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What are the Best Things to Invest in Right Now?

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    A Guide to the Best Investments to Make in 2024

    As we enter a new year, you may find yourself looking for alternate ways of making money. Many make resolutions to earn more, and quite often, having a passive income is a great way to do this while saving you time.

    Investing in property is a great way of doing this. There are numerous ways you can invest money into properties, and which method you choose will depend on your goals, the amount of money you want to invest, and how long you want to invest.

    The UK entered a period of economic uncertainty in the final months of 2022 that has continued well into 2023/24.

    Therefore it’s more crucial than ever to be cautious when investing. There is no risk-free property investment strategy, so learning about different ways of investing is important before putting your money anywhere.

    With that in mind, we’ve put together this handy guide to help you understand some of the best things to invest in right now and how suitable they may be for you.

    We’re going to rank some of the most popular investment methods based on their affordability, their potential for returns, the time it will take to see significant returns, and the risks that you may face.

    So, if you are wondering what are the best things to invest in right now in the UK, look no further!

    Please note this is intended only as guidance and general information, not financial advice. Talk to a financial advisor if you are looking for details specific to your financial situation or investment advice tailored to you.

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      Buy-To-Let Investment Properties

      Cost: 3/5
      Potential Returns: 5/5
      Time to Earn Returns: 4/5
      Risks: 1/5

      In our opinion, investing in buy-to-let property is one of the best things to invest in right now in the UK to make long-term passive income while avoiding unnecessary risks.

      You can earn money from investment properties through two main methods. The first is rental income, where you collect rent from tenants living in your properties. This provides you with a consistent monthly income, which you can earn without doing much work, if any.

      You can earn rental income as soon as tenants move into your property. With the high demand for rental properties we are currently seeing, matched by a low supply, this is likely to be a short wait. The Guardian reported in November 2022 that demand had risen by 23% in the past year alone!

      The second way you can make money is through capital appreciation. Property tends to increase in value over time, so by the time you choose to sell your investment property, you will likely be able to make a significant profit compared to what you originally bought it for.

      Thanks to these two methods of earning returns, investment properties offer the benefits of both a regular passive income and major profit in one go, something that few investment strategies, if any, can also give you.

      There are multiple other benefits to establishing a buy-to-let investment property portfolio, making the method stand out from more common forms of investing.

      If you want to be hands-off with your investment, you can hire a property management company that will handle the day-to-day running of your investment portfolio in return for a small cost of the rental income. This way, your investment properties will generate passive income and free you up to pursue other ventures.

      Because it is a physical asset, property tends to weather times of financial uncertainty in a way other investment methods struggle to. Recent events from the 2007 financial crisis to the COVID-19 pandemic to Brexit have proven that property bounces back faster and stronger than other forms of investing.

      Despite the political turmoil of 2022, the UK saw house prices grow by 12.6% from October 2021 to October 2022, according to the UK House Price Index. This is the most recent proof that the past performance of the property market has a track record of enduring events which would rattle the value of other types of investments.

      This means you have a level of security when investing in buy-to-let that you cannot rely on with other types of investing.

      In fact, as of October 2023, the UK property market reportedly began to be in a much better place, with Zoopla’s House Price Index for September 2023 recording a 12% increase in demand from buyers as a result of consumer confidence and improved market sentiment.

      There are multiple ways of purchasing buy-to-let properties that mean you won’t need to break the bank.

      One of the most common ways in which investors purchase property is by using a buy-to-let mortgage. This is similar to a regular residential mortgage, where you pay a deposit on the property and then pay the rest of the value off over time.

      However, the two big differences are that deposits for buy-to-let mortgages are usually higher than those for residential mortgages, so you will need more money on hand to borrow one.

      The second difference is that instead of paying off the remaining value of the property during the length of the mortgage, you instead pay off the accrued interest over time. Only at the end of the mortgage is the remaining value of the property touched.

      Due to rising mortgage interest rates, this is not as popular an option for investing in buy-to-let as it once was. Instead, many are choosing to invest in off-plan property.

      Off-plan properties are still in stages of development or construction when purchased, meaning you can secure the best units in development early to earn more rent down the line.

      This means you cannot usually start earning rental income right away, but you will likely save money as off-plan properties are often sold for below-market prices, meaning you can buy them for cheaper than fully-completed properties.

      Payment plans can also be set up when purchasing off-plan so that you can spread out the cost over time without having to worry about spending a large amount of money at once.

      As you can see, you can invest in buy-to-let property at a range of price points, and benefit from the unmatched combination of security and long-term returns that it provides, so if you are wondering ‘what should I invest in right now in 2024’, property may be your best answer.

      Please read our complete guides to learn more about buying UK property from the USA or overseas, how to build a property portfolio and the biggest investing mistakes to avoid

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      Short-Term Lets

      Cost: 3/5
      Potential Returns: 4/5
      Time to Earn Returns: 4/5
      Risks: 3/5

      Short-term lets can offer higher returns than other property investment strategies, but they also come with slightly higher levels of risk. Guests who stay in short-term lets, such as those found on Airbnb, are typically willing to pay more than tenants in long-term rentals. However, investors can still lose money if they don’t do their research.

      Investors must consider local short-term letting regulations. In most cases, you will need planning permission to rent out your property for more than 90 days per year.

      As with most property investment strategies, finding the right location is critical to short-term letting.

       If the property is in an area that’s not popular with visitors, it will be vacant for long periods, which will reduce overall yields and capital growth.

      Despite the higher level of risk, short-term lets can be a particularly lucrative property investment strategy, especially if there is a focus on the most popular hotspots.

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      Property Renovation (Buy-to-Sell)

      Cost: 3/5
      Potential Returns: 5/5
      Time to Earn Returns: 3/5
      Risks: 3/5

      Property renovation, or “buy to sell,” is another popular investment strategy. Unlike residential buy-to-let, this strategy involves purchasing a property at a low price and refurbishing it to increase its value.

      As with short-term lets, intensive research is the key to making money from buy-to-sell.

      Investors will need to understand the property market in their chosen area and be able to identify where property prices are set to grow through capital appreciation.

      You also need to know how to add value to a home, whether it’s through interior design, property trends, or more intensive renovations.

      Because of this, property renovation projects are usually taken on by property experts rather than beginners.

      However, property renovation can be a successful investment strategy if you carefully research and plan. Past investors have had a lot of success with this type of investment, and it’s a good option if you want to generate returns in the form of a lump sum.

      On the other hand, buy-to-let is often favoured over property renovation projects, as it allows you to make regular rental returns on top of returns through the sale of the property.

      So, if the amount of time and renovation work puts you off, you may find more success with those strategies with easier access points.

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        Eco-Properties

        Cost: 3/5
        Potential Returns: 5/5
        Time to Earn Returns: 4/5
        Risks: 2/5

        Investing in ecocentric properties is a growing trend within the UK property market.

        There are many ways to make your property investment greener, but the most common strategy is to buy a new-build property. New-build properties often have environmentally friendly features built-in, so you don’t have to worry about changing laws or future trends towards green households.

        Renters are also showing an increased interest in going green, and many tenants are willing to pay more to have eco-technology at the forefront of a property’s design.

        As our culture shifts towards one with higher eco-awareness, engaging with eco-properties could be considered as future-proofing your investment. Value is likely to increase in the long term, and investors will still see a steady flow of income for however long they keep the property.

        Predictions suggest that investors should see solid returns for many years, especially with in-demand buy-to-let investments like these.

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          Overview – What Is the Best Thing to Invest in in 2024?

          What Is the Smartest Thing to Invest in Right Now in 2024?

          Everyone’s investment goals are different. Each investor has their own budget, risk tolerance, and timeframe they want to work towards, and so they will be looking at different investment strategies from a fresh perspective every time.

          With that being said, we believe property offers the right combination of high returns, low levels of risk and long-term results to appeal to the vast majority of investors.

          Are You Interested in Property Investment?

          As one of the UK’s top property investment companies, RWInvest is at the forefront of the buy-to-let property investment scene.

          With over 18 years of experience in UK property investment, helping investors along every step of their investing journey, we take care of each individual investor who chooses to work with us thanks to our dedicated teams of staff.

          Our hard-working sales team find you the best options for your investment funds on the property market, often in buy-to-let hotspots like Liverpool and Manchester.

          Once you have made a concrete investment decision, our Post-Sales and Client Care teams guide you through the purchase and completion of your investment property, helping you to achieve your financial goals.

          If you are interested in learning more or investing today, contact our sales team to learn more!

          Alternatively, if you want to learn more about different ways of investing, try our free guide on how to invest £100k.

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          Author

          Reece Pape

          Reece Pape is a property writer at RWinvest. Reece is passionate about keeping property investors updated on must-have information and housing market news, utilising the latest property market statistics and data.

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            I can honestly say they have put my mind at rest from day one answering all my questions I had , true professionals, I am not experienced in buying off plan or for a rental income but I have to say the process has been smooth from sales to Chloe in client care and now I’m handed over to the final stage for the site visits
            I feel very relaxed and happy with how amazing the team have been. I I can’t wait now to see the end built ! Thanks 🙏

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            I have had the pleasure of experiencing exceptional customer service from RWinvest. Adam and Michelle were remarkable and were exceedingly supportive in facilitating the acquisition of two properties in Liverpool, at "The Gateway." Their guidance was instrumental in the purchase of the properties and I express my utmost satisfaction with their assistance, and I am inclined to not only endorse but also consider any property advertised by RWinvest.

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            I am very happy and satisfied with RWinvest. Their team was always responsive, supportive and friendly throughout my investment process. Thomas from RWinvest team was especially very supportive and he made sure that I have all the necessary information at the right time. He helped me with all my queries, and helped me to complete my investment process smoothly and with peace of mind.

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