Stating the Facts About Real Estate

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Stating the Facts About Real Estate

Buying real estate can be a really good investment. There are a few different approaches you can take. Many people choose to simply buy themselves a home and pay into the mortgage over time, building equity. You could also buy an apartment community or a couple of homes to rent out, profiting from the rent, and then profiting again when you sell the homes. Regardless of which approach you take, it is important to know the facts. This blog is a good place to find them! We state the facts on real estate, and we cover a wide range of topics for your benefit.


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4 Reasons To Invest In Single-Family Homes

When deciding to become a real estate investor, you have a lot of potential investment properties to choose from. Many real estate investors choose to buy multi-family homes, vacation condos, or apartment buildings, for example. When deciding on a real estate investment, be sure not to overlook single-family homes. Single-family homes offer many benefits for investors without some of the frustrations common with other types of properties.

Singe-Family Homes Tend to Appreciate More Quickly

The biggest reason investors like real estate is that it's a reliable way to make money and build wealth over time since, in desirable markets, houses tend to appreciate quickly. Single-family homes typically appreciate faster than condos or multi-family units. This means that your new investment property may be worth quite a bit more than you purchased it for in just a few short years.

You Don't Have to Deal With Multiple Tenants

A major benefit of investing in a single-family home is that you can rent it to long-term renters and won't have to deal with multiple tenants at once. When you only have one tenant (or a family), communicating with them, ensuring repairs are made in a timely manner, and other landlord responsibilities will feel manageable.

On the other hand, with an apartment building or multi-family unit, you will need to hire a property management company to keep things running smoothly and may still find being a landlord overwhelming.

Your Home Will Likely Not Have Much Wear and Tear

It can be very disheartening to buy a beautiful rental property only to find it in disrepair a year later. With vacation rentals or multi-family units, you will likely see more wear and tear than with a single-family home, simply because of the larger number of tenants and greater turnover.

When renting your single-family home, you can be sure to choose your renters carefully, including checking their former rental references. This will help ensure you rent your single-family home to renters who will treat it like their own home, with care and consideration.

Single-Family Homes Are Great for New Investors

Another benefit of buying single-family homes is that they're ideal for new investors. The purchase process and being a landlord will be more straight-forward than with an apartment building or multi-family property. Once you get the hang of things, you can consider adding these other types of properties to your portfolio.

If this all sounds good to you, start with a consultation appointment with a real estate agent who knows more about buying single-family homes as investment properties.