Are you thinking about investing in real estate but not sure if a property is a good investment? Well, we are going to break down the key factors to consider when determining if a property is a good investment.
First, it’s important to research the location of the property. Look for areas with a strong job market, good schools, and growing population. These are all indicators of a strong real estate market.
Next, consider the condition of the property. Unless you are looking to flip or renovate a property, look for properties that have been well-maintained and updated, as these will be easier to rent out or sell in the future. Similarly, will require less up-keep and maintenance for you while owning the property.
It’s also important to look at the financials. Since this is a potential investment, make sure the rent you can charge covers the mortgage payment, property taxes, insurance, and other expenses. Don’t forget to include for long term capital expenses, like that new hvac or roof down the road. You’ll want to make sure the property is cash flow positive.
Finally, don’t forget to consider the long-term potential of the property. Look for properties that have the potential for appreciation, or that are located in areas that have a good track record of retaining value over time.
So, to summarize, when determining if a property is a good investment, consider the location, condition, financials, and long-term potential.
And if you have any more real estate questions, reach out to us at lisastig@gmail.com or call us direct at 615-310-8661.
And don’t forget to check out our free guides sign up here: Guides & Resources.
Thanks!!
Lisa & Sammi
Nashville on the Market Real Estate
Lisa – Direct – 615-310-8661
Office – 615-541-5114
