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Tools of The Trade – Are You Using the Latest Tech?
Computer technology is advancing rapidly. According to Jalopnik, if cars had advanced at the same pace as computers, the average car would now cost $5,000 and do 3,666,652 miles per gallon. While cars haven’t quite got there yet, we have everything from connected devices, voice-control and 3D printing to keep us busy!
With so much progress and data out there, it can be hard to know how best to harness the latest technology and tools to our advantage as getting to grips with the relevant tools of the trade can help to reap big rewards. For those with an interest in property investment, these tools are split evenly between information resources and practical tools.
Property Investment Resources
Property investment information resources, including sites such as Rightmove and Zoopla, are vast treasure troves of property-related financial data, providing investors with everything they need to know in terms of an area’s history. The data can be interrogated to find out how well a city, or even a specific area of a city, is performing in terms of its property values, average rents and more.
Then there are the practical tools. Molo has become the latest firm to announce progress in this area, launching a buy-to-let product range for those who like to manage their finances digitally. It can take as little as 15 minutes for would-be borrowers to receive a mortgage offer, while even those who require further credit checks usually get an answer within 24 hours.
The Surrenden Invest team is also doing its part when it comes to providing investors with the tools they need in order to build a profitable property portfolio. Our mortgage calculator and stamp duty calculator tools are due to be launched at the turn of the year, providing those browsing the superb investment opportunities available on the Surrenden Invest website with instant answers; in terms of how much mortgage interest they might pay and how much stamp duty will apply to their purchase.
The This is Money buy to let yield calculator is another excellent resource, providing investors with a quick calculation of just how much they might be able to profit from a particular property.
Tech Solutions for The Property Sector
The property sector was a little late to the table in terms of embracing technology. However, it is doing much to make up for that now. Venture investors committed more than $5 billion to real estate technology in 2017, according to Forbes – over 150 times the amount that was invested in 2010. With so much being poured into delivering tech solutions for the property sector, investors who look out for the latest developments should have plenty more tools at their disposal over the coming months and years.
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