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Properties for Sale Can Be Good Homes, Investments, or Both!

properties for saleWhat’s the difference between any home and what is called an “investment home”? Generally speaking, they are properties for sale that are purchased in the expectation that their underlying value will appreciate. Whether you choose to live in an investment home or rent it out, the prospect of growth in its value is the determining factor. (You’d be right to notice that if you can rent it for more than its cost, it’s also a good investment — but kindly forget about logic, we’re talking real estate lingo here).

For purposes of this discussion, an “investment home” is one whose underlying value grows over time. Next question: how do I find one of those?

While there is no fail-safe way to isolate Palm Beach County properties for sale that will guarantee you can just sit back and watch it increase in value, there are rule-of-thumb characteristics that point to homes and neighborhoods that can help investors predict the direction of future value. Some of them are —

  • Look at homes in an area that shows steady population growth
  • Look for above-average rental prices
  • Pay attention to the infrastructure in the area (and avoid properties in under-maintained neighborhoods)
  • Avoid homes in the top 10% of the price range
  • Build a lasting relationship with a good real estate agent who will ultimately be able to help you decide when to sell
  • Choose a home that isn’t in need of major structural repairs

About that last point: when you are searching for properties for sale in West Palm Beach, you should expect to do some maintenance and renovation work. An investment home’s value can take the biggest leap when a new owner applies a bit of smart fixing-up to enhance its livability while forestalling long-term maintenance issues.

Not all properties for sale in West Palm Beach are good candidates to qualify as investment homes – even those that would provide excellent accommodations for your family. However, when you target investment value from the start, the financial rewards can be well worth the scrutiny.

So…how else can you find one of those?

Short answer: call me today!

 

 

 

 


Questions, Comments or For more information you can email Christian Penner at Christian@ChristianPenner.com or visit us online at www.ChristianPenner.com or you can call us directly at: 561-316-6800

ChristianPenner.com
Properties for Sale Can Be Good Homes, Investments, or Both!
http://www.christianpenner.com/properties-for-sale-can-be-good-homes-investments-or-both/


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blackwhite#Christian Penner, #Mortgage Broker West Palm Beach talks about #Real Estate West Palm Beach. He also serves other Local Areas and provides home #Mortgage Solutions for Palm Beach Gardens, #Jupiter, #Boca Raton, #Wellington and #Tequesta. #Christian Penner Mortgage Broker Jupiter has the #lowest mortgage rates and the best #home mortgage programs like; #Jumbo loans, #FHA Home Loans, #VA Home Loans, #Reverse Mortgage Home Loans, #Freddie Mac Home Loans, #Fannie Mae Home Loans and #HARP Mortgage Loans. #Christian Penner Mortgage Broker Palm Beach Gardens has Served the area for over 15 years with his #Home Loan Lending Needs and Works with #FEMBI Mortgage in Jupiter. You Can Also Find Him On fb mortgageFacebook at: http://Facebook.com/YourMortgageBanker

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ChristianPenner.com
Properties for Sale Can Be Good Homes, Investments, or Both!
http://www.christianpenner.com/properties-for-sale-can-be-good-homes-investments-or-both/