| Researching, stacking and checking the positive cash | | | | - Title evidence |
| flow of your rental properties can make a huge | | | | - Standard searches - drainage, water supplies, |
| difference in your choice of property investments. But | | | | flooding, electrical |
| there are other investment tools that you can use to | | | | Leasehold Properties: - all of the above documentation |
| make sure you are gaining an accurate perception of | | | | - copy of the lease |
| your investments. | | | | Now the ones we have outlined here are compulsory |
| One such tool is HIPs, or to put it simply Home | | | | documents which must be included within the HIP pack. |
| Information Packs. | | | | But there are other documents that are not |
| These useful tools are readily available for your | | | | compulsory which you may sometime come across: |
| perusal as soon as a property is put onto the property | | | | - Home Condition Report |
| market. And they are truly a useful asset. | | | | - Legal summary |
| You see the incredible thing about HIPs is that ALL | | | | - Home use/contents form (this may be particularly |
| properties must offer them before they can be put up | | | | interesting to you if the property has already been |
| for sale. So no matter your property investment | | | | used as a rental property |
| interest, you will be able to find a HIP containing | | | | - Specialised Search reports |
| recently accumulated information about your property | | | | And you can easily gain access to these HIPs simply |
| all in one place. | | | | by going to the estate agent who is advertising the |
| And when we say recent, we mean documentation | | | | property. There is no charge, meaning you will not be |
| that has been acquired in the last 3 months, meaning | | | | at a loss for looking at it. |
| there'll be no surprises when you invest. | | | | No, quite the opposite. |
| Another interesting aspect about HIPs is that they | | | | Instead, you will be gaining free access to information |
| have to include a set number of documents that | | | | which will outline any future costs or maintenance |
| outline the condition of the property, for example if the | | | | problems that occur. |
| property is prone to flooding, and its structural integrity. | | | | For example, would you really want to invest in a |
| But there are other documents - that can each offer | | | | property that is prone to being flooded several times a |
| their own value - that could prove useful in your | | | | year? No. Not only would you lose your tenants, but |
| property investment decision too: | | | | this would gradually affect the rental properties |
| Freehold Properties: - Home Information Pack Index | | | | structure making it unsound and unsafe. |
| - Energy Performance Certificate (EPC) | | | | So let HIPs lend your property investments a helping |
| - Sustainability information (newly built properties only) | | | | hand. This clever little tool could prove more lucrative |
| - Sale statement | | | | than you think. |