Much has been said about real estate and the undeniable decline in its value. Being deceived is a total no-no. In this market situation, you need to read between the lines. Just because of the industry's temporary jam, you shouldn't be driven from investing in a property.
When you think about it, this isn't the first time we've seen a decline in real estate value. And we can see the wheels are turning. Yes, investment options other than real estate are almost endless and-let's admit it-a little confusing. However, buying stock or gold does not guarantee life-long security (or peace of mind) like real estate.
How is that so? Investing in stocks or buying jewelry is not bad. But both ventures are market-dependent and leave you with little control. While on the other hand, real estate is YOURS. Whatever you decide to do with your home, no one else will care.
After all, have you ever heard of robbers stealing property being stolen as easily as they did gold?
As buyers you may still be doubtful about real estate investing. But taking advantage of what others are overlooking because of the economy has its pay-offs. Just like any other venture, if you're armed with proper knowledge and expert advice, you can be confident about your real estate choices and ventures.
That real estate investing is no longer a high-stakes game of chicken today should be taken optimistically. When (in the near future) real estate claims center stage in the market once again, you might regret not having taken the opportunity to acquire a property or two when properties were just at its cheapest.
Thinking about selling your home? Consulting with an expert will tell you that home improvements can make or break your home's value. However, home improvements are not just about adding a pool or expanding your living space if you are serious about taking your investment (which is your home) to the next level.
#1 It is about picking the RIGHT kinds of additions
That having a swimming pool at home will increase your home's value is a myth. But, having a great kitchen and a remodeled bathroom is not. Reports say that houses with improved or remodeled kitchens and baths have been recouping 100-190% of the resale value. Plus, improving your kitchen or bath won't require much maintenance.
#2 It is also about staying away from the WRONG sorts
Apart from being expensive, pools crack and you would be spending so much before realizing that in your home's value at resale, it takes the lesser percentage than your garage. A swimming pool will limit your home's sale in the market immediately. The moment a buyer walks into your home, they'll be thinking, "hey, I'll be spending how many grands on this one?"
#3 Lastly, do NOT limit yourself on the "inside"
Come on, people notice exterior beauty first and foremost. And, if you are wanting to sell your home, first task is to let the buyer out of his car and you wouldn't be able to do it with remodeled kitchen and baths alone. A great curb, landscaping and simple home maintenance shall go a long way.
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