Real Estate Investing Tips
Warren Buffet one of the worlds smartest investors recently commented on Real Estate investment, saying “It’s a totally sound premise that houses will become worth more over time because the dollar becomes worth less,”
Banks allowed people with small down payments to buy homes which they could not afford but were willing to speculate on rising house values. This created the Housing Bubble.
In light of recent losses in the housing market, even investors like Warren Buffet has indicated that he made more money in stock market than his real estate investments.
Barrie and Orillia have been listed as promising locations for the REIN investment article for its network of investors. REIN ( real estate investment network ) is a Canadian Investment network which analyzes cities for its network of investors and ranks them accordingly.
Smart investors will do some interior and exterior renovating and decorating which will bring a quick increase in profits, this is according to Don Campbell from REIN. Smart investors always do the small in-expensive cosmetic adjustments that will set their properties apart from their competition.
Inside your home, install white electrical switches and plug-ins (no unsightly yellow ones), and low-maintenance single-lever taps in the kitchen and bathrooms;
Outside your home you can spruce up the curb appeal with new doors, or even as little as replacing mailbox and house numbers. How your house looks from the street is the main focus of “curb appeal” and will directly relate to number of prospective buyers that will look at your property.
These simple and cost effective decorating and renovating tips can be the difference between selling or renting your investment or not. Separate yourself from your competition.
Using a qualified home inspector or commercial building inspector is a pre-requisite to purchasing property. Many REIN members have used Barrie Home Inspections for their investment purchases in Barrie and Orillia. Roger Frost is a Certified Building Code Official and has performed over 4,500 inspections.
Remember when buying a property the rule of thumb is Caveat Emptor – Buyer Beware
Learn more about investing in Commercial Buildings atCommercial Building Inspector. Stop by Roger Frost’s site where you can find out all about Commercial Property Inspector tips and important information.