Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds.
For the fourth year in a row, Real Estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart below.
The study makes it a point to draw attention to the contrast of the sentiment over the last four years compared to that of 2011-2012, when gold took the top slot with 34% of the votes. Real estate and stocks took second and third place, respectively, while still in recovery from the Great Recession.
As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment.
source: Keith Kreis Real Estate News
Making a real estate investment is always a great choice, however, people are usually faced with so many questions that they might be potentially deterred from making such an investment. So let’s discuss several factors that you should consider before making such a major decision.
The Market You’re Buying In
Carefully analyzing the neighborhood your potential property is located in is pivotal. What does the future hold for this city or region and how will it affect your property’s price/value should you decide to sell it? It is also important to keep a close eye on developing area’s nearby, trendy upcoming neighborhoods can significantly affect a potential buyers interest in your property. Homes For Sale
Return On Investment
It’s only wise to invest in a property that will give you a high return on your investment. Do not avoid properties simply because they are need of some renovations, as the flaws will help you buy cheap and sell high after renovating. In fact most seasoned real estate experts will suggest that you had better buy a structure that needs renovations to help maximize potential profits. Homes For Sale
Continue Reading via What To Consider Before Investing in Real Estate
Landlords are a bit like dentists; folks typically try to avoid them as much as possible. But, it’s the dentist and the investment property owner who have the last laugh, all the way to the bank. For the latter to actually make bank, however, requires careful planning and a tried-and-true system. We’ll try to help you out with both of those. Homes For Sale in Plainfield
Types of residential income property
When you make the decision that you’d like to invest in rental property the next step is to determine what type of property you want. If you’d rather deal with just one tenant then you’ll want to look at single-family homes, townhomes or condos. If you don’t mind dealing with multiple tenants, or hiring someone to do it for you, a multi-unit property, such as a duplex, triplex or apartment building might be for you. Homes For Sale in Aurora
Each has its benefits and drawbacks. While the income for multi-unit properties is typically higher, you will be dealing with multiple tenants (and their multiple problems) which can become a time suck. Homes For Sale
Read More; Thinking of becoming a landlord?