It has long been no secret that pensions for the current working population need to be topped up with private measures if they want to secure a life that is more or less in line with previous standards.

Among the options for ensuring this, many people consider investing their money now in a (further) property that will provide them with an income from rental income later.

The idea is not wrong, but there are a few things to bear in mind to ensure that the calculation works.

Location and position of the property

It is not only important whether a flat or house is located in the city centre or in a quiet residential area, but unfortunately also in which city or region the house is located.

In areas with high unemployment, there is no need to immediately advise against buying a property as an investment, but the location and attractiveness are particularly important.

Although the labour situation in a region cannot necessarily be predicted for decades to come, you should nevertheless take into account whether the property is located in a catchment area or in an area where people are moving away because there are no or fewer and fewer jobs available.

Condition of the house

An old flat in the city centre is certainly an attractive residential property for many people, but for you as a potential new owner and therefore landlord, it can mean extensive renovation and refurbishment work after another 10 or 20 years.

Before deciding on an older property, you should always find out about any refurbishments that have already been carried out, as roof repairs or the replacement of heating systems or sanitary facilities can be very expensive.

The disadvantage of a new build is that the expected yield is likely to be lower in the first few years.