It’s no secret that property investment has created some seriously rich individuals, so, buying Port Orange real estate for investment is a great way to direct your savings. Whether you’ve already amassed several investment properties or you’re looking to purchase your first, there are some things that are always helpful to know.
Can an Investment be Guaranteed?
There’s no way to predict the future with an investment, so it is possible for things not to look as promising as you’d hoped. However, with a bit of research and expert help, there’s no reason why you can’t choose a property that would make a great investment option.
Be wary of agents who claim they can help you find a guaranteed investment opportunity. Chances are it is not possible. Instead, find yourself an exclusive buyer’s agent and be specific about the type of property you seek.
What Kind of Investment Are You Interested in?
Do you want a short-term or long-term investment? A short-term investment is likely to be a property that you buy, renovate and sell. You’ll likely be looking at a property that needs work done to it, such as cosmetic updates or layout changes.
A long-term investment will be one you plan to rent out. It subsequently requires you to look for a different set of criteria. You may be interested in properties that are already renovated, or you may pay more attention to interior features that renters will find desirable.
Let your exclusive buyer’s agent know what your investment plans are so they can help you identify the most suitable properties.
Consider Location a Priority
Location is vital in any investment property. Whether you’re marketing your investment to buyers or renters, a location that falls in line with your target market will be a safe choice. If you’ve chosen a family home, proximity to highly rated schools will be beneficial. If you’re purchasing an apartment or condo, your target market will more likely be young professionals, so being close to nightlife may be a good option.
If you’re buying real estate in Florida, there are certain areas you may want to focus your search on over others. For example, Port Orange is a popular family area with great links to beaches and amenities.
Features to Look Out For
There are some features which will affect the investment potential of a property. Any home with extra features, such as a hot tub, terrace or deck area, large garden or pool is going to be more popular with both buyers and renters. Many homes are void of these features; a great investment property is one that has the potential for adding such features, if they aren’t there already.
It is, however, important to confirm your target market with your agent. A single professional is unlikely to want to maintain a large garden, but a family may find it appealing.
Get Help From a Professional
No matter how experienced you are with investment real estate, you should always seek out an exclusive buyer’s agent to help you find and secure a property. Aside from their ability to locate suitable properties, a key part of investing is attaining a good purchase price from the onset.
While a regular agent will be thinking about commission, an exclusive buyer’s agent is obligated to work in your best interests and will ensure a deal is made based on the lowest purchase price possible.
If you are ready to make your next investment in real estate, make sure you know who your target market is. With some research and an exclusive buyer’s agent behind you, you’ll be in the best position to make a sound property investment. Contact a reliable exclusive buyer’s agent like The Buyer’s Agent of East Florida and buy a Port Orange real estate property today. 1-888-830-8201.
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