Property is the best investment there is (when done right), so it’s no wonder that many people are seeking out becoming a landlord as another way to make an extra stream of income, whilst planning for their future, such as retirement.

And although it can be a great source of income, it isn’t without a whole lot of responsibility and dedication.

Here’s everything you need to know about becoming a landlord in 2025 and the current housing climate - the good, the bad and everything in between!

Initial investment

The biggest and most important thing to consider is the property itself.

Do you want a new build, an older home with character, or something that will require maintenance work and renovation beforehand? Whichever route you decide to take, it’s important to enlist the help of a professional to support you on your journey.

A RICS surveyor will be able to look at the property in great detail, investigating elements that go far beyond the naked eye, and determine whether the initial investment is worth it. The follow up report entails information on estimated repair costs, stability of the property and various other elements that will support any decision making.

Whilst a property may seem like the perfect investment piece, if there are hidden faults, expensive repairs to make and any potential defects, this can make a huge impact - from increasing overall property value to simply not being worth it. And an expert building and property surveyor can help guide you through the process with a detailed inspection and report.

Long-term responsibility and overheads

Being a landlord isn’t just about the long-term investment, but the responsibility that comes with it, too.

Any repairs, such as electrics, heating and structure, will be the responsibility of the landlord, as well as ensuring all health and safety regulations are complied with. Of course, estate agents can help with the management of tenants, too.

This, as well as ongoing increases to taxes, stamp duty and any other expenses, all contribute and add up to the costs of owning a buy-to-let.

Changes in legislation

New legislation requires all rented properties to have an EPC rating of C by 2028, which will require older properties to undergo significant upgrades to meet this requirement - a further expense for landlords to be aware of.

The Renters Rights Bill has also been introduced, providing a number of changes that are set to support both landlords and tenants. This aims to support security and long-term tenancies for tenants and in turn, long-term income for the property owner.

One of the biggest changes is making all tenancies periodic, with tenants needing to end their tenancy with two months notice, and landlords ending the tenancy by serving a section 8 notice.

If you’re a landlord or looking to purchase a buy-to-let property, then be sure to look at the upcoming changes to laws and legislation that may impact your plans.

Long-term reward

The good news is that in spite of the responsibilities and expenses that come with being a landlord, the renters market is one that is relatively steady and remains strong.

For many people, they simply aren’t in a position to purchase a property, and are therefore renting for longer periods of time, making investment properties a strong and stable reward over time.

As a landlord, you will benefit from both an ongoing and consistent income as well as a rise in property value as the years go by. And, while mortgage rates are looking to come down as we enter 2025, this will help investors reduce their mortgage payments and increase profitability.

Many people consider property to be the ultimate long-term investment, with many investors purchasing a property with the view of it becoming their pension, or inheritance for their children.

How to thrive as a landlord in 2025

Here are our top tips for thriving as a landlord throughout 2025 and beyond:

• Stay informed with any definitive or potential changes and be aware of how this may impact you
• Invest wisely, and enlist the help of professionals such as property surveyors and estate agents to support your investment and property buying decisions
• Build relationships with your tenants to ensure a long and healthy tenancy, supporting consistent income and growth

If you’re a property investor and are considering purchasing a buy-to-let property, the expert help and guidance of a RICS surveyor is essential.

Whether you’re buying a newer home and want peace of mind that the property is safe and secure, or you’re buying an old property that requires renovation and you want to understand all elements of such before proceeding, then a RICS homebuyer survey or RICS level 3 building survey will best suit your needs.

For more information, or for a free quote from one of our expert RICS surveyors, please get in touch today!