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Q
Where should I buy to make the most money?
A
It is difficult for even the most seasoned real estate expert to predict rate of price appreciation in any particular location. I advise all my clients to purchase a home that fits their personal needs, meets their budget, and that is in a location they can live in for a good duration. For instance, do you need public transportation, retail within walking distance or access to the highways? It is possible to experience appreciation in an area that develops as you live there. But your personal needs may be an indication of the future value of the property as well.
There are many economic and social benefits to owning in general and we like to match these with the buyer. We also will advise on amenities and features a prospective home has that will help re-sale value in the future. Improving your property and building equity will also increase the value of your investment in a particular location in addition to any appreciation realized. You may add a dishwasher, a new deck, remodel the kitchen or bath. These will add value if you make improvements with the neighborhood in mind.
If you are considering investing in real estate for income purposes, we will both consult and represent your transactions with the wealth of our brokerage’s experience. Be it a multi-unit rental property or a single family home rehab, we will analyze and present property options to help you realize these complicated and lucrative investments.
Eric Rojas
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