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Investment Real Estate >Location And Value
One of the most important factors that affect the value of property is obviously location. Wise investment philosophy suggests that you invest in a sound property in a more modest area that will increase in value in the future. Buying into an area that is being gentrified, or that is otherwise coming back, is one way to do this.
Timing is everything, however! Most investors don't want to risk too much by being a pioneer, but want to get involved early enough so that there is still considerable room for appreciation in value. Being a pioneer is fine if you are a risk-taker with a lot of patience and cash is not the primary issue. Otherwise, it is safer to buy into an area after the restoration trend is unmistakably established.
Neighborhoods that are ripe for restoration have some common characteristics. They are next to a prestigious area or in a good walk-to-work location and have houses that are basically in good condition or "fixer-uppers" with realistic price tags.
The Stinson Team North Eastern Group Realty 10808 La Cabreah Lane, Suite 101 Fort Wayne, IN 46845 Tel: 260-469-1947 Fax: 260-818-2070 Email: thestinsonteam@NUMBER1EXPERT.com
THE STINSON TEAM...Judi, Phil, Brad, & Lori - Realtors in the Fort Wayne area. In 2011 Fort Wayne, IN was #1 in Job Growth over the last year- out of 100 metro areas in the U.S. The Stinson Team of Realtors have been listing and selling residential real estate since 1986. The team has over 68 years of combined experience. The business has consisted of over 2781 buyers and sellers with a sales volume of over $355.4 million in residential home sales. Having sold more than 1 home every three days for many years provides a strong background of experience upon which to draw. Tammy McCoy- The Stinson Team office manager started with the team in 1992. For all your real estate needs in the Fort Wayne area- Allen County and surrounding counties. "When it's time for a move...Call The Stinson Team...A FAMILY helping FAMILIES." Call us direct at 260-489-7095 Judi-Ext 180, Phil-Ext 181, Brad-Ext 178, Lori-Ext 182. Direct Fax 260-818-2070
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