Investing in a Rental Home – Consider this.

Looking to invest in real estate?  Contact Kim Woehl - Keller Williams Premier Realty  651-214-1459

Looking to invest in real estate? Contact Kim Woehl – Keller Williams Premier Realty 651-214-1459

We buy a home hoping that it will increase in value.  We watched for years as homes made a steady upward climb.  It began to seem almost impossible that this steady progression would stop, but it did.

Just like any investment we don’t have a lot of control over what ultimately happens when it comes to the market.  This said, we do have control over where to buy, how much to spend and how much to improve the property.

Consider for a moment that you purchase a home with the idea that it will never appreciate.  Even if the price of the home never goes up, you still are collecting monthly rental income while you pay down the mortgage.  You can also increase the property value by making updates that will bring value to the home.  How much can you afford to lose.  Before buying is the time to decide how much risk you can take and if investing is right for you.

 

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With Spring on the Way, Home Searching Steps up via Open Houses!

Open Sign Bushes Rock Building House Neighbor ...

Image by cdsessums via Flickr

Spring Fever Hits the Housing Market too! The snow is melting and with it we begin to get out and take a look at our neighborhoods again.  As a realtor, we begin to see more people visiting open houses and dreaming of their next move.  If you are considering a move, now is the time to begin planning for this move.  First of all, give me a call.  🙂  Next get your financing in order.  Now is the time to sit down with a mortgage company to see what you will qualify for.  You will also want to contact me to see what your current home is likely to be worth in today’s market.  Things change frequently and so knowing what homes like yours are selling for today is a great place to start when deciding to move.

Equity has been lost or spent down over the recession, but the same has happened to the home you are considering purchasing, so the loss here is a huge gain when you find that perfect home.

Homes are taking a bit longer to sell since we have a surplus and therefore its a buyer’s market.  Having your home competitively priced will put you in front of potential buyers.

Next put your spring fever to rest by scheduling an open house tour!  Visit that open house down the road!  What do you like about this home?  What makes it appealing?  Are there things that will need changing?  If so, can I do these myself to save even more money?

Now that I have gotten you up out of that chair, consider giving me a call so that I can help find you what you are looking for.  I want to be your real estate agent.  I will listen and then do my best to find you exactly what you are looking for.  Call today!  Kim Woehl – Keller Williams Premier Realty – Minnesota 651-214-1459

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