.bsky.social · 25/11/2024

The 30-year was 7.29% a year ago and 6.08% but poised to fall just two months ago. Lots of volatility #bringbackboring

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Beth Underhill | Investing with Beth @investingwithbeth.bsky.social · 26/11/2024

You don’t need all the answers to start in real estate. You just need the drive to learn and the courage to take the first step. 🌟 #startsmall #realestateinvesting

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 26/11/2024

Nimbus is great, Landstack is another good one for developers

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Mayor of London, Sadiq Khan @london.gov.uk · 25/11/2024

The housing crisis in our capital impacts not just people on the lowest incomes but also London’s key workers, like our nurses, teachers and bus drivers, who struggle to meet high housing costs. By introducing new rent-controlled homes, key workers could save up to £600 per month on their rent.

standard.co.uk

Sadiq Khan unveils his plans for 'key worker' rent-controlled homes

Londoners with household incomes of less than £67,000 per year would be eligible for the homes, with rent increases potentially pegged to wage rises

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ThatPropertyFellow @thatpropertyfellow.bsky.social · 24/11/2024

Real estate isn’t just bricks and mortar - it’s a chance to grow wealth, income, and increase freedoms. Let’s discuss, share insights and expand knowledge on all things property.

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