One of the key things investors need to be aware of is energy efficiency. With higher living costs, many tenants are looking for properties that allow them to spend less on energy bills.
Energy-efficient properties can include double or triple-glazed windows, insulation around the hot water tank, solar panels, smart meters, heat pumps and more.
According to Rolande, homes in rural areas are less energy efficient due to the higher costs of installing eco-friendly technology and features.
If you want to buy a property that solves energy-efficiency issues, look at city centre apartments, particularly new buildings.
Consider The Gateway in Liverpool, an upcoming project by Legacie Developments.
This property uses state-of-the-art eco-technology, including PV array solar panels and mechanical ventilation heat recovery systems, to produce electricity and substantially lower heating expenses. In addition, investors also benefit from a reduced service charge, making it an attractive option for the increasing number of environmentally conscious tenants.
Read More: For more property investment insights, check out our guides on how to buy Airbnb property and buying property through a limited company.