By Aida Poladian,
Broker Associate, GRI at
Investors who poured their capital into real estate during the boom conditions of recent years enjoyed considerable success. When the market is hot, most investments will yield a substantial return, but when the market slows down, how do you evaluate whether a property is a good investment?
Choose locations with potential for home price appreciation. Prices tend to increase in areas where the demand for housing will eventually exceed the inventory of homes. Look for neighborhoods that offer easy access to shops, schools, medical facilities, recreational opportunities and cultural activities because properties in these areas are more likely to bring top dollar.
The less you pay for the property, the greater your profit. For value, buy the least expensive home in an upscale district. Select areas that are developed where new businesses, homes and condos are appearing and thriving.
Talk with me about our local market and I will help you make a sound investment.
For professional advice and personal service when buying or selling real estate, consult Aida Poladian, Broker Associate, GRI at Ramsey-Shilling Associates. Email RE4Aida@gmail.com or call (818) 371-5742.