Working from home driving me mad (invest in office space)? Rent out?

[The Byre]

GROAN!

 

[fisicx]

Flossy is recompensed with greens. Her favourite. Janet on the other hand prefers shoelaces. She is a strange chicken. But offers sound financial advice. Margot and Audrey don’t add much but Dove is great at JavaScript.

 

[m4hmo]

Hi, sorry been on a holiday so a little delay in replying. Yes, I have site visits probably 2 days a month on average I would say I am out of the house. Sometime one of those will be networking (sometimes that pays off financially, however on the PC I can earn quite a bit with my existing network. I am in the service sector covering all sectors with Project Management. But work with Uni's a lot and councils supporting them on projects.

I have been discussing investing in flats, it could vary the work actually. But I have never done property!

2 days a month is basically nothing. I am a strong advocate for property investment, but as time goes on I realise it's not even a viable business for 90% of people. I used to believe "anyone can do it". You have £250k, you subcontract people, the potential is there for you to manage this. I would buy something with £200k cash pretty quickly requiring minimum work and get it on rent ASAP. For £200k i would be looking for a return of £1000+ pm. (You will need to add value in some way). If you are keen you can self manage it. I am happy to guide you for nothing. Openrent and Spareroom are great ways to advertise rooms/properties. Open rent will set up a tenancy for you. Why pay an agent 10% of the rent for nothing? The only thing you need to watch out for is picking an area which might drop in value over the next 5-10 years (unlikely but do remember 2008).