| The requirements
from a property software solution could potentially differ substantially
based on whether the investor is a home owner acquiring a primary residence
or a property investor interested in buy to let properties.
Buy to Let Investors
Whether the investor is an experienced property investor
or a novice investor acquiring his first buy to let property, the benefits
of using a comprehensive property software solution are the same:
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An enhanced understanding of the variables which
influence investment return
-
The ability to perform comprehensive bond calculations
to determine the affordable price range, monthly bond
-
repayment obligations and sensitivities around
changes in key variables (like interest rates)
- The ability to accurately calculate and forecast investment return
-
The ability to measure actual investment return
against initial forecasts
-
The functionality to generate reports for income
tax purposes
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The ability to track rental payment trends
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The functionality to keep accurate record of cash
flow shortages for the purpose of personal financial planning
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The functionality to keep accurate record of all
capital expenditure for capital gains tax purposes
Primary Residences
Even though there are a lot of non-financial concerns
when acquiring a primary residence, a comprehensive software solution
also benefits the home owner:
-
An enhanced understanding of the variables pertaining
to property transactions
-
The ability to perform comprehensive bond calculations
to determine the affordable price range, monthly bond
-
repayment obligations and sensitivities around
changes in key variables (like interest rates)
-
The functionality to keep accurate record of all
capital expenditure for capital gains tax purposes
-
The functionality to measure the cost associated
with living in a primary residence for personal financial
-
planning purposes
-
The functionality to measure and compare operational
expenses over time - for example, water, electricity,
-
gardening, pool cost, etc.
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